Economy

Nigeria’s creditworthiness improved with stronger economic outlook – UBS

UBS Wealth Management’s Chief Investment Office (CIO) has launched a new report on Africa’s sovereign credit prospects, an important benchmark used to evaluate the risk of investing in a country.

Grant tax relief to industries operating in Nigeria – Broker begs fed govt

Chief Angus Uzoamaka, an Abuja-based insurance broker, has urged the Federal Government to consider tax relief for industries operating in Nigeria in order to boost economic development.

Fast-track manufacturing sector growth – expert tells govt

A financial expert, Prof. Sheriffdeen Tella, has urged the Federal Government to fast-track the growth of the manufacturing sector through the provision of infrastructure and the provision of credit.

Fed govt targets 500,000mt cocoa production by 2021

As part of its diversification agenda, the Federal Government has set plans in motion to boost the nation’s cocoa production capacity to about 500,000 metric tonnes by 2021.

US economy adds 209,000 jobs in one month

Those hoping that the US dollar would be thrown a lifeline may be in luck, following the news that the United States added another 209,000 jobs to its economy in July.

We will tax first class and business class air tickets – Adeosun

Kemi Adeosun, Minister of Finance, says the Federal Government has signed a policy to tax first class and business class air tickets alongside other luxury goods.

We are already moving out of economic recession – Udoma

The Minister of Budget and National Planning, Senator Udo Udoma, on Thursday said that the country is already moving out of economic recession.

Threats to Nigeria’s economic recovery high – IMF

The International Monetary Fund has predicted that the Nigerian economy will be out of recession this year with growth of 0.8 per cent though it says risks to the recovery remain high.

Fed govt grants tax holiday to 27 industries

The Federal Executive Council on Wednesday approved the inclusion of 27 enterprises to the list of pioneer industries and products that would enjoy pioneer status under the Industrial Development Income Tax Relief Act.

Recent Stories

In-form Nigeria striker Victor Osimhen was on target as Sporting Charleroi defeated Beerschot-Wilrijk 3-0 in a Belgian top-flight and Uefa Europa League play-off tie on Saturday.

Super Eagles striker Victor Osimhen scores 19th goal of the season

In-form striker Victor Osimhen scores the 19th goal of the season in Sporting Charleroi 2-1 away win to Kortrijk at Guldensporenstadion Wednesday night.
Jorginho

Chelsea midfielder sends message to Arsenal ahead of Europa League final

Chelsea midfielder Jorginho sends message to Arsenal ahead of the Europa League final next week.

Colonel Ali charges newly promoted Customs officers

Comptroller-General of Nigeria Customs Service (NCS), Col. Hameed Ali (Rtd), has charged newly decorated officers of the service to see their new ranks as call to greater service.
A street is seen after a tornado in Jefferson City, Missouri, U.S. May 23, 2019, in this image taken from social media. Tyler Thompson-via

Three killed as violent tornado strikes Missouri

At least three people have been killed in a violent tornado sweeping across the US state of Missouri, officials said Thursday.
Abike Dabiri-Erewa

Abike Dabiri-Erewa denies stating Egypt, Ethiopian airlines run drug cartels in Nigeria

Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa, has distanced herself from reports indicting EgyptAir and Ethiopian Airlines of facilitating drug running into Nigeria.