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Category: Economy

Business Economy headline

CBN suspends charges on cash deposits above N500k

Iheanyi Ejiofor December 11, 2023 No Comments #CBN#Charges on cash deposits

Our reporter/ The Central Bank of Nigeria (CBN) on Monday suspended the processing fees on cash deposits above N500,000 until April 2024. In a circular signed by Adetona Adedeji, its acting…

Read More CBN suspends charges on cash deposits above N500k
Business Economy headline

Why more manufacturers may leave Nigeria after P&G – MAN

Iheanyi Ejiofor December 11, 2023 No Comments #Man#P&G

Our reporter/ The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, on Monday predicted that more manufacturers will leave Nigeria over hostile operating environment. Ajayi-Kadir, who regretted…

Read More Why more manufacturers may leave Nigeria after P&G – MAN
Business Economy headline

CBN insists there’s sufficient stock of naira notes as complaints about scarcity persist

Iheanyi Ejiofor December 11, 2023 No Comments #CBN#Naira scarcity

Amidst complaints by some Nigerians about the scarcity of naira notes, the Central Bank of Nigeria (CBN) says there is an adequate supply of the currency. This follows complaints by some…

Read More CBN insists there’s sufficient stock of naira notes as complaints about scarcity persist
Business Economy

Dangote Cement inducts graduate trainees to boost employment

Iheanyi Ejiofor December 11, 2023 No Comments #Dangote cement

…Awards Outstanding Staff Dangote Cement Plc, last weekend, inducted 81 trainees in its Graduate Trainee programme to boost employment in the country. The company, it would be recalled, since the…

Read More Dangote Cement inducts graduate trainees to boost employment
Business Economy headline

FG exempts LPG importation from VAT, customs duty

Iheanyi Ejiofor December 9, 2023 No Comments #liquefied petroleum gas (LPG)#VAT

The federal government has exempted the importation of liquefied petroleum gas (LPG) and its equipment from the payment of customs duty and value-added tax (VAT). The move is expected to result…

Read More FG exempts LPG importation from VAT, customs duty

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