Economy

The African Development Bank (AfDB) and Microsoft have inaugurated the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youths across the continent. A statement by AfDB said the…

The country earned a total of N876.09bn from Value Added Tax in the first nine months of this year, statistics released by the National Bureau of Statistics have revealed. The NBS in its VAT report which was released on Monday said…

Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) says there is no cause for alarm in the imaginary drop in Nigeria’s Foreign Reserves. Emefiele said this while fielding questions from newsmen after the Monetary Policy…

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), says the current hike in price of cooking gas might persist if activities of Liquefied Petroleum Gas (LPG) Terminal Owners and Off Takers is not checked. The…

The Federal Government on Thursday, said it planned to stop the importation of steel materials into the county to encourage local investors in the sector. Mr Olamilekan Adegbite, Minister of Mines and Steel Development, said this…

Nigeria is producing 1.6 million – 1.7 million barrels per day (bpd) of crude oil, the chief operating officer of the Nigerian National Petroleum Corporation said on Wednesday, adding that the country would continue to comply with OPEC…

Dividends paid from the profits of oil companies will no longer be tax-exempt if the finance bill submitted by President Muhammadu Buhari is passed by the national assembly. This was contained in a statement released by Yunusa…

The Senate on Tuesday, appealed to the Federal Government to ban importation of textiles in the country for a period of five years to allow for the production of local textile materials. This followed the debate on a motion sponsored…

The Japanese Ambassador to Nigeria, Mr. Kikuta Yutaka, has commended the Federal Government for Nigeria’s improvement in the recently released World Bank’s 2020 Doing Business Index (DBI). Yutaka made the commendation while speaking at…

Stakeholders in the Textile and Garments industry have criticised the Federal Government for reneging on its promise to patronise local manufacturers by awarding production of  military and other paramilitary uniforms Turkish-based…