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Business and Economy

AfDB approves African Pharmaceutical Foundation, aims to close $14bn annual import gaps

THE Board of Directors of the African Development Bank (AfDB) has approved the establishment of the African Pharmaceutical Technology Foundation (APTF). The APTF initiative, the...

SEC will be strengthened to reposition Nigeria’s capital market, says Finance Minister

THE Federal Government has said it would strengthen the Securities and Exchange Commission (SEC) to reposition the Nigeria’s capital market to be at par...

Student farmer makes N150,000 weekly from okra sale, blames middlemen for price hike

A post-graduate student of the Modibbo Adama University of Technology, Yola, Adamawa State, Jesse Maitabil, has blamed middlemen, comprising wholesalers and retailers, for skyrocketing prices of...
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FAAC shares N680bn in May 2022 revenue to FG, states, LGs

THE Federation Account Allocation Committee (FAAC) has shared a total sum of N680.783 billion in the May 2022 Federation Account revenue to the Federal...

Power supply to be restored in Borno within six weeks, FG assures

THE Minister of Power, Abubakar Aliyu, said today that power supply would be restored to Maiduguri, the Borno State capital, within six weeks. Aliyu made...

Africans are cash-strapped, experts react to growing inflation

ECONOMIC experts in Africa have described the African consumer as "cash-strapped" following the inflation rise ravaging the world. In a zoom session jointly organised by...
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Tax expert condemns multiple taxation as Senate passes NYSC Trust Fund bill

THE West Africa Tax Leader at PricewaterhouseCoopers (PwC), Taiwo Oyedele, has flayed the President Muhammadu Buhari administration for imposing multiple taxes on Nigerians. In a...

Seven million Nigerians will be poorer by 2022 – World Bank

THE World Bank has said that seven million more Nigerians would be poorer due to the “inflation shock” that has begun to affect the...

Nigerian start-up wins $10,000 at Commonwealth Youth Forum in Kigali

A Nigerian start-up, Salubata Technologies, has been awarded a cash prize of $10,000 (about N4.2 million) after winning the Green Innovation Guru Award category...
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Why VAT can’t work in states – FIRS

THE Federal Inland Revenue Service (FIRS) has said that...