Business

The Nigerian Textile Manufacturers Association (NTMA) says inclusion of textile and garments in the Central Bank of Nigeria (CBN)’s foreign exchange restriction list will catalyse rapid growth and development. The Director-General of…

Mr Mohammed Sidi, Director, Weights and Measures Department, Federal Ministry of Industry, Trade and Investment, says that oil dealers have been cheating Nigerians of N198,500 per truck sold. Sidi said this in Abuja during a surveillance…

The MTN Group says it would list Nigerian Stock Exchange (NSE) in the first half of 2019, after recording very positive trade numbers in 2018 fiscal year. The telecommunication giant made this disclosure in a mailed statement seen on…

The Central Bank of Nigeria (CBN), says it will issue loans at five per cent and with no collateral to Small and Medium Enterprises (SMEs) through the NIRSAL Micro Finance Bank (MFB). The CBN Governor, Mr Godwin Emefiele, said this at…

The euro fell towards a one-week low on Tuesday as the dollar gained broadly and investors began pricing in more caution from the European Central Bank at its meeting on Thursday. The ECB is facing growing pressure to address the question…

 The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion  in 10 years due to non-review of the 1993 Production Sharing Contracts (PSC) with oil companies. This was one of the…

The National Bureau of Statistics (NBS), said the country recorded a total trade value of N32.26 trillion year-on-year in 2018, representing 39.3 per cent increase over the corresponding period in 2017. The trade value for 2017 stood at…

The Central Bank of Nigeria (CBN), said the Manufacturing Purchasing Managers’ Index (PMI) stood at 57.1 index points as at February, indicating an expansion in the manufacturing sector for 23 consecutive months. The CBN said this in its…

A Pig Geneticist at the Institute of Agricultural Research and Training (IAR&T), Ibadan, Dr Olufunke Oluwole says pig rearing can be a money spinning business for farmers if properly developed. Oluwole, a Senior Research Fellow who…

The National Bureau of Statistics (NBS), said Nigeria generated N298.01 billion from Value Added Tax (VAT) in fourth quarter, 2018. NBS said this in a Sectoral Distribution of VAT report for the fourth quarter, 2018 posted on its…