BUSINESS
FG Moves To Regulate Prices Of Goods As Hardship Bites Harder
The federal government has said plans are in the works to establish a National Commodity Board as a solution to the escalating food prices in the country. The commodity board will be expected to assess and regulate food prices, as well as maintain a strategic food reserve for stabilizing prices of crucial grains and other food items. Vice President Kashim Shettima...
Tinubu Orders Payment Of Electricity Bill Owed By Aso Villa
President Bola Tinubu has ordered the payment of Aso Rock’s electricity bill to avoid disconnection in the nation’s seat of power. In an advertorial titled ‘Notice of disconnection’ published on Monday, the Abuja Electricity Distribution Company (AEDC) said the presidential villa owes an electricity bill of N923.87 million. It issued a 10-day notice to the presidential villa and 86 government ministries,...
Enugu banker gets N200m bail in fraud allegation
An Enugu State High Court, Friday, granted bail worth N200 Million to Oliver Anidiobi, a banker who was accused of fraud. Anidiobi is facing trial before the court on 32 count charges of forgery and stealing, slammed against him by the Economic and Financial Crimes Commission (EFCC). He was earlier arraigned by EFCC on May 7 this year and was remanded...
Nigeria Records N948.07bn VAT In Q3 2023 – NBS
The National Bureau of Statistics (NBS), said the aggregate Value Added Tax (VAT) stood at N948.07 billion in Q3 2023. This is according to the VAT Q3 2023 Report released in Abuja on Monday. The report shows a growth rate of 21.34 per cent on a quarter-on-quarter basis from N781.35 billion in Q2 2023. It said local payments recorded were N522.08 billion, while...
Kaduna State Government Orders Agencies To Accept Old Naira Notes
This was contained in an official statement released by the Special Adviser to the Governor, Media, and Communication, Muyiwa Adekeye on 19th February 2023. He said, "In line with the subsisting order of the Supreme Court, the Kaduna State Government has directed its ministries, departments, and agencies to ensure that their collection agents continue to accept payments made in all...
We’re Worried Over Rejection Of Nigeria’s Food Items Abroad, FG Laments
The federal government has said it is working hard to stop the rejection of Nigeria’s food items and other goods exported out of the country, describing the situation as worrisome and affecting the country economically. The Minister of Health, Dr Osagie Ehanire, spoke in Lagos during the opening of a six-day training for members of the National Codex Committee on...
Tinubu Assures Business-Friendly Economy As Coca-Cola Announces $1bn Investment In Nigeria
President Bola Tinubu has reiterated his administration’s commitment to creating a robust financial system and a business-friendly economy that will attract more foreign direct investments. The President made the commitment on Thursday in Abuja, as the Coca-Cola Company announced plans to accelerate its investments in Nigeria to $1 billion over the next five years. This was disclosed by the Special Adviser...
EFCC Intercepts N32.4m New Naira Notes Allegedly Meant For Vote-buying In Lagos State
The massive operation by the Economic and Financial Crimes Commission, EFCC, to deter vote trading and other financial malfeasance ahead of tomorrow's presidential and national assembly elections may have begun paying dividends with the interception in Lagos of the sum of N32, 400,000 (Thirty-two Million, Four Hundred Thousand Naira) allegedly suspected to be used for vote buying in Lagos....
Publish Details Of Your Foreign Loans Now, Guru Maharaj ji Challenges Buhari
The Founder of One Love Family Satguru Maharaj ji on Sunday urged President Muhammadu Buhari to publish a breakdown of foreign loans obtained by his government since he came to power in 2015. He also urged the President to publish names and photographs of those who have been caught and jailed by the Economic and Financial Crimes Commission (EFCC) and...
Obaseki plunges Edo into foreign debt with no result to show, DMO reports says
A report from Nigeria’s Debt Management Office (DMO) has shown that Edo State sunk into scary levels of foreign debt under the administration of Governor Godwin Obaseki. According to the data, Edo State has a foreign debt profile of $276.25m representing 6.53 per cent of the sub-national foreign debt portfolio, a figure second only to Lagos State. In spite of this...
