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BUSINESS
US plans to place visa restriction on Nigeria- WSJ
The United States is planning to add Nigeria and six others to a new list of countries on America’s visa restriction.
U.K, Nigerian sign commercial deals worth £6.5 billion
British firms, at the opening of the UK-Africa Investment Summit in London announced willingness to commit commercial deals worth over £6.5 billion into the African markets.
CEAN records N3.73bn Cinema Spends by Nigerians in 2019
Cinema Exhibitors Association of Nigeria (CEAN) has in a data proven that Nigerians across major cities spent N3.730 billion on Top 20 movies (weekends) at several cinemas across the country, most of…
Much Ado About the Challenges & Prospects of E-commerce Growth in Africa
Since the advent of electronic commerce (otherwise referred to as e-commerce) in Nigeria in 2012, one can safely say that there has been a steady growth trajectory in that sector overtime.
FG exempts firms earning below N25m from paying Tax
The Federal Government has said that small businesses with turnover less than 25 million naira will be exempted from Companies Income Tax when the Finance Bill 2019 is signed into law.
How Aliko Dangote became $4.3bn richer in 2019
Africa’s richest man, Aliko Dangote, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar.
Malabu oil scam: Court Orders Detention Of Former AGF Adoke For Another 14 Days
The High Court of the Federal Capital Territory in Maitama, Abuja, on Thursday, granted permission to the Economic and Financial Crimes Commission to further detain the immediate-past Attorney-General…
Ghana sets to join new West African currency but ditch euro peg
Ghana’s government said it is determined to join a West African currency that will replace the France-backed CFA franc as soon as next year by 2020 in eight regional countries, but it urged members of…
Economy recorded $4.17bn forex deficit in 2019
A total foreign exchange of $58.01bn came into the economy through the Central Bank of Nigeria within a 12-month period covering November 2018 and November this year.
Ayade warns international community against exploiting Africa
The Governor of Cross River State, Prof Ben Ayade, has warned the international community to stop exploiting Africa which he described as the richest continent on earth, according to PUNCH.