Business – Gist Ok – Nigeria News, Nigerian Newspapers

Updates:Africa Prudential, Infinity Mortgage Bank’s Q1 results forewarn impact of coronavirus

besti123 — Sun, 19 Apr 2020 22:09:47 +0000

It is less than a week that the International Monetary Fund (IMF) predicted the Nigerian economy would contract by as much as 3.4 percent in 2020, emerging trend in the first quarter 2020 results of listed firms offer stakeholders a glimpse of what the performance of quoted companies in the first three months of this […]

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Breaking!!Nigeria must gradually reopen the economy

besti123 — Sun, 19 Apr 2020 21:28:56 +0000

Nigeria’s economy must gradually begin to reopen because lockdown cannot be forever, so declared the Director-General of the Nigeria Centre for Disease Control (NCDC), Chikwe Ihekweazu, who visited Port Harcourt Sunday afternoon. He said that because the prolonged lockdown cannot continue indefinitely, stakeholders must begin to work towards gradually reopening the economy without endangering the […]

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Border Closure: Sellers lament as Nigerians shun local rice

Gist ok Ok — Wed, 16 Oct 2019 06:27:13 +0000

Rice sellers in Ilorin, the capital of the state of Kwara, have expressed concern about consumers’ reluctance to buy locally produced rice. Some rice sellers who spoke with Latest Nigeria newspaper on Tuesday said consumers preferred to pay more for imported foreign rice than the cheaper locally produced. Mallam Mahmud Ismail, a rice seller, said only […]

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Buhari govt insists on VAT increment, gives reason

Gist ok Ok — Tue, 15 Oct 2019 06:39:27 +0000

Ms. Zainab Ahmed, Minister of Finance, Budget, and National Planning, insisted that Value Added Tax (VAT) should increase. She said this, noting that the country will not be able to achieve 80% of revenue performance in 2019. Latest Nigeria newspaper report that Ahmed, in the public presentation of the 2020 budget proposals, said that in […]

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CBN issues fresh guidelines on payments system

Gist ok Ok — Fri, 11 Oct 2019 06:54:19 +0000

The Central Bank of Nigeria (CBN) issued regulatory guidelines on Thursday for the operation of Indirect Participants in the Payment System, beginning November 11. The central bank disclosed this in a circular issued by the Director of CBN, Department of Payment System Management, Mr. Sam Okojere, to the banks. Indirect Participants are payment service providers […]

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Pay your dues – UN tells govts amid near decade worst cash crisis

Gist ok Ok — Wed, 09 Oct 2019 06:57:35 +0000

The United Nations says it faces a severe cash shortage. Consequently, the world agency has asked more governments to pay their annual fees. Our work and our reforms are at risk,” UN chief António Guterres told member states on Tuesday. Latest Nigeria newspaper report that The Secretary General said that he had written to Member […]

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Buhari’s minister reveals effect of proposed VAT increase on Nigerians

Gist ok Ok — Tue, 08 Oct 2019 07:05:54 +0000

Ms. Zainab Ahmed, Minister of Finance, Budget and National Planning, says that the proposed increase in Value Added Tax (VAT) will have a greater impact on the consumption of urban communities and the richest sectors of the population. Latest Nigeria newspaper report that Ahmed, who said this at the 25th Nigerian Economic Summit in Abuja […]

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Nigerian govt reveals new plans for teachers

Gist ok Ok — Sat, 05 Oct 2019 17:37:56 +0000

President Muhammadu Buhari has said that his administration will provide dynamic policies that will provide subsidies and initiate annual retention benefits for teachers in order to attract them to rural communities. Buhari, who was represented by the Attorney General of the Federation, Judge Abubakar Malami, announced this in Abuja on Saturday in celebration of World […]

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Nigeria, Germany sign new deal

Gist ok Ok — Sat, 05 Oct 2019 07:26:42 +0000

The federal government in Abuja signed a bilateral financing agreement of 70 million euros with the Republic of Germany. Latest Nigeria newspaper report that The agreement was about sustainable economic development, renewable energy, polio eradication, internally displaced persons, and host communities in northern Nigeria, education, peace, and security. READ ALSO: Nigeria at 59: We no […]

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CBN sends powerful message to youths in creative industry

Gist ok Ok — Tue, 01 Oct 2019 08:56:58 +0000

The Central Bank of Nigeria (CBN), has assured youths in the creative industry that they will benefit from a N22 billion intervention fund set aside to support the struggle to reposition the economy and diversify it. Latest Nigeria newspaper report that CBN Governor, Godwin Emefiele, yesterday, at the Creative Nigeria Summit, said while the positive […]

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