By Esther Agbo The proposed recapitalisation in Nigeria’s insurance sector has sparked significant debate among industry stakeholders, with opinions divided on whether it will serve as a catalyst for growth or an impediment to new entrants. Experts highlighted that while…
By Esther Agbo As Nigeria’s economy continues to evolve, the Federal Government is preparing to introduce a comprehensive overhaul of the nation’s tax laws by September. At the heart of this reform is the inclusion of long-overdue regulations for the…
The naira on Thursday recorded a gain of 1.38 percent on the official foreign exchange (FX) market following increased dollar supply by market players. After trading on Thursday, the dollar was quoted at N1,564.48 compared to N1,586.04 quoted on Wednesday…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s foreign reserves grew by four billion dollars since January. Edun said this on Thursday in Lagos, at an investor meeting for the issuance of $500 million…
The Oyo State Government has partnered the First City Monument Bank (FCMB) on a N1.5 billion loan scheme for youth entrepreneurs in agribusiness. The state’s Commissioner for Agriculture, Mr Olasunkanmi Olaleye, disclosed this while briefing journalists on the outcome of…
…As stakeholders plead with CBN to halt rate hike, give room for sector recovery A recent report by the Manufacturers Association of Nigeria (MAN) has revealed that the Chief Executive Officer (CEO) Confidence Index in the manufacturing sector has dropped…
By Seun Ibiyemi The Nigeria Customs Service, on Wednesday, released import guidelines for for the implementation of a Zero Percent Duty Rate and Value Added Tax (VAT), exemption on selected basic food items. In a press statement by the service…
President Bola Tinubu has arrived Malabo, the capital of Equatorial Guinea, for a three-day official visit, which will include signing of petroleum resources, security agreement. President Tinubu, who arrived the Presidential Wing of the Malabo International Airport at about 2.07…
The Nigeria Customs Service (NCS) has announced that it will forgo N188.37 billion in import duties following the Federal Government’s directive to remove tariffs and other import duties on key food staples. The Comptroller-General of NCS, Adewale Adeniyi, made this…
The Manufacturers Association of Nigeria (MAN) has thrown its weight behind the tax incentive initiative stating that it will help reduce production costs and encourage innovation in the country. The Director-General of MAN, Mr. Segun Ajayi-Kadir, stated this during…
