Business - Page 2

European Commission Vice President Valdis Dombrovskis speaks in Brussels, Belgium, February 16, 2021. REUTERS/Johanna Geron/Pool

EU slaps Chinese electric cars with tariffs of up to 38%

The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of “unfair” state subsidies, despite Beijing’s warnings the move would unleash a

4 hours ago

by AFP

CBN warns banks against rejecting old, lower dollar bills

All denominations of dollars are accepted in the country, the Central Bank of Nigeria (CBN) has insisted, warning banks against rejecting lower and old denominations. It is a standard practice by some

13 hours ago

Business

Telcos swap 1,911 users in Q1 as Lagos, two others control 23% subscribers

Data from the National Bureau of Statistics (NBS) have revealed that mobile network operators (MNOs) exchanged 1,911 subscribers through mobile number porting (MNP) in the first quarter. The NBS disclosed that MTN

13 hours ago

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

1 day ago

Business·Slide

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

1 day 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

1 day 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

1 day 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

1 day 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

1 day 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),

1 day 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

1 day ago

Business

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Business - Page 2

EU slaps Chinese electric cars with tariffs of up to 38%

CBN warns banks against rejecting old, lower dollar bills

Telcos swap 1,911 users in Q1 as Lagos, two others control 23% subscribers

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

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