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Economy
Appeal Court bars Rivers, Lagos from collecting VAT
The Court of Appeal, Abuja Division has ordered the government of Rivers and Lagos states to refrain from any action giving effect to the August 9, 2021 judgment of Rivers State High Court, which conferred powers on Rivers State to collect…
Netz Capital launched by Luca Schnetzler making angel investments and funding renowned startup…
Angel investing enterprises are those venture capitalists who pinpoint the gratifying and inventive ideas of new start-ups and furnishes capital for setting up their businesses in consideration for convertible debt or ownership equity.…
How Did the COVID-19 Pandemic Affect the Global Economy?
The beginning of the year 2020 brought something unexpected, and most certainly unwanted, something that had an impact on the humankind which reached a global scale - the SARS-CoV-2 virus, widely known simply as the Coronavirus. What…
Oil eases as COVID-19 fears offset gasoline recovery signs
Oil prices drifted lower on Thursday as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand.
U.S. West Texas Intermediate (WTI) crude futures fell 14 cents, or 0.3 per…
CBN will unify exchange rate
Governor of the Central Bank of Nigeria, Godwin Emefiele says the bank will pursue the unification of the naira exchange rate around its NAFEX.
This is as the bank’s director of corporate communication, Isaac Okorafor insisted that…
ECOWAS transit trade: Nigeria Customs wants neighbouring countries’ compliance
The Nigeria Customs Service on Tuesday said that the government would continue to engage neighbouring countries on the need to comply with the Economic Community of West African States (ECOWAS) protocols on transit trade.
Its Comptroller…
SAIPEC partners PETAN on tech conference
THE Sub-Saharan African International Petroleum Exhibition and Conference (SAIPEC) sets to partner Petroleum Technology Association of Nigeria (PETAN) on technology conference aimed at boosting West African producers’ operations.
The…
Nigeria’s financial inclusion rate now 63.2% – CBN report
The Central Bank of Nigeria (CBN) on Monday said the country’s financial inclusion rate stood at 63.2 per cent in 2018.
The bank said this in the 2018 Annual Report on the National Financial Inclusion Strategy Implementation posted on…
Our economic recovery plan working ― Buhari
President Muhammadu Buhari has assured that his administration’s Economic and Recovery Growth Plan launched in 2017 is creating the enabling environment for growth, security, and economic revival.
He made the declaration in a goodwill…
Experts task FG on revenue growth
SOME economic experts in Ibadan on Tuesday urged the Federal Government to be proactive in growing its internally generated revenue to check the country from sliding back into recession.
The News Agency of Nigeria (NAN) reports that the…