The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stood at N11,722.44 billion in the fourth quarter of 2022. This is according to the NBS Foreign Trade in Goods Statistics Report for Q4 2022 released in Abuja on Friday. The NBS said total exports stood at N6,359.61 billion and total imports stood at […]Continue Reading
Business
Commercial banks in some satellite towns of the Federal Capital Territory (FCT) had yet to start cash payment, leaving customers stranded and frustrated in spite of the Supreme Court ruling. The News Agency of Nigeria (NAN) correspondent who monitored banks in Nyanya, Mararaba and Karu in Abuja on Tuesday, reports that none of the banks […]Continue Reading
President Muhammadu Buhari has called on developed and developing nations to grant duty-free and quota-free market access for products originating from the world’s 46 least-developed countries. He said that this would ensure their integration in regional and global value chains. Malam Garba Shehu, the President’s spokesman in a statement, said Buhari made the call in […]Continue Reading
The Intergovernmental Group of 24 on International Monetary Affairs and Development (G24) has announced the appointment of Dr Iyabo Masha, as its Director. The international organization stated this in a statement issued in Washington DC on Friday and made available to newsmen on Sunday in Abuja. The News Agency of Nigeria, (NAN) reports that the […]Continue Reading
Kaduna residents have turned to petrol filling stations for salvation in their desperate search for cash to satisfy their pressing needs, reports the News Agency of Nigeria (NAN). This development is sequel to scarcity of cash in Automated Teller Machines (ATM) of most banks in the metropolis, just as PoS operators have closed shop for […]Continue Reading
….AS Buhari dedicates Kaduna Fair to Dangote Group As part of strategies to expand market share and reach more customers, the management of the Pan-African conglomerate, Dangote Group has announced its partnership with Ogun and Kaduna states Chamber of Commerce and Industry to stage this year’s International Trade fair with a promise to invest more […]Continue Reading
Cashless monetary policy is the way to go, but Nigeria needs to deepen digital literacy as the starting point. By Daniel Adaji Key points: Internet penetration is barely above average Digital literary is also not impressive 36 per cent of Nigerians, over 50 million, are not literate Poor Nigerians cannot procure android mobile phones for […]Continue Reading
The Nigerian Exchange Ltd. (NGX) has set up NGX Digital and Technology Products Advisory Panel (The Panel) as part of efforts in advancing its digital transformation agenda. The Exchange said this in a statement issued by Mr Clifford Akpolo, Head, Marketing and Corporate Communications, NGX, on Tuesday in Lagos. The statement said the panel would provide […]Continue Reading
The Federal Inland Revenue Service (FIRS) yesterday signed a Memorandum of Understanding (MoU) with the Lagos Internal Revenue Service (LIRS) where the two tax authorities would collaborate on joint tax audit, investigation and automatic exchange of information. The MoU signing ceremony which took place at the State House, Marina, Lagos State, Monday was executed by […]Continue Reading
The Federal Government has expressed its readiness to partner with the Indian Government on total eradication of fake Nigerian passports into India. The Minister of Interior, Mr Rauf Aregbesola said this in a statement issued by the Deputy Director of Press and Public Relations in the ministry, Mr Afonja Ajibola, on Sunday in Abuja. According […]Continue Reading
The Nigerian National Petroleum Company Limited (NNPCL) and Daewoo Engineering Construction Nigeria Limited have signed a maintenance service contract for the quick-fix repairs of the Kaduna Refining and Petrochemical Company Limited (KRPC). Group Chief Executive Officer, NNPCL, Malam Mele Kyari and CEO of Daewoo E&C Nigeria, Mr Jung Taewon, signed the contract on Continue Reading
By Daniel Adaji The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami, has stated that his recognition by the LEADERSHIP Awards as the Newspaper’s Public Service Person of the Year 2022 is a morale booster for the Service to do more. Mr. Nami stated this while speaking to journalists after receiving the […]Continue Reading