Business

The NAIDP plan of 2013 was meant to grow the volume of locally assembled vehicles by raising tariffs on imported cars but this has so far failed to happen. Instead, the number of vehicles smuggled through the land borders has continued to…
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The plan, which will go to the National Assembly for approval, targets to relieve pressure on the country’s debt service, which is currently consuming about 40 percent of government revenues. Officials say the plan is to borrow more in…
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Crude oil is holding its gains in late trading Thursday following official data showing US crude inventories fell more than expected, trimming the supply glut in the market.
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The Senate Joint Committee on Customs, Excise and Tariff and Marine Transport, handling the investigation had invited 63 firms accused of complicity in the scam but only 33 honoured the invitation. The order to arrest the companies’…
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The BBB+ rating indicates that the bank has a fair financial strength, operating performance and business profile when compared to the established standards. It further indicates that the bank has the ability to meet its on-going…
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Sani, in his report noted that the committee resolved to consider the railway project due to its importance and urgency to fast track the development of critical infrastructures in the country.
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Bleaker days may be ahead for the survival of Nigeria’s oil-dependent economy, as the ban on petrol and diesel cars by European countries is gaining traction. The trend suggests US shale producers are perhaps less a threat to oil than the…
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Africa Prudential had previously won several awards, including International Quality Crown Award, London 2013; Top 25 CEOs Award, BusinessDay 2014; Best Profit Margin Ratio and Best Corporate Governance Awards, Pearl Awards 2015
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In carrying out the government’s decision, Shittu said that the National Economic Council had approved a policy to harmonise Right of Ways charges payable by telecommunications companies on local, state and federal highways
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The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, which is the benchmark lending rate, at the current 14 per cent. The decision to leave the rate unchanged was contrary to…
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