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Category: Economy

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Airlines Raise Fares as Domestic Flights Resume Wednesday

July 6, 2020July 6, 2020 wazobiatimes

There has been a significant increase in the airfares as airlines prepare to resume operations Wednesday. The Federal Government had directed the resumption of domestic flights on July 8th after the March 30th lockdown of the airlines. Checks by our … Continue reading Airlines Raise Fares as Domestic Flights Resume Wednesday

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Dangote to Begin Crude Oil Production in July

March 12, 2020March 12, 2020 wazobiatimes

The President, Dangote Industries Limited, Aliko Dangote, will begin oil production in July from two assets he acquired from Royal Dutch Shell Plc. Dangote, Africa’s richest man, is working with Chinese and Malaysian contractors and has completed a development plan … Continue reading Dangote to Begin Crude Oil Production in July

Economy, NewsLeave a comment

Nigeria Falls Short of Economic Growth Expectation – IMF

December 13, 2019December 13, 2019 wazobiatimes

The International Monetary Fund has said oil-dependent economies, including Nigeria, continue to fare less than countries reliant on other export sectors, a pattern in place since the drop of oil prices in 2014. The IMF stated this on Thursday in … Continue reading Nigeria Falls Short of Economic Growth Expectation – IMF

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CBN Begins Charges on Deposits, Withdrawals Above N500,000

September 18, 2019September 18, 2019 wazobiatimes

The Central Bank of Nigeria on Tuesday said that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said this in a circular to all Deposit Money Banks in the country. It said that … Continue reading CBN Begins Charges on Deposits, Withdrawals Above N500,000

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FIRS to Impose VAT on Online Transactions from January 2020

August 27, 2019August 27, 2019 wazobiatimes

Chairman of the Federal Inland Revenue Service, Babatunde Fowler, on Monday said that Nigerian banks would start charging Value Added Tax on local and foreign online transactions from January 2020. Fowler spoke at a technical workshop organised by the African … Continue reading FIRS to Impose VAT on Online Transactions from January 2020

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