Eberechi Constance, Author at Nigeria Business Now

Business

Nigeria’s low tax revenue to GDP is problematic, says IMF

Nigeria’s low tax revenue to GDP is problematic, says IMF The International Monetary Fund (IMF) says Nigeria’s low tax revenue-to-gross domestic product (GDP) ratio is “problematic”. Abebe Aemro Selassie, IMF’s director of the African department, spoke at a news conference on Friday, focusing on the firm’s regional economic[Read More…]

April 20, 2024 by Eberechi Constance Comments are Disabled

Labour

Tinubu appoints Olusegun Omosehin as NAICOM boss

Tinubu appoints Olusegun Omosehin as NAICOM boss President Bola Tinubu has appointed Olusegun Ayo Omosehin as the commissioner for insurance, National Insurance Commission (NAICOM). Tinubu appointed Omosehin to replace Olorundare Thomas. In a statement on Friday, Ajuri Ngelale, Special Adviser to the president, media and publicity, said Tinubu also[Read More…]

April 20, 2024 by Eberechi Constance Comments are Disabled

Business

Tinubu appoints Emomotimi Agama as New SEC DG, names board

Tinubu appoints Emomotimi Agama as New SEC DG, names board President Bola Tinubu has appointed Emomotimi Agama as the director general of the Securities and Exchange Commission (SEC). Ajuri Ngelale, special adviser to the president on media and publicity, disclosed this in a statement on Friday. Agama will take[Read More…]

April 20, 2024 by Eberechi Constance Comments are Disabled

Business

NNPC, First E&P commence production at OML 85, target 20,000 bpd

NNPC, First E&P commence production at OML 85, target 20,000 bpd The Nigerian National Petroleum Company (NNPC) Limited and its joint venture partner in oil mining lease (OML) 85, First Exploration and Petroleum Development Company Limited (First E&P) have commenced oil production from the asset, also known as Madu field.[Read More…]

April 19, 2024 by Eberechi Constance Comments are Disabled

Business

Customs adjust FX rate for import duties to N1,147/$

Customs adjust FX rate for import duties to N1,147/$ The Nigeria Customs Service (NCS) has again adjusted the foreign exchange (FX) rate for duties to N1,147.02 per dollar. This represents a 7.3 percent decrease compared to N1,238.1/$ displayed on April 18. TheCable reports that the rate adopted by customs[Read More…]

April 19, 2024 by Eberechi Constance Comments are Disabled

Politics

Acting PDP National Chairman, Umar Damagum, retains seat

Acting PDP National Chairman, Umar Damagum, retains seat The National Caucus of the Peoples Democratic Party (PDP) has extended the tenure of Umar Damagum as the acting National Chairperson of the party. The National Publicity Secretary of the PDP, Debo Ologunagba, disclosed this on Thursday while addressing journalists after the[Read More…]

April 18, 2024 by Eberechi Constance Comments are Disabled

Business

Wema Bank removes fintech partners from platform over fraud

Wema Bank removes fintech partners from platform over fraud Wema Bank has said that it has removed and suspended about seven fintech partners from its payment gateway platform over fraudulent activities. This is as the bank unveiled an anti-fraud campaign to protect its customers and other Nigerians against[Read More…]

April 18, 2024 by Eberechi Constance Comments are Disabled

Business

AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education

AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education The Alternative Bank Limited (AltBank) has announced a strategic collaboration with FoodBank and Sterling One Foundation to raise approximately N20 million in support of hunger alleviation and educational initiatives. This initiative aligns with the theme of the African[Read More…]

April 18, 2024 by Eberechi Constance Comments are Disabled

Business

Court adjourns to May 27, trial of businessman, Ibeto over alleged N4.8bn fraud

Court adjourns to May 27, trial of businessman, Ibeto over alleged N4.8bn fraud In anticipation of the Court of Appeal judgement, a Lagos High Court sitting in Ikeja has adjourned the trial of the Chairman of Ibeto Energy Development Company, Chief Cletus Ibeto till May 27. Chief Ibeto was charged[Read More…]

April 17, 2024 by Eberechi Constance Comments are Disabled

Politics

DSS releases ally of El-Rufai who made Facebook comment against Gov. Uba Sani

DSS releases ally of El-Rufai who made Facebook comment against Gov. Uba Sani The Department of State Services (DSS) has released Aisha Galadima, an ally of former governor of Kaduna State, Nasir El-Rufai from detention over a post she made against Governor Uba Sani. Aisha, a chieftain of the All[Read More…]

April 17, 2024 by Eberechi Constance Comments are Disabled

Latest News

Polaris Bank, Partners support 16,000 Students to reduce Out-of-School Children in Nigeria

Warri refinery begins operation

Sterling HoldCo moves ahead in recapitalisation

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Author: Eberechi Constance

Nigeria’s low tax revenue to GDP is problematic, says IMF

Tinubu appoints Olusegun Omosehin as NAICOM boss

Tinubu appoints Emomotimi Agama as New SEC DG, names board

NNPC, First E&P commence production at OML 85, target 20,000 bpd

Customs adjust FX rate for import duties to N1,147/$

Acting PDP National Chairman, Umar Damagum, retains seat

Wema Bank removes fintech partners from platform over fraud

AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education

Court adjourns to May 27, trial of businessman, Ibeto over alleged N4.8bn fraud

DSS releases ally of El-Rufai who made Facebook comment against Gov. Uba Sani

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Author: Eberechi Constance