nigeria business news

  1. Nigeria Business News

    Business Cadbury Nigeria gets female MD — first time ever – TheCable

    Cadbury Nigeria Plc has appointed Oyeyimika Adeboye as its first female managing director since the company was established in 1965. According to a notice posted on the... Read more via TheCable – Get more: Nigeria Business News
  2. Nigeria Business News

    Business Emefiele Foresees Three Per cent GDP Growth Rate in 2019 – Thisdaylive Newspaper

    The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, Thursday projected that the Nigerian economy would grow by three per cent in 2019, higher than the 1.93 per cent it achieved in 2018.... Read more via Thisdaylive Newspaper – Get more: Nigeria Business News
  3. Nigeria Business News

    Business CBN Rules Out Terminating Foreign Exchange Restriction Policy – Nairaland

    Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday vowed to sustain the policy on foreign exchange prohibition to raise domestic capacity, protect growing companies and create employment.... Read more via Nairaland – Get more: Nigeria Business News
  4. Nigeria Business News

    Business NNPC begins rehabilitation of 210,000bpd P’Harcourt Refinery – Newtelegraph

    The Nigerian National Petroleum Corporation (NNPC) has commenced the rehabilitation of the 210,000 barrels per day capacity of Port Harcourt Refinery Complex (PHRC). The rehabilitation was to bolster Nigeria’s effort at ensuring local sufficiency.... Read more via Newtelegraph –...
  5. Nigeria Business News

    Business Does the CBN’s N10,000 fine for delayed wrongful debit refunds still apply? – Nairametrics

    Recently, an angry Nigerian man took to Twitter to complain about how his mother’s account was wrongfully debited after a failed transaction, even as no refund has been made eight days later. According to Kehinde Olaoye, his mother tried to make a Point of Sale (POS) payment at … Read more...
  6. Nigeria Business News

    Business Nigeria generated N4.59tn from VAT in just 5 years – Nairametrics

    Nigeria generated a total sum of N4.59 trillion from Value Added Tax (VAT) in just 5-years. This is according to data from the National Bureau of Statistics, NBS. A cursory look at the revenue generated from VAT in Nigeria shows that VAT revenue has been on the rise … Read more via...
  7. Nigeria Business News

    Business West Africa Is The Least Trade Integrated Region In The World — Report – Nairaland

    The Economic Community of West Africa States, ECOWAS, is the least integrated region in the world in terms of cross border trade, a report by the Borderless Alliance group has said. According to the report, the non- application of ECOWAS directives relating to free movement of … Read more...
  8. Nigeria Business News

    Business Why Has The European Union Just Slapped Google With A Billion Dollar Fine? – Forbes

    Tech giant Google has just been slapped with a €1.49 billion ($1.69 billion) fine for breaching the European Union’s (E.U.) antitrust rules. The European Commission found Google guilty of abusing its market dominance because it imposed restrictive clauses in contracts with third-party...
  9. Nigeria Business News

    Business Google announces changes to ad services prior to $1.69 billion antitrust fine – PR Daily

    Google’s PR team was sent scrambling to make its position clear ahead of an expensive ruling in Europe. On Wednesday, the European Union delivered a $1.69 billion antitrust fine against Google—the third fine that the tech giant has received for interfering with competition..... Read more...
  10. Nigeria Business News

    Business FIRS refutes report of 50% VAT increase – TODAY.NG

    The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly proposed minimum wage. The Head, Communication and Servicom Department, Mr Wahab Gbadamosi, made this known in a statement …...
  11. Nigeria Business News

    Business CBN to bank customers: Report failed PoS deals – Newtelegraph

    The Central Bank of Nigeria (CBN) has urged bank customers in the country who have complaints about non-reversal of failed Point-Of Sale (PoS) transactions into their accounts not to hesitate to escalate their grievance to the apex bank’s Consumer Protection Department if they perceive that …...
  12. Nigeria Business News

    Business PoS transaction: NIBSS upgrades system – P.M. News

    Mr Niyi Ajao, the Acting Managing Director, Nigerian Inter-Bank Settlement System (NIBSS), says the company has upgraded its systems to accommodate an increase in the volume of Point-of-Sale (PoS) transactions. Ajao said told newsmen on Tuesday in Lagos that the company anticipated a … Read...
  13. Nigeria Business News

    Business ‘Africa Contributes 4% To Global Air Transport’ – Leadership Newspaper

    The International Civil Aviation Organisation (ICAO), said Africa presently accounts for four percent of the global air transport services and has the highest potential for growth out of other four global regions. The agency also noted that passenger’s and traffic specifically in the African...
  14. Nigeria Business News

    Business ‘95% clean-up necessary before oil exploration in Ogoniland’ – The Guardian Nigeria News

    The Federal Government has been advised to address the environmental degradation of Ogoni land by at least 95 per cent before discussing resumption of exploration activities in the oil-rich community. The Managing Director, Mudiame International Limited, Sunny Eromosele, who … Read more via...
  15. Nigeria Business News

    Business FG yet to remove 5% VAT in air transport – The Guardian Nigeria News

    About nine months into the Federal Government’s suspension of mandatory five per cent Value Added Tax (VAT) in air transport, airlines are yet to see the implementation.Airlines operators Monday… Read more via The Guardian Nigeria News – Nigeria and World News – Get...
  16. Nigeria Business News

    Business OFFICIAL: Access and Diamond have merged – Nairametrics

    In a notice sent to the Nigerian Stock Exchange (NSE) today, Access Bank Plc disclosed it had received the court sanction of its merger with Diamond Bank. The two lenders have thus become one entity. Prior to this: The banks had earlier this week, announced they had received … Read more via...
  17. Nigeria Business News

    Business BUA joins GTBank to sponsor the 2019 Lagos International Polo Tournament – Nairametrics

    GTBank was also present – The tire-1 bank, which has been at the forefront of supporting Polo, had earlier informed enthusiasts to anticipate the best of the 2019 tournament. “Some of the most renowned indigenous and international polo teams are set to converge in Lagos, Nigeria to compete for...
  18. Nigeria Business News

    Business Airtel rolls out 0901 new number plan – Vanguard News Nigeria

    Telecom operator, Airtel Nigeria, has announced a new number range, 0901, saying it will create opportunity for more Nigerians to sign onto the network straight on a 4G platform..... Read more via Vanguard News Nigeria – Get more: Nigeria Business News
  19. Nigeria Business News

    Business Pension assets rise by 15% to N8.6trn – Vanguard News Nigeria

    THE Pension Fund Assets rose by 15 percent to N8.6 trillion as at end December 2018 from N7.5 trillion recorded in the corresponding period of 2017. Vanguard analysis of the recent Pension Asset and Membership Data from the National Bureau of … Read more via Vanguard News Nigeria –...
  20. Nigeria Business News

    Business ID Africa acquires TheNETng to form MMC powerhouse – Vanguard News Nigeria

    Info Digital Africa, ID Africa, a digital agency said its acquiring NET Newspaper Limited, NNL, in order to expand its frontiers in the media and marketing communications, MMC industry.... Read more via Vanguard News Nigeria – Get more: Nigeria Business News