The Central Bank of Nigeria has introduced an Electronic Invoice for imports and exports of goods In a released circular, Apex Bank said the issuance of the e-Invoice is to begin February 1, 2022.

The World Bank slashed its global growth forecast for 2022 and 2023, and cautioned that a rise in inflation, debt and income inequality could jeopardize the recovery in emerging and developing economies. Global growth is expected to slow to 4.1% in 2022 and 3.2% in 2023 as more nations start unwinding unprecedented levels of fiscal […]

Tesla has opened a new showroom in the capital of Xinjiang, a region at the heart of years-long campaign by Chinese authorities of repression and assimilation against the Uyghur people. Tesla announced the opening in Urumqi with a Weibo post on 31 December saying: “On the last day of 2021, we meet in Xinjiang. In […]

Nigerian stocks added 2.16 per cent or N471.4 billion on Friday in an end-of-the-year rush for shares that helped equities deliver a 6.07 per cent return, but that was miles away from the 50 per cent reported for last year. Investors doubled down on their resolve to own more shares as trade volume expanded by […]

(Reuters) – Electric-car maker Tesla Inc’s Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11 billion in taxes this year. Earlier this week, Democratic U.S. Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop “freeloading off everyone else” after Time magazine […]

The National Bureau of Statistics (NBS) has said inflation rate reduced from 15.99 per cent in October to 15.40per cent in November this year. The decline is for the eighth consecutive months amid consistent rise in food prices. This is contained in its document titled: “Consumer Price Index November 2021.” The NBS stated: “The consumer […]

In what it said was part of its efforts to stop Nigeria’s heavy reliance on importation to meet demand, the Central Bank of Nigeria (CBN) has revealed plans to share N41 billion to farmers across 15 states. Godwin Emefiele, the Governor of the CBN revealed this as the bank plans to register farmers at the […]

President Muhammadu Buhari’s regime, through the Nigerian Civil Aviation Authority (NCAA), has again restricted the flight operations of Emirates airlines days after granting it approval. This was contained in a letter marked NCAA/DG/AIR/11/16/329, dated December 9, 2021, and signed by Musa S. Nuhu, the agency’s director-general. “I wish to inform you of the withdrawal of […]

In ten months, the telecommunications industry lost 14 million internet subscribers, and the Minister of Communications, Isa Pantami, has attributed this to criminal activities. The Nigerian telecoms market, which comprises of major telcos like MTN Nigeria, Glo, Airtel and 9mobile, had been losing subscribers according to industry data from the Nigerian Communications Commission (NCC). As […]

The National Coordinator, Progressive Shareholders Association (PSA), Okezie Boniface, has commended MTN Group for its decision to sell up to 575 million shares in MTN Nigeria to institutional and retail investors. He made the commendation at an Investors Forum held at the Lagos Marriot. Speaking at the investors’ forum, Boniface described the move as a […]

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