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Business & Economy
New ReelFruit Factory highlights U.S. Govt support for Nigeria’s agric value chain
Paul Ogbuokiri
Nigerian-based Nature’s Bounty Health Products (ReelFruit) and the U.S. government celebrated the opening of an 800-metric ton dried fruit processing facility in Ogun State.
The U.S. Agency for International…
FIRS boss: Buhari’s N2.59trn tax credit scheme for road construction unlawful
Maureen Aguta
The Chairman, Federal Inland Revenue Service (FIRS) , Mr. Zacchaeus Adedeji, has expressed reservation over the three-year-old N2.59 trillion Tax Credit Scheme introduced by former President Muhammadu…
Nigeria’s inflation hits 29.90% in January 2024
Maureen Aguta
Nigeria’s annual inflation rate rose to 29.90 per cent in January from 28.92 per cent in December 2023, the National Bureau of Statistics (NBS) said Thursday.
The statistics office said the January 2024…
FG urged not remove electricity subsidy
Maureen Aguta
Some financial experts have advised the Federal Government not to remove electricity subsidy, saying such act can lead to tough economic conditions.
They said this in separate interviews with the News…
As Bolaji Agbede steps in Wigwe’s successor at Access Holding PLC
Maureen Aguta
Access Holdings Plc has made a decisive move in leadership continuity by appointing Ms. Bolaji Agbede as the Acting Group Chief Executive Officer.
This is in a swift response to the unexpected passing of…
Hardship: Nigeria’s master bakers, caterers announce date for nationwide strike
Maureen Aguta
The Association of Master Bakers and Caterers of Nigeria (AMBCN) has disclosed has said that is members would embark on nationwide strike as from Tuesday, February 27, 2024.
Kogi State chairman of AMBCN,…
Naira tumbles to all-time low at official market
Maureen Aguta
The Naira depreciated to N1,534/$ in the official foreign exchange market on Monday, February 12, 2024 from N1, 469.97/US$ on Friday and N1,479.47/US$ on Thursday last week.
Data from FMDQ showed that…
I’m saddened when FG talk of giving people grains as palliative as if Nigerians are pigeons – Ajaero
Joseph Irikefe
The President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero has described plans by the Federal Government to provide grains as a palliative for the food insecurity plaguing Nigeria as an…
Nigerians cry out as price of rice hits N70, 000, cement N7, 000 a bag
Maureen Aguta
This is not the best of times for Nigerian families as the prices of goods and services reached the roof top due to the galloping inflation in the country.
Advocacy Times Market Intelligence gathered…
FIRS, MultiChoice agree to $37.3m tax settlement out of court
Maureen Aguta
South Africa’s multinational pay-TV company, MultiChoice Group, has announced reaching an agreement to settle out of court with the Nigerian government over tax claims.
MultiChoice had been entangled with…