Business

Federal Government rolls out fresh withholding tax regulations

The Federal Government has rolled out fresh deduction tax at source (withholding) regulations to boost its revenue drive, a document obtained by The Guardian has shown. Tagged: ‘Deduction of Tax at Source

2 hours ago

by Collins Olayinka

Africa’s exports decline by 5% as global trade nears $32 trillion

The United Nations Trade and Development (UNCTAD), yesterday, said global trade was on the way to recovery, and might hit $32 trillion before the end of 2024 as the first half of

2 hours ago

Business

Industrial goods upturn 2023 poor performance, record 73% gain in H1

Contrary to the paltry 12 per cent return on investment recorded by the industrial goods segment of the Nigerian Exchange Limited (NGX) last year, the sector has outperformed other segments to gain

2 hours ago

Business

As rising production costs add to consumer inflation concerns…

In the past year, the naira depreciated from N460 to nearly N1500 to the dollar, resulting in a significant increase in the prices of manufacturing inputs. This has worsened the cost of

2 hours ago

Business·Industry

Telecoms attracts $191.5 million foreign investments in Q1

The telecommunication sector attracted $191.5 million in Foreign Direct Investment (FDI) in the first quarter of 2024. This was disclosed by the National Bureau of Statistics (NBS) in the latest capital importation

2 hours ago

Business

African countries to align BIAT action plan with AfCFTA goals

African countries are seeking to implement the Boosting Intra-African Trade (BIAT) Action Plan to align with the goals of the African Continental Free Trade Area (AfCFTA) and improve Africa’s share of global

2 hours ago

Business

Stakeholders seek innovative approach to revive real sector

Calling for innovation, an end to unhelpful policies and practices that stifle manufacturing as well as better business environment, the umbrella body for manufacturers in Nigeria, the Manufacturers Association of Nigeria (MAN),

3 hours ago

Business

Neimeth targets N5b turnover this year

Neimeth International Pharmaceuticals Plc plans to grow its turnover by more than 127.7 per cent in the 2024 financial year compared to what it made in 2023. The company plans to generate

3 hours ago

Business

MultiChoice plans 6,000 hours of local content in 40 languages yearly

Africa’s leading entertainment platform and largest producer of original content on the African continent, MultiChoice, has announced a milestone of 6,000 hours of local content produced in 40 languages each year, airing

3 hours ago

Business

NRC generates N1.42 billion, N607.32 million in Q1

The Nigerian Railway Corporation (NRC) generated N1.42 billion in revenue by transporting 675,293 passengers and N607.32 million moving goods in the first quarter of 2024. The National Bureau of Statistics (NBS), in

3 hours ago

Business

Shareholders laud CAP on sustained 2023 performance

Shareholders of paint manufacturer in Nigeria and West Africa, Chemical and Allied Products Plc (CAP Plc.) have approved a final dividend of N1.55 kobo per 50 kobo ordinary share, bringing the total

3 hours ago

Business

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Business

Federal Government rolls out fresh withholding tax regulations

Africa’s exports decline by 5% as global trade nears $32 trillion

Industrial goods upturn 2023 poor performance, record 73% gain in H1

As rising production costs add to consumer inflation concerns…

Telecoms attracts $191.5 million foreign investments in Q1

African countries to align BIAT action plan with AfCFTA goals

Stakeholders seek innovative approach to revive real sector

Neimeth targets N5b turnover this year

MultiChoice plans 6,000 hours of local content in 40 languages yearly

NRC generates N1.42 billion, N607.32 million in Q1

Shareholders laud CAP on sustained 2023 performance

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