Business/Economy

.Wants president to raise oil production to 2.4m bpd, pay down debts, others  CHIGOZIE AMADI As the current economic situation in Nigeria keeps worsening and defiling government’s policy measures, the Senior Partner at the Olisa Agbakoba...

CBN Sells $148m to Authorised Dealers CHIGOZIE AMADI Central Bank of Nigeria (CBN) yesterday, disclosed that it sold a total of $148 million to Authorised Dealers Banks (ADBs) in the Nigerian Foreign Exchange Market (NFEM) to...

*Says debt service costs dipped from 97% to 68%  *Insists subsidy on PMS ‘technically gone’  *Govt set to float $500m dollar-denominated local bond   *Cites impediments to immediate implementation of Supreme Court verdict on local governments  CHIGOZIE AMADI Minister...

FIRS Explains Clarifies Taxation, Adjustments to Foreign Currency Transactions   CIGOZIE AMADI The Federal Inland Revenue Service (FIRS) has issued clarification on relevant adjustments that may henceforth be required to determine the tax position from foreign currency...

NCS Comptroller: Onne Customs Generated over N48.056b in July CHIGOZIE AMADI Nigerian Customs Service (NCS), Area 2 Command, Onne, Rivers State, said it generated over N48.056 billion in the month of July this year. Comptroller of the...

Federal Mortgage Bank refunds N12bn wrongful deductions CHIGOZIE AMADI The Federal Mortgage Bank of Nigeria has refunded N12bn out of the outstanding N19bn wrongful deductions of the National Housing Fund contributors. The deductions were misconstrued as revenue...

Sugar Tax: MAN, NECA Commend FG, Call for its Permanent Suspension CHIGOZIE AMADI The Manufacturers Association of Nigeria (MAN) and the Nigeria Employers Consultative Association (NECA) has commended the move by the federal government to temporarily...

NEITI Stakeholders to Track Utilisation of 30% Frontier Exploration Fund CHIGOZIE AMADI Stakeholders on the board of the Nigeria Extractive Industries Transparency Initiative (NEITI) have expressed their resolve to monitor and track the utilisation of some...

Investors’ Interest in Zenith Bank, 22 Others Lift Stock Market CHIGOZIE AMADI The stock market yesterday saw a bullish performance as investors buy interest in Zenith Bank Plc and 22 others led the 0.03 per cent marginal increase in Nigerian Exchange...

NECA: Private Businesses Beset with Innumerable Challenges CHIGOZIE AMADI The immediate past President of Nigeria Employers’ Consultative Association (NECA), Mr. Taiwo Adeniyi, has lamented that private businesses in Nigeria are besetted with innumerable challenges that have...