Soaring duties, FX rates cripple Nigeria’s used-vehicle market
•As dealers lament sales slump By Glory Bassey Car dealers in Nigeria have lamented a sharp decline in vehicle sales, blaming soaring import duties, high exchange rate and rising cost of living as reasons why car ownership is increasingly becoming unaffordable for many Nigerians. A car dealer and importer, Mr Paul Uche, said the auto […]
LASG tasks civil servants, others on anti-money laundering war, terrorism
By Peter Egwuatu The Lagos State Government, LASG, has called for cooperation and vigilance among stakeholders across all economic spheres in the war against money laundering and terrorism financing, describing it as a threat to global peace. Declaring open a three-day strategic level anti-money laundering and countering terrorism workshop for senior officials of the state government […]
Revenue Commission commences fresh allocation formula
By Emma Ujah, Abuja Bureau Chief & Favour Isaac The Revenue Mobilisation Allocation and Fiscal Commission, (RMAFC) has commenced a fresh review of the formula for allocation of the national revenue among the three tiers of government. Disclosing this yesterday at a press briefing in Abuja, the Chairman of the Commission, Dr. Mohammed Shehu, stated, “The […]
MTN Group says it’s under US investigation
In 2006, MTN was chosen over Turkcell to become the 49 percent minority shareholder in Iranian government-controlled mobile phone carrier Irancell.
Nigeria tops as Singapore’s West Africa trade surges 85% to $7.47bn
Nigeria has emerged as the leader in economic expansion and employment opportunities in Singapore’s deepening trade relationship with West Africa, which has seen an 85 percent rise to $7.47 billion from 2020 to 2024. A review of the growing collaboration between Singapore and West Africa shows Nigeria emerging as a key contributor. Analysis of data from […]
UN ranks Nigeria 8th on African industrialisation index, 98th globally
By Yinka Kolawole The United Nations has ranked Nigeria as 8th on the African Industrialisation Index and 98th in the world. Thematic Lead for Oil and Gas at the Nigerian Economic Summit Group (NESG), . Kelvin Emmanuel, stated this in his presentation at a high-level pre-Summit dialogue held in Abuja with the theme, “Unlocking Industrial Growth […]
