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Business and Economy

Kaduna procurement authority opens bid for e-procurement platform for 36 states

The Kaduna State Public Procurement Authority (KADPPA) on Friday opened bidding for the design, development and management of single e-procurement portal for the 36...

NACCIMA lauds ITF’s effort in bridging skills gap

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has lauded the Industrial Training Fund (ITF) on its effort in bridging...

Tax waivers, illicit financial flows, others responsible for low revenue – FIRS

The Federal Inland Revenue Service (FIRS) says non-discretionary tax waiver grants, illicit financial flows abroad and high overhead costs are responsible for not meeting...

AfDB clarifies Africa’s debt

The African Development Bank (AfDB) has clarified the debts incurred by Africa. AfDB made this known in a statement by its Communication and External Relations...

SEC may announce new recapitalisation programme for capital market operators

Capital market operators should be bracing up for recapitalisation programme as indications emerged on Thursday that the Securities and Exchange Commission (SEC) may introduce...

CBN says receiving money transfers in foreign currency detrimental

The Central Bank of Nigeria (CBN) says receiving international money transfers in foreign currencies by Nigerians is detrimental to the Naira. Ms Ozemena Nnaji, Director,...

Valentine: Purchase of lingerie, cakes, roses soar

Two days to St. Valentine’s Day, some shops in Lagos malls are recording an increase in the purchase of lingerie, cakes and roses. In a...

NSE market indices record 0.02% marginal growth

The market indicators of the Nigerian Stock Exchange (NSE) closed marginally on Wednesday with a growth of 0.02 per cent. Specifically, the All-Share Index (ASI)...

BPE targets over N270bn from transactions in 2020

Bureau of Public Enterprises (BPE) says plans are underway to generate N270.79 billion from its 20 transactions in 2020. The Director-General, BPE, Mr Alex Okoh,...

FIRS inaugurates intelligence system to track tax evaders

The Federal Inland Revenue Service (FIRS) has inaugurated a National Intelligence Gathering System to gather data and track tax evaders and defaulters across the...

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