Tags : business

Why The UK Plans To Cut Import Taxes On Goods

The UK’s Department for International Trade has revealed plans to cut taxes by around 99% of goods imported from some African countries in a new trading scheme. The Developing Countries Trading Scheme, implemented in January 2023, would focus on boosting trade links between the UK and lower-income nations across the globe. The Department for International […]Read More

Aliko Dangote’s Automobile Company Begins Car Assembling In Nigeria

Aliko Dangote’s automobile company has begun operations in Nigeria, starting with the assembling of the Land Trek, 3008, 5008 and the new 508 models. The Dangote Peugeot Automobiles Nigeria Limited (DPAN) begins operations nearly four years after joint owners Dangote Group received approval to take over the non-functional Peugeot plant, now known as PAN Nigeria […]Read More

Nigerian Stock Market Opens November Bearish, Down By N32Bn

Nigerian stock market opened trading for November on a negative note with the market capitalisation which previously resumed for the month at N21.938 trillion, ending up losing N32 billion or 0.15 percent on profit-taking. Also, the All-Share Index dropped 61.81 points or 0.15 per cent to close at 41,976.79 from 42,038.60 achieved on Friday. The […]Read More

15% Businesses Expanded Using Tech Despite COVID-19

A report released by the National Bureau of Statistics (NBS) has revealed that 15 percent of businesses expanded their operations during the COVID-19 pandemic while incorporating technology to conduct business. The report titled: “The Impact of COVID-19 on Business Enterprises in Nigeria,” was launched by NBS in partnership with the United Nations Development Programme (UNDP). […]Read More

Tenets Of The Newly Signed Petroleum Industry Law

President Muhammadu Buhari on Monday, August 16, 2021, signed into law the long-awaited Petroleum Industry Bill as confirmed in a statement signed by Femi Adesina, Special Adviser on Media and Publicity to the President.  Before now, there have been various iterations of the Petroleum Industry Law. The PIB started as… You must be registered to […]Read More

Experts Warn Lithium Mining Might Destroy Fragile Ecosystem

According to sources, between 2015 to 2018, the demand for lithium carbonate a key ingredient in manufacturing rechargeable batteries tripled. Despite the uncertainties of the previous year, there is a potential or existing demand for tech products like electric vehicles (EVs), smartphones which would cause a more balanced lithium market expected in 2021. Experts claim that […]Read More