Economy - Page 17

Cement Prices Will Remain Stable For Renewed Hope Projects — BUA

The Chairman of BUA Group, Abdul Samad Rabiu, has disclosed that cement manufacturers in Nigeria have agreed to freeze the price of cement for Renewed Hope Projects. He disclosed this after a meeting with President Bola Tinubu in the State House, Abuja

May 16, 2025

Economy·News·Politics

Tax Reform Bills Not Withdrawn, Senate Not Intimidated – Akpabio

The Senate has reaffirmed its commitment to advancing the Tax Reform Bills, noting that no aspect of the legislative process has been suspended or withdrawn. Senate President, Senator Godswill Akpabio stated during plenary on Thursday that the upper chamber remains focused on

by News Editor

December 5, 2024

Economy

Bitcoin Hits $100,000 For First Time As Traders Cheer Trump Pick

Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump’s decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president will push through measures to deregulate the sector. The cryptocurrency soared through

by News Editor

December 5, 2024

Economy

Lafarge Africa Plc Reaffirms its Commitment Amid Transition

Lafarge Africa Plc Reaffirms its Commitment Amid Transition The Holcim Group announced that it signed an agreement to sell its 83.81% shareholding in Lafarge Africa Plc to Huaxin Cement Ltd on December 1, 2024. This transaction marks a significant milestone, ushering in

by News Editor

December 4, 2024

Economy·News

Nigeria, South Africa Set Up Advisory Council to Strengthen Trade, Investment

Nigeria and South Africa have fully activated the Joint Ministerial Advisory Council on Industry, Trade, and Investment to enhance economic cooperation between the two leading African economies. President Cyril Ramaphosa disclosed the decision on Tuesday in Cape Town, South Africa, at the

by News Editor

December 4, 2024

Economy

10 Ways Tax Bills Will Enhance State Revenues — Presidency

The Senior Special Assistant to the Presidency on Media and Publicity, Temitope Ajayi in an explanatory statement on Wednesday, has shed more light on the controversial tax bills. This was after President Bola Tinubu on Tuesday, directed the National Assembly and the

by News Editor

December 4, 2024

Economy

Nigeria, South Africa Cannot Afford To Fail Africa – Tinubu

Nigeria, South Africa Cannot Afford To Fail Africa – Tinubu President Bola Tinubu on Tuesday said Nigeria and South Africa cannot afford to fail the African continent, calling for a robust partnership between both countries. President Tinubu made the call in Cape

by News Editor

December 4, 2024

Economy·News

Low-Income Earners Can Withdraw Total Retirement Savings — PENCOM

The National Pension Commission has announced that low-earning pensioners are now allowed to either withdraw their total retirement savings as a lump sum or continue receiving their monthly pension while awaiting approval of the Minimum Pension Guarantee. This decision is in accordance

by News Editor

December 3, 2024

Economy

Greenwich Merchant Bank Appoints Benson Ogundeji as Managing Director/CEO

The Board of Directors of Greenwich Merchant Bank Limited has announced the appointment of Mr. Benson Ogundeji as its substantive Managing Director/Chief Executive Officer following the Central Bank of Nigeria (CBN)’s approval. Reacting, The Chairman of the Board, Mr. Kayode Falowo, said:

by News Editor

December 3, 2024

Economy

Unilever Nigeria Plc Announced the Resignation, Appointment of Managing Director

Unilever Nigeria Plc has announced major changes to its leadership team following resolutions passed at its Board of Directors meeting on November 29, 2024. The board considered and approved Mr. Tim Kleinebenne’s resignation as the Managing Director effective December 31, 2024. On

by News Editor

December 3, 2024

Economy·News

2025 Economic Outlook: Cardoso Confirms MPR as CBN’s Key Tool for Inflation Control

The Central Bank of Nigeria (CBN) has announced that it will maintain the Monetary Policy Rate as a key strategy for managing inflation, which is one of its main priorities for 2025. During the 59th annual bankers’ dinner organized by the Chartered

by News Editor

December 3, 2024

Economy

Economic Reforms: Cardoso Appeals to Nigerians Not to ‘Japa’

Governor Olayemi Cardoso of the Central Bank of Nigeria has urged Nigerian youths not to leave the country. He assured them that the ongoing reforms and policies are designed for the benefit of everyone and are aimed at fostering economic development. Cardoso

by News Editor

December 3, 2024

Economy·News

Tax Reform Bills: A Solution to Elite Financial Recklessness, Says Bishop Kukah

Bishop Matthew Kukah, founder of the Kukah Centre, stated that the controversial tax reform bills proposed by Bola Tinubu’s administration aim to curb financial recklessness among the elite. He shared his views as a guest on Channels Television’s Morning Brief on Tuesday,

by News Editor

December 3, 2024

Economy

FCCPC Probes GT Bank, MTN, and Air Peace Amid Allegations of Violations

The Federal Competition and Consumer Protection Commission (FCCPC) has initiated a significant inquiry into numerous consumer complaints against major players in the banking, telecommunications, and aviation sectors. This investigation, set to commence on December 3rd, 4th, and 5th, aims to tackle issues

by News Editor

December 3, 2024

Economy

BREAKING: FG Orders Opay, Moniepoint, others to Charge 50 Naira E-Transfer Levy

The Federal Government of Nigeria has introduced a mandatory N50 Electronic Money Transfer Levy (EMTL) on fintech platforms, including Opay and Moniepoint for transactions of ₦10,000 and above. This new levy, implemented under the Finance Act 2020, had previously only applied to

by News Editor

December 2, 2024

Economy·News

Central Bank of Nigeria Plans Major Workforce Reduction Amid Strategic Restructuring

The Central Bank of Nigeria is reportedly planning to lay off around 1,000 employees as part of a strategic workforce restructuring effort. An allocation of over N50 billion has been designated for severance packages associated with this initiative. This move, spearheaded by

by News Room

December 2, 2024

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Economy - Page 17

Cement Prices Will Remain Stable For Renewed Hope Projects — BUA

Tax Reform Bills Not Withdrawn, Senate Not Intimidated – Akpabio

Bitcoin Hits $100,000 For First Time As Traders Cheer Trump Pick

Lafarge Africa Plc Reaffirms its Commitment Amid Transition

Nigeria, South Africa Set Up Advisory Council to Strengthen Trade, Investment

10 Ways Tax Bills Will Enhance State Revenues — Presidency

Nigeria, South Africa Cannot Afford To Fail Africa – Tinubu

Low-Income Earners Can Withdraw Total Retirement Savings — PENCOM

Greenwich Merchant Bank Appoints Benson Ogundeji as Managing Director/CEO

Unilever Nigeria Plc Announced the Resignation, Appointment of Managing Director

2025 Economic Outlook: Cardoso Confirms MPR as CBN’s Key Tool for Inflation Control

Economic Reforms: Cardoso Appeals to Nigerians Not to ‘Japa’

Tax Reform Bills: A Solution to Elite Financial Recklessness, Says Bishop Kukah

FCCPC Probes GT Bank, MTN, and Air Peace Amid Allegations of Violations

BREAKING: FG Orders Opay, Moniepoint, others to Charge 50 Naira E-Transfer Levy

Central Bank of Nigeria Plans Major Workforce Reduction Amid Strategic Restructuring

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