Group Seeks 0% VAT On Renewable Energy Products

The Renewable Energy Association of Nigeria (REAN) has advocated the provision  of  a zero per cent Value Added Tax (VAT) on all Distributed Renewable  Energy Products (DREP) in the country. REAN’s President, Mr  Segun  Adaju, in a statement issued in Abuja on Tuesday, said zero free VAT would help accelerate growth of the renewable market….

Update on FOREX Market As Central Bank Offered $100m To Dealers

Olalekan Ajayi, Abuja: Following Thursday’s FOREX wholesale auction, the Central Bank of Nigeria (CBN) on Friday, March 24, 2017, concluded transactions on the sum of $100 million earlier offered at the interbank market to meet customers’ demands, out of which authorized dealers were only able to pick $81.347 million after an initial bid for $91…

Nokia Set To Bring Back Popular 3310

Nokia will re-launch its popular 3310 mobile phone, perhaps the best-loved and most resilient phone in history. It will be revealed at Mobile World Congress later this month, according to leaker Evan Blass who first revealed the details. The phone was originally released in 2000 and in many ways beginning the modern age of mobiles….

Fire Ravages Shops in Lugbe Abuja

A fire incident at Lugbe Abuja Fire  broke out at the Building Materials Market in Lugbe Abuja, razing down many shops, the News Agency of Nigeria (NAN) reports. The popular market is adjacent to the Federal Housing Estate, Lugbe, on Airport Road in the nation’s capital. The financial worth of building materials destroyed in the…

Market women in Ilorin complain of low patronage

Market women in Ilorin have expressed concern over low patronage by customers and called on the Federal Government to take urgent steps to address the economic recession. A cross section of the women made the call on Thursday in Ilorin in separate interviews with the News Agency of Nigeria (NAN). Alhaja Balikis Jamiu, who sells……

IDP’s In Borno Begin Mass Production of Household Products

Some Intern‎ally Displaced Persons from Gwoza local government area of Borno State have began large scale production and packaging of various household products that include solid and liquid soap, detergents, pomade, hand bags courtesy of loan allocated to them by the Borno Renaissance Micro Finance Bank, set up by Governor Kashim Shettima to promote entrepreneurship…

NSE LIVE! Equities extend losing streak with 0.13% drop

Nigerian equities posted a negative performance again on Wednesday as the market remained under selling pressure from the fast moving consumer goods and oil and gas sectors. All-Share Index (ASI) dropped by 0.13 per cent to close at 26,245.34 points while the aggregate market capitalization of all quoted companies on the Nigerian Stock Exchange (NSE)…

CPC Orders VIP Express To Refund N25m

The Consumer Protection Council, CPC, has ordered VIP Express Tourism limited to refund over 25 million naira to 63 aggrieved subscribers due to gross violation of their rights. A statement by the  Director General CPC, Dupe Atoki alleged that the company’s operational method was predatory and that its business practice in which consumers were pressurized…

Four members of syndicate robbing Alaba market arrested

Luck has run out on a four-man robbery gang that specialises in robbing shops at the Alaba International Market, Lagos State. They allegedly destroy padlocks of their target shops by pouring acid on them in order to gain entry to perpetrate crime. According to reports, the suspects identified as Tochukwu Akorisa, Ndubuisi Egwuatuonwu, Ifeanyi Eze…