Business Hilights

Tracking Nigeria's Headline Business News Online

Month: January 2024

Reno Omokri’s Review of Tinubu’s New Year Address

What was missing from President Bola Tinubu’s New Year’s Day broadcast to the nation was sacrifice. Yes, he admitted that the economy was tottering when he took over on May 29, 2023, and he has had to make difficult decisions…

Trade Fair Complex ED calls for new partnership with stakeholders

The Executive Director of Lagos International Trade Fair Management Board, Barr. Vera Ndanusa has called for renewed partnership with stakeholders’ doing business in the complex in the new year, 2024. In a terse complementary message sent to all stakeholders and…

FG hangs new electronic money transfer tax on bank customers

At a time the government is encouraging cashless policy, effective January 1, 2024, the Federal Government has imposed yet another tax on electronic transfers it calls Electronic Money Transfer Levy EMTS. According to a memo by the Federal Inland Revenue…

NGX Releases Results of Half-Year Review of Market Indices

Nigerian Exchange Limited (“NGX” or “The Exchange”), the sustainable exchange championing the development of Africa’s largest economy, has announced the results of its half year market index review for the following indices – NGX 30; NGX Lotus Islamic; NGX Pension;…

Tinubu signs 2024 Busget, Seeks MDAs Monthly Performance Report

President Bola Tinubu has signed the 2024 Appropriation Bill into law in keeping with his avowed commitment to maintaining a timeous, predictable, and efficient budget cycle. President Tinubu assented to the bill at the State House, on Monday, shortly after…

Defence, Humanitarian Ministers visit Plateau attack LGAs

The Honorable Minister of State for Defence, Dr. Muhammed Bello Matawalle MON and Hon. Minister of Humanitarian and Poverty Alleviation Dr Betty Edu  led a powerful Federal Government delegation to visit and commiserate with the government and good people of…

Dollar losing share in oil transactions – JP Morgan

A fifth of global supplies were sold and purchased in other currencies, according to analysts’ estimates Global consumers and exporters of crude are now managing without dollar-denominated trade deals, the Wall Street Journal reported this week, citing the head of…

Dangote Refinery Berths 4th One Million Barrels of Crude; Fifth, on the way

Preparations are in top gear for the commencement of production in Dangote Refinery, as the petrochemical company has received the fourth crude shipment of, one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL),…