The Presidential Enabling Business Environment Council (PEBEC) has ranked Gombe as the state which provides the friendliest environment for business in Nigeria. This is contained in the council’s 2023 Subnational Ease of Doing Business (EoDB) report. This is the second time Gombe will clinch the top spot. The state had emerged the overall best when […]Read More
There was major Uproar on Wednesday as members of House of Representatives clashed on over a bill seeking to legalise cultivation, sale and use of cannabis, also known as marijuana for commercial purposes. Two members of the House, Benjamin Kalu and Olumide Osoba, had sponsored a fresh bill seeking to amend the National Drug Law […]Read More
The Federal Government has disclosed that it is expecting no less than 25,000 metric tonnes of wheat from war-torn Ukraine. Minister of Agriculture and Rural Development, Mohammad Mahmood Abubakar made the disclosure on Wednesday, after the Federal Executive Council (FEC), meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja. Beyond the wheat […]Read More
The Central Bank of Nigerias’ Monetary Policy Committee has voted to jack-up the benchmark interest rate by 50 basis points to 18 per cent. The CBN Governor, Godwin Emefiele, disclosed this while reading the communiqué of the second MPC meeting of the year on Tuesday. Addressing journalists at the end of the two-day meeting in […]Read More
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), is working with other stakeholders to mitigate the slight tightness being experienced in the distribution of Premium Motor Spirit (PMS). Mr. Farouk Ahmed, Authority Chief Executive, NMDPRA made this known in a statement on Sunday. He said that operations in loading depots have fully resumed, following […]Read More
The World Bank Group President, David Malpass has announced his intention to step down from his position by the end of the Bank Group’s fiscal year on June 30. This is contained in a statement obtained from the World Bank website on Thursday According to the statement, Malpass, who has served more than four years […]Read More
The Central Bank of Nigeria, CBN, has urged Nigerians to embrace alternative payment channels like the eNaira and internet banking in the face of the cashless policy. This is against the backdrop of challenges being faced by Nigerians sequel to the naira redesign and the naira swap. The Director, Corporate Communications Department of the CBN, […]Read More
The Naira on Thursday exchanged at 461.10 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.02 per cent compared with the 461.17 it exchanged on Wednesday. The open indicative rate closed at N461.25 to the dollar on Thursday. An exchange rate of N462 to the dollar was the […]Read More
The Kaduna State Internal Revenue Service has confirmed that it will deploy the use of WhatsApp, a social media platform and the Unstructured Supplementary Service Data service to enhance less cost effective method of payment of tax. The Executive Chairman of the state revenue service agency, Dr. Zaid Abubakar, made this known on Wednesday during […]Read More
Former President Olusegun Obasanjo over the weekend met with the Governor of Kaduna State, Nasir El-Rufai at the Federal Capital Territory (FCT), Abuja. The two met at the first Stakeholders’ meeting of the Democratic Republic of Congo (DRC)-Nigeria Business Council held at the Sheraton Hotel, Ikeja at the weekend. At the meeting, Obasanjo, who is […]Read More
The Board of Directors of the African Development Bank Group (AfDB) has approved a dual-currency Trade Finance Line of Credit for ECOWAS Bank for Investment and Development (EBID) comprising $50 million and €50 million. In a statement yesterday, the AfBD stated that an additional co-financing of $30 million for the credit line would come through […]Read More
Peter Obi, the Presidential Candidate of the Labour Party, LP, has described the lowering of Nigeria’s credit rating by Moody’s Investors Service from B3 to junk bonds as worrisome. A statement by the former Anambra governor on Wednesday said the downgrade sends signals to the global community of the country’s current bleak economy. Obi said […]Read More
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