FG removes VAT and Customs Duty Payments from Cooking Gas Imports into Nigeria
The Federal Government has removed VAT and customs duty payments from cooking gas imports. This is according to a letter written to several government agencies. The Cable reports that the federal government has decided to waive customs duty and value-added tax (VAT) on the importation of liquefied petroleum gas (LPG) also known as cooking gas and its […]
FACT-CHECK: What to Know About New CBN Directives on BVN, NIN
The Payments System Management Department of the Central Bank of Nigeria (CBN) issued a circular to all commercial banks in Nigeria on Friday. That circular spelt out amendments to Section 1.5.3 of the Regulatory Framework for Bank Verification Number (BVN) Operations and Watchlist for the Nigerian banking industry. Banks and fintech companies must accommodate the […]
Ogun State Empowers MSMEs with N1 Billion Grant under OG-CARES Program- APPLY NOW!
Applications is opens for all business owners across the States The Ogun State Government, in partnership with the Federal Government and World Bank, has initiated the OG-CARES program, aiming to support Micro, Small, and Medium-scale Enterprises (MSMEs) affected by the economic impacts of COVID-19. Hundreds of business owners across the state are being registered for […]
Panic As Fresh Naira Scarcity Hits Lagos, Kano, Sokoto, Others
Panic As Fresh Naira Scarcity Hits Lagos, Kano, Sokoto, Others Despite moves by the Central Bank of Nigeria (CBN) to formally extend the validity of the old naira notes, reports of scarcity have emerged across the country. Recall that the CBN had affirmed that it has enough currency notes in the market and, hence, no […]
NASME and MTN MoMo Launch Mobile Money Platform for SMEs
The Nigeria Association of Small and Medium Enterprises (NASME) has joined forces with MTN MoMo to introduce a mobile money platform aimed at propelling startups and Small and Medium Enterprises (SMEs) toward expansion and development. This innovation was unveiled during the MTN MoMo and NASME Symposium and Exhibition held in Lagos, signaling a significant step […]
SPECIAL REPORT: ‘New Week, New Price’ — How Small Businesses Survive in Latest Nigeria
SPECIAL REPORT: ‘New Week, New Price’ — How Small Businesses Survive in Latest Nigeria Less than a month after its last upward price review, W’s Bakeshop, a pastry shop in the Yaba area of Lagos State announced that it would be reviewing the prices of its whipped cream cakes and mini-trays. The pastry shop was […]
JUST IN: CBN Issues Fresh Directive on Old and New Naira Notes
The Central Bank of Nigeria (CBN) has reiterated that all denominations of banknotes it has issued remain legal tender, and should not be rejected by anyone, as stipulated in Section 20(5) of the CBN Act, 2007. Also, the apex restated that there are sufficient banknotes across the country for all normal economic activity, stressing that […]
FAO: 2.6 Million Nigerians May Go Hungry in 2024
The Food and Agriculture Organisation says no fewer than 2.6 million Nigerians in Borno, Sokoto and Zamfara States including the FCT may face a food crisis between June and August 2024. FAO country representative, Dominique Kouacou, disclosed this at the presentation of the October to November round of the Cadre Harmonise food security and early […]
FG establishes 7 CNG Conversation Centres
FG establishes 7 CNG Conversation Centres The Presidential Compressed Natural Gas, CNG, Initiative Steering Committee, on Friday said seven CNG conversation centres have been established in the country. Chairman of the Committee, Zacch Adedeji, made this known while handing over CNG buses to the State House, Permanent Secretary, Mr Olusesan Adebiyi, at the presidential villa, […]
SPONSORED: Lapo Personal Loans – Get Personal Loan from Lapo in Easy Steps
SPONSORED: Lapo Personal Loans – Get Personal Loan from Lapo in Easy Steps Lapo Personal Loans Do you know about Lapo? If not, this article is for you. Lapo is a special bank that helps people who other big banks often forget. They give out Personal Loans quickly, and you don’t need to give anything […]