The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources. Haruna…
Category: Business
Ekiti attracts $40million investment in organic fertilizer project
… As Oyebanji opens discussion with Turkish firm Ekiti State Governor, Mr Biodun Oyebanji has said that his administration would continue to woo investors to the state in the bid…
Nigerian Breweries approve new prices for alcoholic beverages
The Nigerian Breweries Plc has approved an upward price change for its Stock-Keeping Units (STUs) with effect from February 19. A letter dated February 12 titled: ‘Price review notification,’ by…
Nigerian Breweries lose N106bn in 2023, says Company Secretary
Nigerian Breweries Plc said it recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted in its 2022 financials, indicating 860 per cent…
BUA increases staff salary amidst rising cement price
Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment for staff across board. Rabiu made the disclosure in an internal memo…
Ekiti Organizes Easter Trade Fair to Showcase Commerce, Investment Opportunities
Ekiti Online Market and the Ministry of Commerce, Trades, Investment and Cooperatives in Ekiti State have organized an exhibition tagged the ‘Ekiti Easter Tradefair’. The Program would begin from Wednesday…
Nigeria, UK Sign MOU On Trade, Investment Dev
The Nigerian government and the United Kingdom (UK) have partnered to strengthen enhanced trade and investment partnership (ETIP) as the volume of trade between the two nations hits N12.3 trillion…
No Plan to Increase Fuel Prices , NNPC tells Nigerians
The Nigerian National Petroleum Company (NNPC) Ltd said it’s not at this time considering increase in fuel pump price. It therefore urged Nigerians to disregard rumours of imminent fuel price…
CBN Boss Drops Hints On Reduction in Fuel Prices
The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso on Wednesday gave the assurance on a drastic fall in the pump price of Petroleum Motor Spirit (PMS) also…
Carpenters, hairdressers, others to pay N500 to N50,000 tax yearly in Oyo
Those in the informal sector in Oyo state such as fruit sellers, carpenters, photographers, block makers, pepper sellers, pool agents, hairdressers and others are to pay between N500 and N50,000…