Business & Economy - Page 110

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), has alerted the federal government to the dire implications of imposing taxes on free trade zones (FTZs), warning that the decision could drive away over $200 billion in foreign direct investments

Mr Muhammad Aimen, an investment analyst at KTrade Securities, stated on Saturday – yesterday, February 22 – that the surge in U.S. inflation to 3 per cent could pose economic challenges to global trade. KTrade Securities is a Pakistan-based stock and

The Nigerian Shippers Council (NSC) has disclosed that the Kaduna dry port has received and cleared over 500 containers of goods within the last three months. Buba Danjuma, Director of the Kaduna Port Office, who disclosed this positive development on Saturday, while

Former Governor of Anambra State and Labour Party (LP) candidate in the February 25, 2023 presidential election, Mr. Peter Obi, has warned that the Nigerian economy is getting no better, saying all indices point to a worsening socio-economic situation in

The Yaba College of Technology (Yabatech) has organised ‘A Day with Industry Partners’ to foster collaboration between academia and industries, ensuring graduates are well-prepared for the job market. Speaking at the event on Friday in Lagos, Yabatech Rector, Dr Ibraheem Abdul, said

By MIKE ABBAH Fidelity Bank Plc has, again, demonstrated its unwavering commitment to enhancing its host communities’ lifestyles. Through its dedicated education Corporate Social Responsibility (CSR) pillar, the bank recently undertook significant projects aimed at promoting quality education delivery across

By MIKE ABBAH The Nigerian government, through the Federal Inland Revenue Service (FIRS), has asked the Federal High Court in Abuja to order Binance Holdings Limited to pay $79,514,055,594.40 and N231 million for economic losses allegedly caused by its operations in

By MIKE ABBAH The Central Bank of Nigeria (CBN) has issued a sweeping directive mandating commercial banks to comply with stricter insider lending limits or risk regulatory sanctions. In a letter to banks, CBN set a 180-day deadline for financial

The Centre for the Promotion of Private Enterprise (CPPE) has urged the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to halt further interest rate hikes. Dr Muda Yusuf, Chief Executive Officer of CPPE, made the call

Trading on the Nigerian Exchange Ltd. (NGX) closed negatively on Monday – yesterday, February 17 – with investors losing N72.51 billion. The market capitalisation, which opened at N67.418 trillion, fell by 0.10% to close at N67.345 trillion. Similarly, the NGX All-Share Index