Business

KADCCIMA to hold 46th int’l trade fair

Despite the hardship and economic challenges being faced in the country due to inflation, the Kaduna Chamber of Commerce, Mines and Agriculture (KADCCIMA) has disclosed plans to hold the 46th edition of the Kaduna International Trade Fair.  Addressing a press conference preparatory to the fair slated for 14th to 23rd February, 2025, Alhaji Farouk Suleiman, 1st deputy president of the …

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South Korea Seeks New Warrant To Arrest Impeached President Yoon

The former star prosecutor has refused questioning three times over a bungled martial law decree last month which plunged South Korea into its worst political crisis in decades. South Korean anti-graft investigators were holding on Tuesday for a new court-ordered arrest warrant for impeached President Yoon Suk Yeol, whose failed martial law bid threw the country into turmoil. The former …

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2025: With right investment, policies maritime sector‘ll drive economy

The Sea Empowerment Research Centre has said that with the right investments, policies and regulations, the maritime industry can play a crucial role in driving the country’s economy and connecting it to global market. The Center added that it is essential to address the myriads of challenges plaguing the industry and implement reforms that will enhance the efficiency and competitiveness of …

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Net Forex Inflows Rises To $4692bn, Says CBN

The CBN’s Economic Report for the review period showed that the rise was from $28.31 billion in the corresponding period of 2023. Data from the Central Bank of Nigeria said the net foreign exchange (FX) inflows through the economy rose by 65.7 per cent year-on-year (YoY) to $46.92 billion in the first ten months of 2024 (10m’24). The CBN’s Economic …

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Manufacturing sector remains top VAT contributor at 22.21%

The manufacturing sector remained the top contributor to Value-added Tax (VAT) with a contribution of N395.34 billion, representing 22.21 percent of the N1.78 trillion total VAT collections in the third quarter of 2024 (Q3’24), reaffirming its critical role in Nigeria’s economic development. Recall that the National Bureau of Statistics (NBS) also reported the manufacturing sector as the highest sectoral contributor, accounting …

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Stock market opens 2025 with N155bn gain

The stock market started the year on a strong note, delivering an impressive N155 billion profit to investors on the first trading day. The positive performance was driven primarily by gains in Tier-one banking stocks, namely, Zenith Bank, United Bank for Africa (UBA) and FBN Holdings, Access Corporation, among other equities. Specifically, the market capitalisation, which opened at N62.763 trillion, …

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Toyota Nigeria crowned Auto Company of the Decade

Toyota (Nigeria) Limited (TNL) ended the 2024 business year on a high as it emerged as the Auto Company of the Decade. It received the honour at the Nigeria Auto Journalists Awards held in Lagos on Wednesday December 11, 2024, bagging one of the biggest awards at last year’s event. It was the first time any automobile firm in Nigeria …

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Used Car Dealer Sales Tricks Exposed

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also obeys your commands. I want to come with you to …

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Imagine Losing 20 Pounds In 14 Days!

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also obeys your commands. I want to come with you to …

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Scientist Finds Breakthrough Weight Loss Formula!

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also obeys your commands. I want to come with you to …

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