• USA

    Senate confirms Tillerson as US secretary of state

    The US Senate on Wednesday confirmed former ExxonMobil chief Rex Tillerson as the next secretary of state, handing a major boost to President Donald Trump as he builds his cabinet. Tillerson, 70, had come in for severe criticism from Democrats who warned that his business approach and lack of government ...

  • USA

    Senate panel approves Trump’s Treasury, Health nominees without Democrats

    Republican leaders suspended the rules of a key US Senate panel Wednesday to allow it to approve President Donald Trump’s nominees for Treasury and Health secretaries without any Democrats present. The controversial move came a day after Democrats boycotted the Senate Finance Committee hearing to consider the nominations of Wall ...

  • Nigeria

    Luxury items to attract more VAT

    Olalekan Adetayo, Abuja The Federal Executive Council on Wednesday approved the Revised National Tax Policy. The policy will see the Value Added Tax on luxury items like champagne, increasing from the current five percent among other changes. The Minister of Finance, Kemi Adeosun, disclosed this to State House correspondents at ...

  • Nigeria

    Investment inflow drops to ten year low at $5.12bn

    Ifeanyi Onuba, Abuja The Nigerian economy recorded its worst investment inflow in ten years with the country attracting a total investment of $5.12bn in the 2016 fiscal period. The $5.12bn investment figure when compared to the $9.64bn which the economy attracted in 2015 represents a huge decline of $4.52bn or ...

  • Nigeria

    Ambode okays death penalty for kidnappers

    Governor Akinwunmi Ambode on Wednesday signed the anti-kidnapping bill recently passed by the Lagos State House of Assembly into law. The governor vowed to ensure it full implementation to stop the activities of kidnappers in the state. The Prohibition of the Act of Kidnapping Law imposes a penalty of life ...

  • Nigeria

    FEC approves revised National Tax Policy to check low taxation

    The Federal Executive Council on Wednesday in Abuja approved a revised National Tax Policy to address low taxation in the country. The Minister of Finance, Mrs Kemi Adeosun made this known at a joint press briefing with the Minister of Information and Culture and Minister of State for Aviation Hadi ...

  • USA Nigeria

    Fight against Boko Haram plunges far eastern Niger in serious food crisis

    Source: Oxfam Country: Niger, NigeriaOXFAM observes that the war against Boko Haram has severely limited farming and fishing activities, which are important economic activities in the eastern regions.The devastation caused by Boko Haram and the military forces fighting them has plunged the people of far eastern Niger into a serious food ...

  • Nigeria

    Nigeria: Nigerian Investor, Dangote to Diversify Investments in Zambia, Others

    [Guardian] Nigerian multi-billionaire investor, Aliko Dangote, has expressed the desire of his group to further consolidate on his existing investments in Zambia and other African countries by exploring opportunities in the energy and agriculture sectors.

  • Nigeria

    Commercial Activities Paralyzed As Agbor Residents Protest Epileptic Power Supply

    Business and commercial activities came to a halt as residents took to the street to protest poor and epileptic power supply to Ika nation by the Benin Electricity Distribution Company (BEDC). The protest organised by the Ika Landlords and Landladies Association brought the town to a standstill as they marched ...

  • Nigeria

    Kunle Afolayan, Multichoice Partner On Three Films

    After a swell outing with his pan Africa film, ‘The CEO’, popular Nigerian filmmaker, Kunle Afolayan is back with a set of three films, sponsored by Multichoice Nigeria. The threesome; ‘Roti’, ‘Umogwo’ and ‘Tribunal’ will enjoy back-to-back filming that will fast-track their releases, beginning from the first quarter of the ...