Business

The country’s debt profile has risen to N16.29tn, the Debt Management Office has said. Statistics obtained from the DMO on Tuesday showed that the country’s total debt liability had risen to N16.29tn as of June 30, 2016. As of June 2015,…
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For denying him visa and banning him from entering the United States (U.S.), the owner of Eko Hotels, Lagos, Gilbert Chagoury, has sued the U.S. government. Chagoury, a big donor to the Clinton Foundation, has a home in Beverly Hills,…
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The National Bureau of Statistics on Friday said that the Consumer Price Index which measures inflation increased year-on-year from 17.1 per cent in July to 17.6 per cent in the month of August. The bureau in the CPI report for the month…
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Tokyo authorities have imposed a back tax of $118 million on an Apple subsidiary over money transfers to Ireland, reports said Friday, as the IT giant’s tax payments come under global scrutiny. The Tokyo Regional Tax Bureau ordered…
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President Muhammadu Buhari on Thursday challenged participants of the 2016 Cabinet Retreat on the economy to formulate pragmatic proposals on how best to tackle Nigeria’s economic recession. Speaking at the opening of the retreat in Abuja,…
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Chairman of Arik Airline, Joseph Arumemi-Ikhide, has described economic policies by the President Muhammadu Buhari-led government as the reason why airlines are folding up. Buhari’s Policy also faulted Forex policies by the Central Bank of…
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The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has said that Nigeria spends about $22bn a year on importation of food. Lokpobiri made this known on Saturday at a town hall meeting in…
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Senator Dino Melaye of the All Progressives Congress (APC), has called on President Muhammadu Buhari to take measures to remedy what he described as a “debilitating economic malaise” that is drifting Nigeria towards a “dangerous precipice.”…
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