Business news
Nigerian airlines and their counterparts across Africa recorded a five per cent demand increase in 2019, the International Air Transport Association, has said. According to the IATA, the airlines recorded a capacity increase of 4.5 per cent while load factor went up by 0.3 percentage point to 71.3 per cent. The association stated in its […]
The Executive Chairman of the Federal Inland Revenue Service, Mr Muhammad Nami, has said that the tax collection reform currently being implemented by the service under his watch will help to block about $10bn tax leakage by multinational companies. He said this on Friday in Abuja at the opening session of the FIRS’ 2020 management […]
SUNU Assurances Nigeria Plc., a member of SUNU Group which has the vision to be a leading African Insurance Company as it is on a mission to be an insurance company recognized for excellent client services, using cutting edge technology, motivated workforce and good business ethics to meet stakeholders’ expectations has announced the promotion of […]
U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa. This partnership ensures businesses are equipped with the technical and financial tools they need to enter into new trading and […]
There are indications that Organisation of Petroleum Exporting Countries (OPEC), and `its allies, especially Russia, will further cut oil supply by 500,000 barrels per day (bpd), a situation that would worsen economic realities in Nigeria. In the proposed Nigeria’s 2020 budget is predicated on 2.18 million bpd at a price of $57 per barrel, while […]
THE House of Representatives is poised to investigate the circumstances leading to the entrapment of N13 billion belonging to Nigeria Export Import Bank (NEXIM). The Chairman, House Committee on Public Accounts, Oluwole Oke, in a chat, said the committee will not only investigate the issue, but also make efforts to recover the funds as it […]
THE Federal Government was eyeing the mining sector as an alternative source of revenue generation in the country, the Minister of Mines and Steel Development, Architect Olamilekan Adegbite, has said. He spoke during the extension service programme organised by the ministry for Registered and Performing Mining Cooperatives, Small Scale Mining Companies and Quarrying Association, at […]
THE Nigerian Supreme Council for Islamic Affairs (NSCIA) and the Christian Association of Nigeria differed on Wednesday on President Muhammadu Buhari’s assertion that 90 per cent of insurgency victims in the country are Muslims. While the NSCIA supported the President’s claim that more Muslims are killed than Christians, CAN described Buhari’s claim as “unfounded, false, […]
Experts on Neglected Tropical Disease (NTDs) converged in Abuja recently to hold the first World Neglected Tropical Disease Day in Nigeria. The aim is to review its activities, discuss progress and proffer solutions to some of the challenges in eliminating the Epidemic in Nigeria. The Minister of Health, Dr. Osagie Ehanire according to a press […]