BUSINESSPOST
Customs Street Opens Week With 0.62% Growth, Welcomes New Member
The first trading session of the new week at the Nigerian Exchange (NGX) Limited ended on a positive note on Monday with a 0.62 per cent growth. This happened as the bourse welcomed a new member, Aradel Holdings Plc, to its fold. The integrated energy company listed 4.34 billions of its shares at N702.69 per unit yesterday, adding about… Read More
LEADERSHIP
NIDCOM, AFRIDU Partner For African Diaspora Investment
The Nigerians in the Diaspora Commission (NIDCOM) and the African Diaspora Union (AFRIDU) are taking deliberate steps to attract more investment from Africans in the Diaspora into Nigeria and other African countries. This was part of a plan to celebrate the international gathering in honour of the African Descendants in the… Read More
NAIRAMETRICS
Nigeria Customs Extends Verification Exercise For Illegally Imported Aircraft By One Month
The Nigeria Customs Service (NCS) has announced a one-month extension of the verification exercise of recovery of import duties on illegally imported aircraft into Nigeria. In a statement signed by the National Public Relations Office in the office of the Comptroller-General, Abdullahi Maiwada, the service noted that the verification exercise… Read More
PUNCH
Oil Production Drops By 27,000bpd – Report
Nigeria’s crude oil production dropped to 1.324 million barrels per day in September, the Organization of the Petroleum Exporting Countries said on Monday. In its Monthly Oil Market Report for October, OPEC disclosed that the country’s crude production fell from 1.352mbpd in August to 1.324mbpd in September. This, it said, indicated that the country… Read More
ECONOMY HEADLINES
At NESG 30th Summit, Tinubu Canvasses Collaborative Efforts To Drive Economic Growth
President Bola Tinubu yesterday called for increased cooperation among government agencies, the private sector, and international partners to boost economic growth, enhance competitiveness, and maintain stability in the country. The call by the President comes on the heels of emerging positive economic indicators, suggesting that recent… Read More
BUSINESSDAY
Import Duty Enforcement On Private Jets Seen Boosting Government Revenue
The federal government’s imminent enforcement of import duties on private jet operations in Nigeria is seen boosting public sector revenue, stakeholders told BusinessDay. Earlier in the year, Festus Keyamo, minister of aviation and aerospace, had said that the federal government was set to arrest and sanction illegal flights and non-certified… Read More
NAIRAMETRICS
Interest Rate: Cardoso Setting Nigeria On The Right Course, Says World Bank
The World Bank has lauded the reforms led by the Central Bank Governor, Yemi Cardoso, noting that his monetary policies are steering the country in the right direction. Indermit Gill, Senior Vice President of the World Bank Group, made this statement during the 30th Nigerian Economic Summit organized by the Nigerian Economic Summit… Read More
POLITICAL HEADLINES
Representatives Bemoan Non-Implementation Of Disability Act
The House of Representatives has expressed displeasure over the non-implementation of the Discrimination Against Persons with Disability (Prohibition) Act 2018 by Ministries, Departments and Agencies (MDAs) and the private sector. The Green Chamber expressed its concerns at the investigative hearing on MDA compliance with the Act, held… Read More
ARREST WARRANT: Honour Invitations From Senate, Presidency Tells HOSF, Heads Of MDAs
The Presidency has directed the Head of Service of the Federation, Mrs. Didi Esther Walson-Jack, and the heads of Ministries, Departments, and Agencies (MDAs) to comply with Senate invitations, emphasizing the importance of cooperation between government bodies and the National Assembly. Addressing journalists in Abuja on… Read More
TECHNOLOGY HEADLINES
NAIRAMETRICS
How To Apply For Your Tax Identification Number In Nigeria
The Taxpayer Identification Number (TIN) is now a crucial component for individuals and businesses looking to operate seamlessly in Nigeria. TIN serves as a unique identifier that streamlines tax payments and ensures compliance with Nigeria’s tax regulations. It is issued by the Federal Inland Revenue Service (FIRS). Whether you are a small… Read More