Business

FG to set up portal for import duty exemptions

Ihesiulo Grace 12 December 2019 0

Abuja – The Federal Executive Council (FEC) on Wednesday approved the development of a portal for the management of import duty exemptions and vehicle identification numbers. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed disclosed this at the end of the

Business

Customs bans import, export of goods through land borders

Ihesiulo Grace 14 October 2019 0

Col. Hameed Ali (rtd), the Comptroller-General of Nigeria Customs Service (NCS), has said that the closure of the nation’s borders had saved 10.2 million litres of Premium Motor Spirit (PMS), from being smuggled out. Hameed Ali, at a press conference in Abuja on Monday. also said no item can be imported exported through the nation’s […]

Business Headlines News

Foreign trade : Nigeria’s total export hits N3.6trn in nine months

Ihesiulo Grace 13 December 2017 0

… Imported good drops by 9.41%-NBS The National Bureau of Statistics (NBS) has said that Nigeria total exports in the third quarter of 2017 has recorded N3.57trillion, representing 15.19 per cent growth, compared to the second quarter of the same year, while showed a 53.85 per cent growth compared to the third quarter in 2016. […]

Business

Finance ministry denies granting duty waivers to importers, others

Ihesiulo Grace 27 November 2017 0

…..Warns against maligning Adeosun The Federal Ministry of Finance has said that it has always complied with the statutory procedures before granting import duty waivers. The ministry, has therefore, said that it was aware of attempts by some importers and Non-Government Organisations (NGOs) to malign the name of the Honourable Minister of Finance, Mrs. Kemi […]

Opinion

How govt can create millionaires from entertainment sector

Ihesiulo Grace 7 November 2017 0

Funding is the most critical component in growing any business, the entertainment business is no different. Entertainment entrepreneurs are the most disadvantaged of all Entrepreneurs in Nigeria because banks, Private Equity and Venture Capitalist Firms in Nigeria refuse to put their capital in the entertainment space. A huge majority of Entertainment Entrepreneurs in

Business News

Poverty: Afreximbank’s president urges countries to de-emphasise grants, aids

Ihesiulo Grace 12 October 2017 0

President of the African Export-Import Bank (Afreximbank),Dr. Benedict Oramah, said in New York yesterday, that African countries should lay far less emphasis on grants and aid in order to pull themselves out of poverty, which has been their development bane over the decades. Delivering a lecture titled: “A Path to Making Africa Great Again,” at […]