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Category: Business

Business News

CAC crashes cost of business registration

National Ambassador.September 26, 2017 CAC bisiness

The Registrar-General, Corporate Affairs Commission (CAC), Mr. Bello Mahmud, said on Tuesday in Abuja that the cost of business registration in Nigeria was now cheaper…

View More CAC crashes cost of business registration
Business News

FIRS, ‘Baba Ijebu’ disagree over N789.6m tax debt

National Ambassador.September 26, 2017 ‘Baba IjebuFIRS

A disagreement ensued between officials of the Federal Inland Revenue Service (FIRS) and staff of Premier Lotto Limited, a popular lottery firm owned by Kessington…

View More FIRS, ‘Baba Ijebu’ disagree over N789.6m tax debt
Business News

Deloitte hit by data breach

National Ambassador.September 25, 2017 Deloitte

Corporate finance giant Deloitte suffered a cyber-attack that compromised confidential data, including the private emails of some of its clients, the company has confirmed. Its…

View More Deloitte hit by data breach
Business News Technology

600,000 sign petition to overturn London Uber ban

National Ambassador.September 24, 2017 LondonuberUber London Limited

More than 600,000 people had by Sunday signed a petition asking London transport authorities to reverse their decision not to renew Uber’s licence when it…

View More 600,000 sign petition to overturn London Uber ban
Business News

Reform World Bank, IMF now-Nigeria demands

National Ambassador.September 24, 2017

Nigeria has demanded the reform of the Bretton Wood Institutions to make them responsive to the needs of developing countries and also reflect the realities…

View More Reform World Bank, IMF now-Nigeria demands
Business News

Churches, mosques not affected by NGOs’ regulation bill

National Ambassador.September 23, 2017 businesschurchesMosquenews

Deputy Majority Leader of the House of Representatives Buba Jibril says the house will pass the 2010 Non-Governmental Organisations (NGOs) Regulation and Co-ordination Bill to…

View More Churches, mosques not affected by NGOs’ regulation bill
Business News

Defunct Nigerian airways Staff gets N45b

National Ambassador.September 21, 2017 businessNigeria

More than 12 years after they were laid off following the liquidation of the national carrier, Nigerian Airways, the staff, are to be paid their…

View More Defunct Nigerian airways Staff gets N45b
Business News

We should pray oil prices stay low- Dangote

National Ambassador.September 20, 2017 businessDangoteNigeriaOil

Africa’s richest man and Nigeria’s indisputable  business leader Aliko Dangote has told a packed room in New York that he is hoping that oil prices…

View More We should pray oil prices stay low- Dangote
Business News

Nigeria’s foreign debt jumps to $15.05bn as Lagos tops list of debtor-states

jettySeptember 20, 2017 China Exim BankDebt ProfileFederal GovernmentForeign DebtLagos StateNBSNigeria

The debt profile of Nigeria has been put at $15.05 billion as at the end of June 2017, according to a report released on Tuesday…

View More Nigeria’s foreign debt jumps to $15.05bn as Lagos tops list of debtor-states
Business News

Nigeria targets $25b FDI investments through American investors

National Ambassador.September 19, 2017 businessFDINigeria

Officials of  the Nigerian Government have assured U.S. investors of the favourable investment climate, promising the highest returns on investments, more than anywhere else in…

View More Nigeria targets $25b FDI investments through American investors
Business News

Kogi to flood market with rice, fish

National Ambassador.September 19, 2017 businesskogi

Kogi state is to flood the markets with rice and fish by December following the mass production of the products by the state-owned Omi Agricultural…

View More Kogi to flood market with rice, fish
Business News

China orders Bitcoin exchanges to close

National Ambassador.September 19, 2017 BitcionbusinessChina

China is moving forward with plans to shut down Bitcoin exchanges in the country, starting with trading platforms in key cities. All Bitcoin exchanges in…

View More China orders Bitcoin exchanges to close
Business News

Eko Disco to name culprits of Meter Bypass in media

National Ambassador.September 17, 2017 businessElectricity

The Eko Electricity Distribution Company Plc (EKEDCP) says it has launched “Operation Name and Shame’’ in its continued fight against energy theft within its area…

View More Eko Disco to name culprits of Meter Bypass in media
Business News

Oil prices rise toward $56

National Ambassador.September 15, 2017 businessEconomyNigeriaOilprice

Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent as the clean-up…

View More Oil prices rise toward $56
Business News

Naira depreciates against dollar

National Ambassador.September 14, 2017 dollarmooney

The Nigerian currency, naira, depreciated by N2 to the dollar at the parallel market on Thursday. It exchanged for N369 to the dollar, weaker than…

View More Naira depreciates against dollar
Business News

Russia offers €1.2bn to Iran

National Ambassador.September 12, 2017 Loansoffer

Russia has taken the final step to grant a major offer of €1.2billion  loan to Iran for the development of a power plant in the…

View More Russia offers €1.2bn to Iran
Business News

Nigeria’s domestic debt hits N19.63 trillion, says DMO

National Ambassador.September 12, 2017

Nigeria’s domestic debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion, the Debt Management Office (DMO)…

View More Nigeria’s domestic debt hits N19.63 trillion, says DMO
Business News

Pay salaries now: President Buhari Begs Governors

National Ambassador.September 12, 2017

President Muhammadu Buhari has appealed to state governors to address the plight of workers in their state by paying salaries. The President made the appeal…

View More Pay salaries now: President Buhari Begs Governors
Business News

BoI signs MoU with Aba shoemakers

National Ambassador.September 7, 2017

Bank of Industry (BoI), Nigeria’s industrial development bank, has signed a memorandum of understanding (MoU) with the Leather Products Manufacturers Association of Abia State, the…

View More BoI signs MoU with Aba shoemakers
Business News

Buhari wants recession exit to impact on masses

National Ambassador.September 5, 2017

President Muhammadu Buhari Tuesday in Daura, Katsina State, said the real impact of coming out recession will be better felt when ordinary Nigerians experience a…

View More Buhari wants recession exit to impact on masses
Business News

Economy: NBS report shows Nigeria is out of recession

jettySeptember 5, 2017 EconomyGDPNBSNigeria's EconomyRecession

The National Bureau of Statistics, NBS, has reported that the nation’s economy is officially out of recession, with a marginal growth of 0.55 percent. Nigeria’s…

View More Economy: NBS report shows Nigeria is out of recession
Business News

How old notes cause ATM malfunctions – Expert

National Ambassador.September 4, 2017

An cconomic expert, Prof.  Uche Uwaleke, has called on the Central Bank of Nigeria (CBN) to remove old and dirty notes from circulation. Uwaleke, an…

View More How old notes cause ATM malfunctions – Expert
Business News

Controversy over Ethiopian Airlines bid to take over Arik Air

jettySeptember 1, 2017 AMCONArik AirAviationDebt ProfileEthiopian AirlinesHadi Sirika

A bid by Ethopian Airlines to take over Arik Air is currently engulfed in controversy, as major stakeholders in the country have denied knowledge of…

View More Controversy over Ethiopian Airlines bid to take over Arik Air
Business

France demands €600m from Microsoft

jettyAugust 30, 2017 FranceMicrosoftPresident Macron

France’s tax authority is seeking 600 million euros ($715 million) from Microsoft’s local subsidiary for billing French customers from Ireland, the weekly L’Express reported on…

View More France demands €600m from Microsoft

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