Business

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that the implementation of Value Added Tax (VAT) increase from five per cent to 7.5 per cent will take effect from February 1, 2020. Mrs. Ahmed said this…

........ 15 ways new finance bill will change Nigeria The finance bill signed by President Muhammadu Buhari will affect Nigeria’s economic space in more ways than one. Checks by TheCable showed that the bill amends 80 provisions…

The availability of loans without collateral will fall in the first quarter of the year, the Central Bank of Nigeria, CBN has said. The statistics department of the apex bank gave this indication in its Credit Conditions Survey Report…

Asian stocks had their best session in weeks on Thursday, as the U.S. and Iran backed away from the brink of conflict in the Middle East and investors reversed their flight to safety. U.S. President Donald Trump responded to an Iranian…

The Nigerian Electricity Regulatory Commission (NERC), says the minor review order released by the Commission on January 3 has no immediate impact on end-user tariffs. Mr Usman Arabi, NERC’s General Manager Public Affairs…

Some bank customers have frowned at their banks’ for not complying with the new guidelines for charges on Automated Teller Machine (ATM), released by the Central Bank of Nigeria (CBN). Some of the customers who spoke to the News Agency…

The African Development Bank (AfDB), says its portfolio investments in the Economic Community of West African States (ECOWAS) region is 20 billion dollars. This is contained in a statement released by the bank’s Communication and…

Africa’s growing youth population, rapid urbanisation and the increased purchasing power of these consumers, are key factors that are driving this massive US$500 billion retail ecosystem. This high growth industry needs to be equipped…

The Central Bank of Nigeria (CBN) has announced a new regime of charges banks can levy on their customers, including on Automated Teller Machine (ATM) transactions. In a move that would boost the Christmas spirit of bank customers, the…

The African Development Bank’s (www.AfDB.org) Board of Directors has approved a $60m loan to Elnefeidi Group Holding Company to help finance its long-term agriculture and food expansion programme. The planned expansion includes…