The National Bureau of Statistics (NBS), says the Federal Government generated N424.71 billion as Value Added Tax (VAT) in the third quarter (Q3) of the year as against N327.2 billion generated in the second quarter (Q2). NBS made this known in its “Sectoral Distribution of Value Added Tax Data for Q3 2020”, released on Monday Read More…
The Nigerian equities market resumed November trading with a loss of 0.17 per cent, halting the six-day bullish run on the back of profit taking. The All-Share Index decreased by 51.30 points or 0.17 per cent to close at 30,479.39 compared with 30,530.69 achieved on Friday. Also, the market capitalisation which opened at N15.957 trillion Read More…
Ikeja Electric Plc (IE) says it has commenced implementation of the revised Service Reflective Tariff (SRT), as approved by the Nigerian Electricity Regulatory Commission (NERC) effective Nov. 1. The electricity distribution company made the announcement in a public notice posted on its official Twitter account on Sunday. The previous SRT which began on Sept. 1 Read More…
The power sector has recorded yet another national peak generation of 5,520.40MW on Oct. 30 at 9.15pm, Mrs Ndidi Mbah, General Manager. Public Affairs, Transmission Company of Nigeria (TCN) made this known in a statement in Abuja on Saturday. She said that the new generation surpassed the previous 5.459 Mega Watts (MW) recorded on Oct. Read More…
The Federal Government says it will effect a change in Micro, Small and Medium Enterprises (MSMEs) Survival Fund and Guaranteed off-take Stimulus Scheme site from Nov.1 due to operational challenges. Amb. Mariam Katagum, Minister of State for Industry, Trade and Investment and Chairperson of the Steering Committee of National MSMEs Survival Fund and Guaranteed off-take Read More…
Nigeria is reaching out to the United States and South Korea to persuade them to back its pick to head the World Trade Organization, the trade ministry said on Friday, after the candidate’s last-minute rejection threw the selection process into confusion. The United States on Wednesday voiced its opposition to former Nigerian Finance Minister Ngozi Read More…
Trading reopened on the Nigerian Stock Exchange (NSE) on Friday after Eid-el-Maolud celebration still on an upward trend, growing by N571 billion. Speficially, the market capitalisation which opened at N15.386 trillion inched higher by N371 billion or 3.71 per cent to close at N15.957 trillion. Also, the All-Share Index improved by 1,093.09 points or 3.71 Read More…
The Transmission Company of Nigeria (TCN) says the nation’s power industry has attained another all-time national peak of 5,459.50 Mega Watts (MW). This was announced by Mrs Ndidi Mbah, TCN’s General Manager (Public Affairs), in Abuja on Thursday. Mbah said the national peak was efficiently transmitted through the nation’s transmission grid at a frequency of Read More…
The Lagos Chamber of Commerce and Industry (LCCI) says that it has rescheduled the 2020 edition of the Lagos International Trade Fair. Dr Muda Yusuf, Director-General of LCCI, said that the fair which was scheduled to hold from Nov.5 to Nov. 15, 2020 has been rescheduled for between Dec. 4 to Dec. 13, 2020 at Read More…
Advocates of women entrepreneurs have identified inadequate finance and information as topmost challenges among the leading Non-Tariff Barriers (NTBs) facing African businesswomen. The advocates stated this on Wednesday during a webinar on the Trade Easier Platform, a mechanism for reporting, monitoring and eliminating NTBs under the African Continental Free Trade Area (AfCFTA). According to them, Read More…
