Category: Business news

eco single currency when will nigeria be ready for the implementation 240x165 - Eco Single Currency: When Will Nigeria Be Ready For The Implementation?

Eco Single Currency: When Will Nigeria Be Ready For The Implementation?

The Implementation of the ECOWAS Single Currency,  “Eco,” in 2020 has been delayed for too long with the Nigerian government ‘s failure to meet the required criteria forset by the Member States. Naija News Understands that only one country out of the ECOWAS member states had been able, for over a period of three years, […]

inflation rises to 11 98 in december nbs 240x180 - Inflation Rises To 11.98% In December – NBS

Inflation Rises To 11.98% In December – NBS

The National Bureau of Statistics (NBS) says Consumer Price Index, (CPI) which measures the inflation rate, increased by 11.98 percent year-on-year in December 2019. Naija News Understands that the NBS made this known in its CPI and Inflation Report of December 2019 released on Friday. NBS said the CPI report for December recorded an inflation […]

nigerian government reveals when 7 5 vat will take effect 240x169 - Nigerian Government Reveals When 7.5% VAT Will Take Effect

Nigerian Government Reveals When 7.5% VAT Will Take Effect

Nigerian Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has revealed that the implementation of Value Added Tax (VAT) increment from five percent to 7.5 percent will take effect from Feb. 1. Ahmed who made this known during the inauguration of the Chairman and Board members of the Federal Inland Revenue Service (FIRS)  […]

benue ortom approves the payment of 30000 naira minimum wage 240x158 - Benue: Ortom Approves The Payment of 30,000 Naira Minimum Wage

Benue: Ortom Approves The Payment of 30,000 Naira Minimum Wage

Benue State Government has approved the payment of the sum of thirty thousand naira minimum wage for the State civil servants. The Special Adviser to the Governor on Labour and Employment, Chief Ode Enyi, who made this known at a press conference in Makurdi, said that the state capital that the state government approved the […]

fg discloses plan to replace petrol with cng 240x180 - FG Discloses Plan To Replace Petrol With CNG

FG Discloses Plan To Replace Petrol With CNG

The Federal Government have disclosed that they are working on providing an alternative that will cause the petrol price to fall Naija News understands. About for months ago, Naija News reported that Nigeria’s Senate President, Ahmad Lawan, reveals when the upper chamber will conclude work on the Petroleum Industry Bill (PIB). Lawan lamented that the […]

president buhari makes new appointment in cbn 240x180 - President Buhari Makes New Appointment In CBN

President Buhari Makes New Appointment In CBN

President Muhammadu Buhari has made a new appointment in the Central Bank of Nigeria (CBN), Naija News understands. Naija News reports that the President sent the name of Dr. Kingsley Isitua Obiora to the Nigerian Senate for confirmation as Deputy Governor of the CBN. This online news platform understands that Obiorah’s nomination was contained in […]

world bank gives 3bn loan to nigeria 240x165 - World Bank Gives $3bn Loan To Nigeria

World Bank Gives $3bn Loan To Nigeria

The World Bank has approved the 3billion Dollars loan request by Nigeria for the expansion of the transmission and distribution facilities of the power sector. Speaking after the approval of the loan during sideline event of the World Bank, The Minister of Finance, Zainab Ahmed stated that the loan would be disbursed in four tranches […]

nigeria has revenue crisis and it is worrisome finance minister reveals 240x165 - Nigeria Has Revenue Crisis And It Is Worrisome, Finance Minister Reveals

Nigeria Has Revenue Crisis And It Is Worrisome, Finance Minister Reveals

Nigeria’s Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has restated her commitment to improve the revenue of the nation. Ahmed revealed the commitment of the federal government while debunking an alleged erroneous believe that Nigeria is facing a debt crisis. She explained that  Nigeria’s debt profile is still within a reasonable limit. Naija […]

just in firs generates 4 trillion naira so far in 2019 240x180 - Just In: FIRS Generates 4 Trillion Naira So Far In 2019

Just In: FIRS Generates 4 Trillion Naira So Far In 2019

The federal government tax-collecting agency in Nigeria (FIRS) has revealed how much the country has generated so far this year. Naija News understands that the Federal Inland Revenue Service Executive Chairman, Babatunde Fowler made this known during the Lagos International Trade Fair held at Tafawa Balewa Square. Speaking on the“FIRS Special Day”  Fowler revealed that […]

chevron set to sell its nigerian oil block 240x169 - Chevron Set To Sell Its Nigerian Oil-Block

Chevron Set To Sell Its Nigerian Oil-Block

Chevron Nigeria has revealed its plan to sell some oilfields to restructure its portfolio and grow its U.S. shale output. Naija News understands that chevron has started discussing with buyers to sell some of its onshore and near offshore assets in Nigeria. Information on the firm’s website shows that it has a 40 percent stake in […]