Categories Archives: Business

New Domestic Airlines To Prop Up in 2017.

2017 is really looking like a year when Nigeria would make some economic gains as predicted by global financial watchers as one of the most affected sectors of the economy, the aviation sector is set to have some major boost. More airlines are expected to ...

Inflation Hits 18.5 Percent in Nigeria.

Inflation in Nigeria has hit 18.55 per cent in the month of December as announced on Friday by the National Bureau of Statistics which stated that the rise was observed as the Consumer Price Index, which measures inflation was used as the measuring factor ...

Dangote To Resume Production in Tomatoes Factory.

After production was halted in February 2016, due to lack of enough raw materials, the Dangote Tomato Processing Factory in Kadawa, Kura Local Government Area of Kano State is to resume production of the produce in February 2017 This was revealed by Alh. ...

Interest Rate Hike Causes Dollar to Rise.

The federal reserve has indicated it will likely embark on a steeper path of interest rate hikes over 2017, the dollar rate has now spiked against its other peers today even as most Asian markets have stumbled. The naira is one of the major currencies tha ...

Govt Gives Deadline of December 16 to Pay Taxes.

The government of Lagos state through the Lagos State Internal Revenue Service (LIRS) has stated that all taxpayers that have yet to fulfill their obligation have been given between December 1 and 16, 2016, to pay their overdue taxes and levies so as to a ...

Ban On Vehicles Importation: The Good and The Bad.

The ban on importation of vehicles through land borders by the Federal Government is creating rumpus in the public and business circles as people criticize the new regulation. The Nigerian Customs said in a statement on Monday that it has placed ban on im ...

Abakaliki Bag of Rice Now Costs N8, 000 In Ebonyi.

A 50kg bag of rice is now being sold at N8, 000 in Ebonyi State, the Central Bank of Nigeria has disclosed. The Acting Director, Corporate Communication, CBN, Mr Isaac Okoroafor made this known while addressing farmers at a sensitization workshop in Bayel ...

CBN Denies Plan to Freeze Domiciliary Accounts.

After rumours have been flying for several weeks about a plan to freeze domiciliary accounts, the Central Bank of Nigeria (CBN), has come out to refute those claims saying that it is a false claim and should not be heeded. In the same vein, the apex bank ...