Canvasses Increment Of VAT to 15 per cent’ The International Monetary Fund (IMF) has said the naira was overvalued by 18.5 per cent at the official market. The Fund called on the Central Bank of Nigeria (CBN) to establish a more transparent and
By Collins Nweze Trading in Cryptocurrencies is not backed by the Central Bank of Nigeria (CBN) Act which recognizes the naira as the only legal tender in the Nigerian financial system, an analyst has said. The CBN had on Friday, directed Deposit Money
By Damian Duruiheoma, Owerri A laboratory firm, Finlab Nigeria Limited, has carried out an empowerment programme that saw 122 indigent people from Imo State receiving empowerment packages as part of its 40th anniversary celebration. The beneficiaries were given cash of N50,000 to N100,000
By Sola Shittu, Gombe The Federal Government on Saturday assured Nigerians of its commitment to sustainable food production, empowerment and overall growth of the economy even in the face of the biting effect of COVID-19 in the country. Minister of State for Agriculture,
The Federal Government has lifted the ban it placed on Emirates Airlines, reciprocating the withdrawal of the Rapid Antigen Testing by the United Arab Emirates for passengers on Emirates flights. The airline was banned on Friday by the PTF for airlifting passengers from
South Korea’s candidate for the Director-General of the World Trade Organisation (WTO), Yoo Myung-Hee, has announced she will withdraw from the race. It clears the path for Nigeria’s Ngozi Okonjo-Iweala who the General Council announced late last year as the consensus candidate. The
The shortage of junior officers may cripple the activities of the Nigeria Customs Service (NCS) as most of its formations across the country operate with middle class and senior officers. It was gathered that this was as a result of the failure of
MultiChoice Nigeria has ruled out the possibility of implementing pay-as-go in the pay television industry in the country. It said such a subscription model would neither work for its DStv nor its GOtv services. It explained, however, that the pay-per-view option is very
Rice processors have cried out that their N3.4 trillion investment for processing the staple food is under threat from smugglers. To save the investment, the processors urged the Federal Government to criminalise the sale of foreign rice. Director General of Rice Processors Association
A fire outbreak at a natural gas plant on the outskirt of Port Harcourt, the Rivers State capital last night, led to an explosion which created panic among residents in the area. A journalist who lives in the area told Channels Television that