Nigeria requires 19m jobs annually to solve unemployment crisis
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Business
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Nigeria requires 19m jobs annually to solve unemployment crisis

Webby - November 18, 2020

Nigeria must create about 19 million jobs every year in order to solve the rising unemployment problems in the country, the Chairman of the Presidential Economic Advisory…

Nigerian Manufacturing sector records growth first growth in seven years
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Business
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Nigerian Manufacturing sector records growth first growth in seven years

Webby - November 18, 2020

The Nigerian manufacturing sector records for the first time in seven months recorded positive growth in the month of November, according to the Manufacturing Purchasing Manager Index…

High cost of food items driving Nigeria’s inflation rate, says expert
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Business
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High cost of food items driving Nigeria’s inflation rate, says expert

Webby - November 16, 2020

Prof Uche Uwaleke of Nasarawa State University, says the rising cost of food items is the major driver of inflation in Nigeria, noting that even during this…

Crude oil sale: AGF queries NNPC, CBN over missing N3.235trn
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Business
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Crude oil sale: AGF queries NNPC, CBN over missing N3.235trn

Webby - November 16, 2020

The Auditor General of the Federation has queried the Nigeria National Petroleum Corporation (NNPC) and the Central Bank of Nigeria (CBN) for not remitting about N3.235 trillion…

CBN’s action on #EndSARS promoters’ accounts reckless, says Banire
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Business
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CBN’s action on #EndSARS promoters’ accounts reckless, says Banire

Webby - November 16, 2020

Former legal adviser to the All Progressives Congress (APC) Muiz Banire, has described the freezing of bank accounts of #EndSARS promoters by the Central Bank of Nigeria…

Two Nigerian Traders In Ghana Attempts Suicide Over Imposed $1million Business Tax
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Business
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Two Nigerian Traders In Ghana Attempts Suicide Over Imposed $1million Business Tax

Webby - November 16, 2020

Two Nigerian traders in Ghana reportedly attempted suicide over the $1million business equity imposed by the Ghanaian authorities. The Chairman, Nigerians in the Diaspora Commission (NIDCOM), Abike…

Cost of transportation, major driver of inflation rate, says Zainab
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Business
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Cost of transportation, major driver of inflation rate, says Zainab

Webby - November 15, 2020

Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has revealed that the inflation rate in Nigeria is largely driven by the cost of transportation.…

Why FG will not grant tax waivers to businesses – FIRS
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Business
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Why FG will not grant tax waivers to businesses – FIRS

Webby - November 14, 2020

Executive Secretary of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, says with the economy facing challenges caused by the pandemic, the FG had no plans…

NNPC Fails To Remit $21billion To Federation Account — Revenue Commission
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Business
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NNPC Fails To Remit $21billion To Federation Account — Revenue Commission

Webby - November 14, 2020

By Adejumo Enock The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has accused The Nigerian National Petroleum Corporation (NNPC) of non – remittance of $21 billions to…

Naira slides further as forex demand pressure intensifies
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Business
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Naira slides further as forex demand pressure intensifies

Webby - November 13, 2020

The Naira depreciated further against the dollar, closing at N468/$1 at the parallel market on Thursday, November 12, 2020, as demand pressure in the foreign exchange market…