Umahi replies FIRS, says Tinubu not against tax credit The Minister of Works, David Umahi, has stated that President Bola Tinubu is not opposed to the use of taxes from companies to fund road projects. He said the scheme, which is under the Road Infrastructure Development and Refurbishment Investment Tax[Read More…]
CBN stops dollar cash for BTA/PTA over Naira Devaluation The Central Bank of Nigeria (CBN) has announced that it will no longer allow cash for Business Travel Allowance (BTA) and Personal Travel Allowance (PTA). The Apex bank said all such allowances are to be issued in cards. [Read More…]
NSIA Announces $220, 000 Innovation Prize for Start-Ups The Nigeria Sovereign Investment Authority (NSIA) has announced the second edition of the NSIA Prize for Innovation (NPI 2.0), with a combined prize value of $220,000, for Nigerian star-ups. According to a statement by the organisation, in Abuja the prize goes[Read More…]
FirstBank to reward customers with N36m reward in FirstMobile cash-out promo FirstBank has launched the second season of its Cash Out promo designed to reward users of FirstMobile, its mobile banking solution with cash prizes totalling N36 million. The bank in a statement explained that, “the FirstBank Cash[Read More…]
Expert makes cases for eCommerce to grow small businesses at Ecobank MySME Webinar series Operators of small and medium enterprises (SMEs) in the country have been advised to leverage on eCommerce to boost sales and grow their business. Nigeria Business Now gathered from a release by the bank on[Read More…]
Tinubu seeks Senate confirmation for CBN board members President Bola Tinubu has written to the Senate requesting for screening and confirmation of five persons appointed as directors of the board of the Central Bank of Nigeria. The President’s request was contained in a letter read by the Senate President, Godswill[Read More…]
Nigeria’s Non-oil Export Trade Rises To $4.517bn Nigeria’s non-oil export trade has increased from $2.210 billion in the year 2020 to $4.517 billion in 2023 notwithstanding the numerous challenges that affected the nation’s economy. Coordinator, Nigeria Export Promotion Council NEPC, (Cross River State Coordinating Office), Dr Osas Omorogbe[Read More…]
Access Holdings appoints Bolaji Agbede as Acting CEO Access Holdings Plc on Monday announced the appointment of Bolaji Agbede as the Acting Group Chief Executive Officer (GCEO) of the holding company. The appointment follows the death of its late Group Chief Executive Officer, Herbert Wigwe, who died in a[Read More…]
Nigeria grants Air Peace approval for international flights to New York’s JFK Airport The Ministry of Aviation and Aerospace Development has given the green light to Air Peace for international flights to and from John F. Kennedy International Airport in New York, USA. This decision comes after Air Peace[Read More…]
Nigeria facing worsening economic crisis, says IMF The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. IMF disclosed this in a recent report titled: “IMF Executive Board Concludes Post Financing Assessment with Nigeria,” noting that Nigeria is[Read More…]
