Business/Economy

Equity market loses N1.6tn in six days CHIGOZIE AMADI The Nigerian Stock Exchange extended its bearish trend to the sixth consecutive trading session, losing N1.6tn during this period. The All Share Index fell by 1.36 per cent,...

Firm, NIBSS partner to boost POS transactions CHIGOZIE AMADI Zone Payment Network Limited, formerly known as Appzone, has collaborated with the Nigeria Inter-Bank Settlement System to enhance POS transactions across the country. According to a statement made...

Shareholders of Transcorp Group smile, get N16.34bn interim dividends CHIGOZIE AMADI Shareholders of Transnational Corporation Plc (Transcorp Group), alongside its listed subsidiaries, Transcorp Hotels Plc and Transcorp Power Plc, have paid interim dividends to their shareholders...

We 've saved Nigeria billions of naira--NSC CHIGOZIE AMADI The Executive Secretary (ES) of the Nigerian Shippers’ Council (NSC), Pius Akutah, said it has saved Nigeria from spending billions of Naira by performing its statutory roles...

$500m FGN bond promising to economy, investors – Uwaleke CHIGOZIE AMADI A financial expert, Prof. Uche Uwaleke, says the recently unveiled 500 million dollars FGN bond will be of immense benefits to the economy and investors. Uwaleke,...

FG begins duty-free import of food items CHIGOZIE AMADI The Nigeria Customs Service has been directed to start the implementation of the zero per cent import duty and exemption of Value-Added Tax on basic food items,...

The recent decrease in the stock prices of the Dangote Group, which includes Dangote Sugar Refinery and NASCON Allied Industries, has been attributed to foreign exchange losses and the Securities and Exchange Commission’s decision...

FG to lose N188bn on food import waiver – Customs CHIGOZIE AMADI The Federal Government may forfeit N188.37bn worth of revenue due to the duty waiver granted for staple foods importation in six months, the Nigeria...

109 senators earn N1.4bn annually CHIGOZIE AMADI The Revenue Mobilisation Allocation and Fiscal Commission has said that each of the 109 senators in the upper chamber receives a total of N1.06m in salary and allowances per...

NSSF to train one million youths in healthcare advocacy CHIGOZIE AMADI The Nigerian Solidarity Support Fund has announced the launch of the “Ignite Campaign”, an initiative aimed at training and mobilising one million young Nigerians as...