The Federal Inland Revenue Service (FIRS) has appointed telecommunications giants, MTN and Airtel, as well as commercial banks or deposit money banks in Nigeria to withhold Value Added Tax (VAT) …
Nigeria
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AirtelBusinessMobile Telecommunications Network (MTN)NigeriaSpotlightTelecommunications
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AirtelBusinessEconomyINVESTMENTMarketsNigeria
Stock investors lose N3.28tn on their investment in three months
Stock market investors on the floor of the Nigerian Exchange Limited lost N3.28tn of their investment between August 1 and October 31, 2022. The trading activities, which began with a …
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The Federal Government has said Nigeria will require $1.9trn or N834trn to attain net zero by 2060 as part of its support to the global fight against climate change and …
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AgricultureBusinessEconomyFinance & ServicesNigeria
OCP increases Nigeria’s fertilizer production with establishment of 120MT/h plant in Kaduna state
OCP Africa has increased Nigeria’s fertilizer production and output with the establishment of a 120 metric tones per hour fertilizer blending plant in Kaduna State. It said the facility had …
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Banking, Finance & InvestmentBusinessEconomyNigeria
Sterling Bank Nigeria plc grows Q3 profit by 41.52%
Sterling Bank Nigeria Plc said it recorded 41.52 per cent growth in its profit after tax in nine months of 2022, in spite of economic challenges. The Group’s unaudited financial …
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AviationBanking, Finance & InvestmentEconomyNigeriaTransportation & Logisitics
Emirates suspends flights to Nigeria over the inability to repatriate $85 million in it’s revenue
Emirates Airlines says it has suspended flights to Nigeria. It said the measure started on October 29 and blamed its inability to repatriate its revenue from the country. The airline …
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Banking, Finance & InvestmentNigeriaWestern Africa
What You Should Know About Nigeria’s New Naira Notes
The Central Bank of Nigeria on the 26th of October, 2022 announced its intentions of redesigning Naira notes consisting of the ₦200,₦500 and ₦1,000 respectively An announcement which was made …
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BusinessMarketsMobile Telecommunications Network (MTN)South Africa
MTN South Africa revenue grow by 2.2% yearly and hit by Cell C rescue and load-shedding
MTN has published its quarterly trading update for the three months ended September 2022, revealing that service revenue grew by just 2.2% year-on-year in South Africa. For the third quarter of 2022 …
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AgricultureBusinessEconomyFood ProductionNigeria
Federal Government working to bring down prices of food products
The Minister of Agriculture, Muhammad Abubakar, on Thursday, said the Federal Government was working towards bringing down prices of food commodities. He said Nigeria was going into intensive dry-season farming, …
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AgricultureBanking, Finance & InvestmentBusinessFinance & ServicesNigeriaUncategorized
AATIF announces $25 funding line to expand it’s agricultural business
Union Bank of Nigeria and the Africa Agriculture and Trade Investment Fund have announced that the bank has secured a $25m funding line from AATIF to expand its agricultural business …