For business and economic news from around the world
The management of the Port Harcourt Electricity Distribution Company (PHED) says it will on Feb. 1 begin the implementation of 7.5 per cent Value Added Tax (VAT) to customers in four states.
Read More
Dr Zhou Pingjian, Ambassador of the people’s Republic of China to Nigeria, says that China-Nigeria relations is productive and will be more beneficial through cooperation in all areas including culture.
Read More
WorldStage Newsonline– The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has ruled out possible devaluation of currency following the drop in the country’s foreign reserves, saying the current $38 billion foreign reserve was still high and strong to support the economy..
Read More
Kwara State Government has said the budget for 2020 reflected the aspirations of the people of the state, especially in its intention to stimulate the economy, cater for the poor, invest in basic education, healthcare, and physical infrastructure.
Read More WorldStage Newsonline– The Monetary Policy Committee of the Central Bank of Nigeria (CBN ) has increased the Cash Reserve Ratio (CRR) to 27.5% from 22.5%, while it retained the Monetary Policy Rate (MPR) at 13.5%, liquidity ratio at 30% and asymmetric corridor at +200- 500 basis point around the MPR.
Read More
The Chairman, United Bank for Africa(UBA), and Founder, Tony Elumelu Foundation, Tony Elumelu has advocated massive private capital investment as well as increased support to youth development as catalysts for driving the much needed economic growth on the continent.
Read More
The Buhari administration will be happy to work closely with other countries who share similar socio-economic objectives in order to increase economic opportunities and healthcare delivery to citizens, according to Vice President Yemi Osinbajo, SAN.
Read More In a bid to ensure that the cost of living does not rise for Nigerians because of the changes in the Value-Added Tax, several basic food items, locally manufactured sanitary towels, pads and tuition relating to nursery, primary, secondary and tertiary education have been added to the exemption list of goods and services on the VAT under the Finance Bill 2019, signed by President Muhammadu Buhari last week, on the 13th January 2020.
Read More
As part of efforts to diversify the nation’s economy and increase productivity, the Federal Government has announced plan to commence methanol production.
Read More
Chief Executive Officer, Financial Derivatives, Mr Bismarck Rewane on Thursday projected Nigeria’s Gross Domestic Product (GDP) growth to remain flat at 2 to 2.2 per cent in 2020.
Read More