Business

The outbreak of coronavirus has become a major threat to Nigeria’s economy, President Muhammadu Buhari has warned. He also identified bad harvests, conflicts in global locations and tariff changes in major world economies, as other factors negatively impacting the economy. The President’s fears are heightened by the dip in the …

The Standards Organisation of Nigeria (SON) on Tuesday destroyed substandard mobile phone accessories worth over N480 million. The move is to deter unscrupulous importers who indulge in illicit trade to short-change  unsuspecting consumers Director, Inspectorate, Compliance and Directorate, SON,  Mr. Obiora Manafa,  said the exercise yesterday in Epe, Lagos was …

A Jos-based inventor of generating set that generates real-time electricity without the use of fossil fuel, Mr Yange Henry, has called on both Plateau Government and the Federal Government to support inventors to boost their productivity. However,Yange made the call in an interview with Newsmen in Jos on Tuesday 4th …

The Federal Inland Revenue Service (FIRS) is collaborating with digital tax experts from across the continent on how to effectively tax digital businesses and operators in the informal sector of the economy. The Service is currently hosting a three-day conference of the African Tax Administration Forum (AFTA) where experts in …

Amazon.com is back in fashion with investors. Concern about the cost of Amazon’s one-day delivery pledge lingered after a busy holiday period, holding the stock back while shares of rivals including Microsoft, Google and Apple all rallied. That abruptly changed on Thursday when Amazon reported results that crushed Wall Street …

PLAYERS in the rice value chains have cause to smile in the last few months because of the partial closure of the borders to stop Nigerian markets being saturated with some imported goods, particularly rice. In the past, the country was a dumping ground for various agro-allied products, a situation …

The Minister of Agriculture and Rural Development, Mr Sabo Nanono, said on Tuesday in Abuja that Nigeria would hopefully begin exporting rice to other countries in the next two years. Nanono hinted this in a statement issued on his behalf by Mr Theodore Ogaziechi, the Director of Information in the …

Makinde/Oyetola The government of the state of Osun has described the comments by Governor Seyi Makinde of Oyo state on the running of Ladoke Akintola University of Technology (LAUTECH that tended to suggest that Osun has abandoned payment of workers of the institution as a product of misinformation. It said …

Yam Traders The National Association of Yam Farmers, Processors, and Marketers have begged the federal Government to sign trade agreements with European Union (EU) to secure duty-free yam export to Europe.  The association in line with the Technical Committee on Nigeria Yam Export Programme, made this known in a communique …

The federal government and the World Bank power sector team met on the possibility of Nigeria accessing a one billion dollar Performance Based Loan (PBL) from multilateral institutions. Finance Minister Mrs Zainab Ahmed dropped the hint at a joint news conference with Central Bank of Nigeria (CBN) Governor Godwin Emefiele …