BUSINESS NEWS

Mr Haruna Abdullahi, the Acting Executive Chairman, Federal Capital Territory Internal Revenue Service (FCT-IRS), says plans are ongoing to enforce withholding tax (WHT) on rent. According to Abdullahi, the aim is to ensure that the Service increases its sources of revenue generation in order for it to meet its revenue target for the year. Abdullahi […]

The Central Bank of Nigeria (CBN) has barred Credit Guarantee Companies (CGCs) from accepting deposits among other things. The apex bank disclosed this yesterday in its guidelines for regulation and supervision of CGCs in Nigeria. According to CBN, its efforts to stimulate lending to Micro, Small and Medium Enterprises (MSMEs) facilitated the development of guidelines […]

Fidelity Bank Plc has disclosed plans to host a workshop for businesses looking to scale and expand their reach into new international markets. The training, which is scheduled for next month in Aba, Abia State, is being put together in collaboration with Export & Sell Limited -a trade enabling platform that facilitates the listing of […]

Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has said the apex bank and the participating financial institutions disbursed over N3 trillion in intervention loans to facilitate economic recovery since the COVID-19 pandemic. Emefiele said the intervention loans were disbursed to households, Small and Medium Scales enterprises, smallholders farmers to cushion the negative […]

United States’ tech giant, Google, has issued an urgent upgrade warning to its billions of Chrome users around the world to address a bug. Google issued the warning on its official Chrome blog, revealing that Chrome on Windows, macOS and Linux is vulnerable to a new ‘zero-day’ hack (CVE-2022-1096). The company said it “…is aware that an […]

The Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, has stated that the federal government through the Ministry has released the sum of N142.6M for the purpose of research development in the Mineral and Metal Sector. Adegbite stated this in Abuja, Tuesday, on the occasion of the stakeholders Validation Exercise for the Research Development […]

The Federal Competition and Consumer Protection Commission (FCCPC) says it now receives over 100 complaints daily from consumers regarding poor services by firms and service providers, a figure that is relatively small for the whole country but significantly higher than the past. The agency, formerly the Consumer Protection Council, said before now it received an […]

Nigeria’s currency on Tuesday depreciated by 0.18 percent to close at N417.00 per dollar, compared to the last close of N416.25 on Monday at the Investors and Exporters (I&E) forex window. This came a day after the Central Bank of Nigeria (CBN) kept its benchmark interest rate known as the Monetary Policy Rate (MPR) at 11.5 percent. […]

With effect from April 1st, MultiChoice Nigeria has released new adjusted prices for both Dstv and Gotv packages, with concessions to cushion the price adjustments. The new DStv Package prices Premium, N21,000, Compact + N14,250, Compact, N9,000, Confam, N5,300, Yanga N2,950 Padi N2,150 Business N2,669, Xtraview + PVR access fee N2,900 While GOtv subscribers will have this New […]

Self-styled ‘wahala’ singer, Habeeb Okikiola aka Portable has bagged multimillion naira endorsement with billionaire businessman, Obi Cubana. Portable was made brand ambassador to newly launched herbal drink by nightlife boss, Obi Cubana. The ‘zazu’ crooner made the announcement on his Instagram page where he shared several videos spotting the brand’s shirt in the company of […]