Tuesday, March 17, 2020

Tag "Manufacturing"

    Here’s how to get a single-digit interest loan from your bank

Here’s how to get a single-digit interest loan from your bank

The Central Bank of Nigeria, on Monday, released the guidelines for its new credit policy, which is aimed at providing funds to the agriculture and manufacturing sector at a single digit interest rate. According to the guidelines, the maximum amount accessible by a party is N10 billion. The loans can be received from any bank which has contributory cash reserve ratio with [...]

2 comments Read Full Article

Manufacturing sector top VAT earner for Q4 2017 – NBS

The National Bureau of Statistics (NBS) says Nigeria’s manufacturing sector generated the highest amount of Value Added Tax (VAT) for the fourth quarter of 2017. The latest Sectoral Distribution Of VAT earnings released in Abuja revealed that manufacturing sector generated the highest amount of VAT with N28.19bn generated and closely followed by Professional Services and Commercial and Trading both generating N22.34bn [...]

0 comment Read Full Article
    INFOGRAPHICS: Here are the three worst performing sectors in Nigeria

INFOGRAPHICS: Here are the three worst performing sectors in Nigeria

Data released by the National Bureau of Statistics (NBS) showed that the economy recorded a growth of 1.4 percent in the third quarter of 2017. This signals a consolidation of the 0.72 percent growth recorded in the second quarter of the year. However, an analysis of the gross domestic product (GDP) report released by the NBS showed that the oil sector grew [...]

0 comment Read Full Article
    Ikpeazu urges US to stamp made-in-Aba goods

Ikpeazu urges US to stamp made-in-Aba goods

Okezie Ikpeazu, Abia state governor, has called on the US government to put a “stamp of recognition” on goods produced in the state. Ikpeazu made the call when Stuart Symington, US ambassador to Nigeria, paid him a courtesy visit on Monday. He said the Aba industry currently has over 250,000 manufacturers engaged in the production of various wares which are of international [...]

0 comment Read Full Article
    NBS: VAT revenue increased by N41bn in Q2

NBS: VAT revenue increased by N41bn in Q2

The revenue generated from value added tax increased by N41.53 billion in the second quarter of 2017, says the National Bureau of Statistics (NBS) sectoral distribution report. According to the report, N246.30 billion was generated in Q2 2017, as against N204.77 billion generated in the first quarter. A sum of N187.03 billion was recorded in Q2 2016, amounting to a 20.28% increase [...]

0 comment Read Full Article
Advertisement
Advertisement
Advertisement

Advertisement

Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement