Business

FIRS Generates N13B From Billionaire Tax Defaulters

September 24, 2018 Joshua Samuel

The Federal Inland Revenue Service (FIRS) has generated N12.66 billion in tax revenue about a month after it commenced substitution of accounts of recalcitrant billionaire taxpayers. Executive Chairman of FIRS, Tunde Fowler, disclosed this over the weekend when he received the new Minister of Finance, Hajiya Zainab Ahmed, at the {Read More..}

Business

Starbucks To Shut Down 150 Stores

June 20, 2018 Joshua Samuel

If you sometimes get the impression there is a Starbucks on every street corner in major U.S. cities, you’re not that far off the mark. And that density is becoming a problem as stores cannibalize each other’s business. So Starbucks said on Tuesday that it would close U.S. 150 stores, {Read More..}

Business

Full List Of Forbes Africa’s 30 Under 30 List For 2018, Davido, Wizkid, Falz, Others Make List

June 4, 2018 Blessing

Forbes Africa releases its 2018 list celebrating individuals under 30 that are making a name in the world. The list is divided into three; Creative, Technology and Business. Music stars such as Wizkid, Davido, Sarkodie, Nasty C, Cassper Nyovest, Falz, Yemi Alade also made the list. Fashion entrepreneurs Adebayo Oke-Lawal of Orange Culture and Tania Omotayo of Ziva Lagos; beauty entrepreneurs Anita {Read More..}

Business

CBN Injects Fresh $210 Million into Forex Market

March 13, 2018 Joshua Samuel

The Central Bank of Nigeria (CBN) has disclosed that it has injected another $210 million into the foreign exchange market. The Acting Director, Corporate Communications Department, Mr Isaac Okoroafor, in a statement in Abuja, explained that the move is to guarantee the availability of foreign exchange for capital exit. In {Read More..}

Business

Quote of the Day

February 22, 2018 Joshua Samuel

“A good businessman must have nose for business the same way a journalist has nose for news. In places where people see a lot of obstacles, I see a lot of opportunities. A good businessman sees where others don’t see.” – Orji Uzor Kalu Joshua SamuelEditor in Chief at Get247News. {Read More..}

Business

Naira Accepted as Legal Tender in Britain

February 12, 2018 Joshua Samuel

According to statement by the UK finance agency, the British government has agreed to accept the naira for trade payment in the country. According to reports, the development would help UK exporters compete for major foreign contracts and also allow foreign traders access long term finance in their local currencies {Read More..}

Business

BoI Pledges Commitment to SMEs

January 31, 2018 Joshua Samuel

The Bank of Industry (BoI)  has said it is committed to ensuring that more industries are created while existing ones are supported in order not to go into extinction. The Managing Director of BoI, Mr Olukayode Pitan, stated this at Ibadan when he paid  curtsy call on Governor Abiola Ajimobi. {Read More..}

Business

Bayelsa State Government to Commence Fish Export Soon

January 25, 2018 Joshua Samuel

The Bayelsa State Government has announced that it would soon embark on exportation of fish from its aqua farm. The state’s Commissioner for Agriculture and Natural Resources, Mr Doodei Week, made the disclosure at the inter-ministerial and agency briefing in Yenegoa, the state capital. Mr Week disclosed that one of {Read More..}