nairametrics news
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Business China to pay $261.4 million for production of Made-in-Nigeria transformers – Nairametrics
As the “Buy Made-in-Nigeria products” campaign is gradually gathering momentum due to the support of the Federal Government, some engineers and technicians are getting closer to manufacturing made-in-Nigeria transformers. This, the Nigerian government believes, will solve the electricity...- Nigeria Business News
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Business Nigeria will enjoy foreign investments before December, IMF predicts – Nairametrics
Despite the rising debt profile especially from China, the International Monetary Fund (IMF) has predicted better times for Nigeria, stressing that financial conditions in Nigeria favoured more foreign investments. This was disclosed by Evan Papageorgiou, Deputy Division Chief, Monetary and...- Nigeria Business News
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Business IGI cuts 60 jobs, as MD seeks turnaround measures – Nairametrics
60 employees engaged with Industrial and General Insurance (IGI) Plc have allegedly lost their jobs due to prolonged liquidity issues encountered by the company. Nairametrics gathered that sack letters were distributed to the affected workers through WhatsApp. .. Read more via Nairametrics...- Nigeria Business News
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Business Buhari enjoined to appoint Emefiele, others in Economic Advisory Council – Nairametrics
President Muhammadu Buhari has been urged to include the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, the Minister of Finance, Zainab Ahmed as well as some other ministers in the Economic Advisory Council (EAC). This was said by the Managing Director/Chief Executive Officer...- Nigeria Business News
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Business Bureaux De Change operators warn against proposed VAT increment – Nairametrics
The Association of Bureaux De Change Operators (ABCON) has warned the Federal Government against the proposed increment in Value Added Tax (VAT). While condemning the Federal Government’s move to expand the VAT net and increase it, the Bureaux De Change operators unanimously said it was a...- Nigeria Business News
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- association of bureaux de change operators (abcon) naija news today 141019 nairametrics news nigeria business news value added tax (vat)
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Business CBN clears air on Diaspora Remittances, official inflows $2.6bn not $26bn – Nairametrics
The Central Bank of Nigeria (CBN) has disclosed that the official inflows of the remittances of Nigerians living abroad to the country was $2.6 billion and not $26 billion as quoted in some quarters..... Read more via Nairametrics – https://ift.tt/2IO16w9 Get more: Nigeria Business News- Nigeria Business News
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Politics Fashola makes case for VAT, drums support for 2020 budget – Nairametrics
Giving an explanation on how the proposed Value Added Tax (VAT) will be shared, Minister of Works and Housing, Babatunde Fashola, noted that the bulk of the money would be enjoyed by the States and.... Read more via Nairametrics – https://ift.tt/2orTDvQ Get More Nigeria Political News- Nigeria Political News
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Politics APC is “locked inside Buhari’s intellectual prison” – Feyi Faweyinmi – Nairametrics
On Friday, October 11th, 2019, Nairametrics had an interesting tweet chat with Feyi Faweyinmi, a UK-based accountant and finance professional whose experiences cut across banking, insurance, and asset management..... Read more via Nairametrics – https://ift.tt/2MyeAgE Get More Nigeria...- Nigeria Political News
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Politics 2020 Budget : Presidency to upgrade presidential fleet with N1.5 billion – Nairametrics
The Presidency intends to upgrade some of the aircraft in the Presidential Air Fleet (PAF) next year with a proposed sum of N1.492 billion. This information was contained in the.... Read more via Nairametrics – https://ift.tt/2q8bDM7 Get More Nigeria Political News- Nigeria Political News
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Business Adeleke confirmed as NCC Executive Commissioner by the senate – Nairametrics
Barr. Adeleke Adewolu has had his nomination as an Executive Commissioner of the Nigerian Communications Commission (NCC) confirmed by the Senate yesterday. This occurred after the consideration and adoption of the report of the Senate Committee on Communications led by Senator Oluremi Tinubu...- Nigeria Business News
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Business Finance Minister, Zainab Ahmed says Nigeria’s VAT collection rate is low – Nairametrics
As the Nigerian Government is trying to raise revenue through the increase of Value Added Tax (VAT), the Minister of Finance, Budget and National Planning, Zainab Ahmed has lamented Nigeria’s poor collection rate of VAT, saying it is 0.2%, lower than the African average of 0.33%..... Read...- Nigeria Business News
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Business Power sector records N2.2 billion loss, here is why – Nairametrics
The Nigerian power sector as at Friday, October 5, 2019, recorded an estimated N2.2 billion loss. As disclosed in a daily energy report by the Advisory Power Team office of Vice President Yemi Osinbajo, the loss recorded was..... Read more via Nairametrics – https://ift.tt/2ANOjVX Get more...- Nigeria Business News
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Business Dangote Tomatoes CEO seeks total ban on tomato import – Nairametrics
Nigeria’s biggest tomato plant owned by the billionaire, Aliko Dangote has called on the Federal Government to ban the importation of tomatoes. The Managing-Director of Dangote Tomatoes Processing Plant, Abdulkarim Lawal Kaita, told reporters that, for the Federal Government to sustain the...- Nigeria Business News
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Business Nigeria to partner Britain on job creation – Nairametrics
The Federal Government has disclosed plans to partner with the British Government in order to create job opportunities and tackle the issue of unemployment in the country. This was announced by the Minister of State for Labour and Employment, Mr. Festus Keyamo, when the Political Counsellor...- Nigeria Business News
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Business Senate rejects VAT increase, proposes 9% tax on SMS, Data usage, others – Nairametrics
The Nigerian Senate has fully rejected the proposed 7.5% Value Added Tax (VAT) currently planned by the Federal Government to take effect by January 2020. The disclosure of the rejection was made available by the Chairman of the Senate Committee on Army, Senator Ali Ndume, while speaking …...- Nigeria Business News
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- abuja news naija news today 031019 nairametrics news nigeria business news sen. ali ndume news senate rejects vat increase news
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Business Buhari to release N600 billion for capital expenditure in 3 months – Nairametrics
President Muhammadu Buhari has disclosed that his administration would release the sum of N600 billion for Capital Expenditure between October and December 2019. The President, who revealed this during his 59th Independence Day speech earlier on Tuesday at the State House, Abuja, explained...- Nigeria Business News
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Business CBN increases LDR to 65%, sets December deadline – Nairametrics
The Central Bank of Nigeria (CBN) has issued a fresh circular mandating commercial banks operating in the country to lend out up to 65% of their customer deposits. In a new circular addressed to all banks obtained by Nairametrics, the CBN disclosed that the minimum Loan to Deposit Ratio (LDR)...- Nigeria Business News
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Business Firstbank targets 500,000 agents to boost financial inclusion – Nairametrics
With a view to enhance financial inclusion across the country, First Bank of Nigeria Limited has announced its drive to get up to 500,000 operators on board its agent banking platform. This was disclosed at the opening ceremony of the 12th Annual Conference of the Chartered Institute of...- Nigeria Business News
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World Saudi Aramco Ramps up IPO Preparations Despite Weakened Demand Outlook – Nairametrics
67 years until Nigeria exhausts proven gas reserves As at the end of 2018, Nigeria’s total proven gas reserves were 202Trillion Cubic Feet (TCF), 37.26% of the total African deposits. With these reserves, Nigeria is second to none in Africa, and 9th in the world. The potential is even …...- Nigeria World News
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Business NNPC transfers stake in four oil wells to NPDC – Nairametrics
The Nigerian National Petroleum Corporation (NNPC) has signed an agreement with Nigeria Agip Oil Company (NAOC) and Oando for the transfer of its stake in four oil wells to the Nigerian Petroleum Development Company (NPDC), its upstream arm. The four oil blocks divested to NPDC are Oil...- Nigeria Business News
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