Business

A court document has showed that Ex-president Donald Trump and his eldest children are scheduled to testify in New York’s civil probe into alleged fraud at their family business from July 15. The filing said New York state attorney general, Letitia James and her team of investigators will have to conclude their questioning by the […]

According to reports, the nation is the first to advance such a move in South-East Asia, a region known for its stringent drug laws. But recreational use is still banned, even though advocates say the easing effectively decriminalises marijuana. Deputy Prime Minister and Health Minister, Anutin Charnvirakul, said on his social media accounts last month […]

The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have signed a Memorandum of Understanding [MOU], to boost revenue collection at the nation’s free trade zone areas across the country. Speaking at the signing ceremony recently in Abuja, NEPZA Managing Director, Prof. Adesoji Adesugba said the MOU only aims at […]

The World Bank and the International Monetary Fund (IMF) have seen prospects in the removal of trade barriers and incentives for higher production as the risk of inflation spreads across the global community. This comes as the World Bank raises Nigeria’s 2022 economic growth prospect to 3.4 per cent – 0.9 percentage points higher than […]

The Chief Executive Officer, Pan African Payment and Settlement System (PAPSS) Afreximbank, Mike Ogbalu, said African businesses lose over five billion dollars every year to charges, payments and other related costs to intra-African trade barriers. Mr. Ogbalu stated this at the breakfast meeting of the Nigerian American Chamber of Commerce (NACC) with the theme: “One […]

The Association of Food, Beverage and Tobacco Employers (AFBTE) has decried the deplorable state of infrastructure and insecurity in the country, saying the challenges hamper growth of the food and beverage industry. The employers called on the Federal Government to find a lasting solution, stating that despite efforts had been made in the past to […]

Ukraine’s central bank has more than doubled its interest rate to 25 percent to the highest level for any European country. The move is intended to slow increasing inflation and prevent a further collapse of its currency following Russia’s invasion in February. The World Bank predicted that Ukraine’s economy could fall by as much as […]

June 3, 2022

The Federal Government has directed the Nigerian National Petroleum Corporation (NNPC) to implement a deal on a gas pipeline to Europe through Morocco. Approval for a memorandum of understanding on the gas project with West African regional bloc ECOWAS was given after the Federal Executive Council meeting, The Minister of Petroleum, Mr. Timipre Sylva, who […]

President Muhammadu Buhari has congratulated Her Majesty Queen Elizabeth II on her Platinum Jubilee. President Buhari’s congratulatory message, which was contained in a series of tweets on his official handle on Thursday night, described the Queen as a compassionate leader. He, therefore, on behalf of all Nigerians, wished her many more years as Queen of […]

The Federal Executive Council (FEC) has given approval for the NNPC to enter into agreement with ECOWAS for the construction of the Nigeria-Morocco Gas Pipeline. Minister of State for Petroleum Resources, Timipre Sylva, briefed State House correspondents after FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja. Sylva […]


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