Business

The rhythm of Nigeria's business world
Wakanda
1 min read
Title: "NDIC Pays N16.18 Billion in Dividends to Depositors of 20 Liquidated Banks" The Nigeria Deposit Insurance Corporation (NDIC) has taken a significant step towards resolving the fallout from the liquidation of 20 banks by declaring N16.18 billion in liquidation dividends. This...
Wakanda
2 min read
The Federal Government of Nigeria has made a significant policy decision to exempt Value Added Tax (VAT) on diesel for a period of six months. This announcement comes in the wake of ongoing discussions with various labor unions regarding their planned industrial action. Minister Mohammed Idris...
Wakanda
1 min read
BUA Group has announced a significant reduction in the price of cement, effective October 2, 2023. The cement manufacturer has fixed the ex-factory price at 3,500 NAIRA per bag, a move aimed at allowing Nigerians to enjoy the benefits of the price reduction before the completion of new...
Wakanda
1 min read
Google celebrated Nigeria's 63rd Independence Day with a special doodle on its homepage. The doodle featured Nigeria's national flag waving against a bright blue sky. In commemoration of the occasion, Google highlighted the significance of Nigeria's Independence Day celebrations, including the...
Wakanda
2 min read
As Nigeria approaches its 63rd Independence Anniversary, the Federal Government has entered into discussions with the World Bank regarding a potential $1.5 billion loan. The loan, known as 'Nigeria Human Capital for Opportunities and Empowerment' (HOPE), aims to strengthen systems for improved...
Wakanda
2 min read
In a bold move to revamp Nigeria's tax system, the Federal Government, under President Bola Tinubu's leadership, is embarking on an ambitious tax reform initiative. The primary objective is to shift a larger share of the tax burden onto the country's wealthier citizens while concurrently...
siteadmin
2 min read
A group of activist hackers in Nigeria are taking matters into their own hands to fight against environmental degradation caused by oil refinery pollution in the Niger Delta. Following a court ruling in the UK that found Shell not directly responsible for a 2011 oil spill in Nigeria's offshore...
Wakanda
1 min read
In a startling turn of events, the exchange rate of the Nigerian Naira against the US Dollar has taken a steep dive, reaching an alarming intra-day high of N851/$1 on September 26, 2023, within the Investor and Exporter (I&E) window, the official forex trading platform. This rate hasn't been...
Wakanda
2 min read
Dr. Olayemi Cardoso, the newly confirmed Governor of the Central Bank of Nigeria (CBN), has unveiled ambitious plans to boost the country's Gross Domestic Product (GDP) to $1 trillion within eight years. During his confirmation hearing before the Senate, Cardoso outlined strategies, including...
Wakanda
1 min read
Dr. Yemi Cardoso, the newly appointed Governor of the Central Bank of Nigeria (CBN), assured the Nigerian public during his Senate screening that the apex bank would not be susceptible to political influence under his leadership. Addressing Senate President Godswill Akpabio's inquiry about...
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