Business Registration Certificates Will Now Have Tax ID—CAC

By Adedapo Adesanya The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that Nigeria saw a 65.7 per cent or N76.77 billion increase in earnings from the solid minerals sector in 2021 to N193.59 billion from the N116.82 billion achieved in 2020. This upward trajectory has been on for the past five years, according to a report from the agency. The Executive Secretary of NEITI, Mr Orji Ogbonnaya Orji, however, lamented that this is still abysmal considering the potential of the sector to the Nigerian economy. He said this while presenting the solid minerals sector report in Abuja, noting that

By Adedapo Adesanya Though the supply of foreign exchange (FX) in Nigeria has remained low, the Naira closed stronger against the United States Dollar in the Investors and Exporters (I&E) and the Peer-to-Peer (P2P) segments on Wednesday, September 20, and maintained stability in the parallel market. According to data obtained from FMDQ Securities Exchange, the local currency appreciated against the Dollar in the midweek session by 0.76 per cent or N5.89 to sell for N770.71/$1 versus the previous rate of N776.60/$1 amid a decline in the value of forex transactions by 9.4 per cent or $6.65 million to $64.36 million

Forex trading in Malaysia has been legal and regulated by the central bank, Bank Negara Malaysia (BNM), since 2012. While Malaysia’s growing economy attracts financial companies, traders need to beware of scammers who target beginners seeking quick profits. Traders Union (TU) experts provide a Forex scammer list for Malaysia and discuss types of Forex scams. Blacklist of Forex scam brokers in Malaysia BNM, the country’s financial regulator, maintains a list of nearly 400 companies involved in Forex trading scams in Malaysia. These companies are regularly updated as they engage in fraudulent activities, such as using manipulated software, blocking withdrawals, and

By Dipo Olowookere President Muhammadu Buhari on Thursday expressed his frustration at the huge problem his administration is facing in generating revenue to execute some critical projects that will benefit citizens of the country. Mr Buhari made this disclosure while speaking at the presentation of the 2021 appropriation act on the floor of the National Assembly in Abuja. However, he expressed confidence that this would be overcome, noting that efforts are already being put in place to address the issue. “Let me emphasise that revenue generation remains our major challenge. “Nevertheless, [the] government is determined to tackle the persisting problems

By Modupe Gbadeyanka As China rolls out ‘Healthy China 2030’ initiative and gets committed to deepening the supply-side structural reforms in 2017, Healthcare China 2017, a healthcare investment conference in China, will gather business insiders to help industry players succeed in the fast-growing healthcare market. Last October, the Chinese government approved a blueprint called “Healthy China 2030”, pledging to build a healthy China in the next 15 years. By 2030, the size of the healthcare market is expected to reach $2.3 trillion. This initiative is in line with China’s determination to deepen the supply-side structural reforms in 2017 by substantially

By Kenneth Horsfall In case you don’t know, the world of marketing is changing rapidly and video has become the new thing. In Nigeria alone, digital video marketing is a $135 billion industry. That means brands everywhere are realizing the value of video and investing in its creation and distribution. So why! Are you not doing the same? Getting Started with Video Marketing To get started let start with what is video marketing? Video marketing is the production of engaging videos around a marketing strategy that delivers business results. Whether you’ve just stepped onto the scene, or you’ve been using

By Dipo Olowookere Recently, XLR8, one of Nigeria’s leading communications management consultancy firms, was named the Corporate PR Practitioner of the Year 2017 in Lagos. The honour was bestowed on the company at the 2017 NIPR Presidential Awards ceremony. Here are pictures from the event.

By Investors Hub Asian stocks ended mixed on Wednesday as trade worries resurfaced and investors awaited cues from Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium on Friday and the Group of Seven (G7) summit to be held in southwestern France this weekend. Concerns about Italy’s political chaos and Britain’s tumultuous exit from the European Union also kept investors on the sidelines. Chinese stocks ended roughly flat as U.S. President Donald Trump toughened his trade rhetoric. Trump said on Tuesday that he had to confront China over trade even if it caused short-term harm to the U.S.

By Modupe Gbadeyanka Chief Executive Officer of Access Bank, Mr Herbert Wigwe, has revealed that the lender has booked a N4 billion impairment on its loan to Etisalat Nigeria, which recently changed its name to 9mobile after its main investor pulled out of the business. Speaking during an analysts’ call yesterday, Mr Wigwe said Access Bank hopes to recover the debt once 9mobile was sold to new investors, which will likely happen before the end of December 2017. According to him, the financial institution had a direct exposure of N11 billion to 9mobile, as well as an exposure of N35-N39

By Modupe Gbadeyanka Momentum is gradually gathering as the search for the 2018 Maltina Teacher of the Year has kicked off with a call on teachers across the country to avail themselves of the opportunity presented by the initiative. Corporate Affairs Adviser of Nigerian Breweries Plc, Mr Kufre Ekanem, explained that entries for the 2018 Maltina Teacher of the Year, which opened on Friday, May 25, 2018, will close on July 2, 2018. He enjoined interested teachers to download application forms from the Maltina website, www.maltina-nigeria.com. Applications forms are to be completed and uploaded to the website or sent by

By Adedapo Adesanya The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached out to the National Pension Commission (PenCom) to seek an arrangement that will see the association enlist its over 2.5 million members and workers for a pension scheme. This was disclosed by the association’s National President, Mr Chinedu Okoronkwo, who explained that the initiative was necessitated by the need to provide a retirement plan for its members. Mr Okoronkwo said top members of the group, including some national officers and consultants as well as Mr Maurice Ibe of the Benham Group, have met with senior PenCom officials