Business - HenrisCounty

VAT for Q4 growth rate of 9.23% at ₦1.95 trillion -NBS

The National Bureau of Statistics (NBS) reports Value Added Tax (VAT) for Q4 2024 reveals a growth rate of 9.23% at ₦1.95 trillion. According to the NBS: "On aggregate, Value…

HenrisCounty August 7, 2025Agriculture, NBS, Nigeria, Statistics, VATNo Comments

Business

FAAC disburse ₦2.94 trillion to three tiers of government in June 2025

The National Bureau of Statistics (NBS) reports, the sum of ₦2.94 trillion was disbursed by the Federation Account Allocation Committee (FAAC) to the three tiers of government in June 2025.…

HenrisCounty August 6, 2025FG, government, NBS, State, StatisticsNo Comments

Business

$1 trillion economy: President Tinubu assents to Nigerian Insurance Industry Reform Bill 2025 for financial sector transformation

President Bola Ahmed Tinubu has assented to the Nigerian Insurance Industry Reform Bill, 2025 to advance the financial sector of the country. The Bill will also speed up Nigeria's target…

HenrisCounty August 6, 2025Bill, Economy, Nigeria, President, TinubuNo Comments

Business

Governor Eno disburse ₦401m to over 1,000 beneficiaries to ‘grow grassroot businesses’

Executive Governor of Akwa Ibom State, Umo Eno, has announced the disbursement of ₦401 million in business support grants to more than "1,000 beneficiaries" to enable them "grow grassroots businesses…

HenrisCounty August 3, 2025Eno, people, ProjectNo Comments

Business

‘We are focused on building a resilient and diversified economy’ – CBN Governor Cardoso

Olayemi Cardoso, Governor of Central Bank of Nigeria (CBN), said, "reinforcing our domestic financial core while forging strategic international partnerships" will lead to a "resilient and diversified economy". The CBN…

HenrisCounty August 1, 2025Cardoso, CBN, Delegation, NigeriaNo Comments

Business

China ready to improve communication with US for ‘stable and sustainable’ China-US relations

China through its Foreign Minister, Wang Yi, said, the Asian country is "willing" to enhance communication with the United States (US) for the promotion of "stable, sound, and sustainable" relations…

HenrisCounty July 31, 2025business, Chinese, Jinping, MFA, USNo Comments

Business

Port Harcourt Refinery not for sale – NNPC Limited

The sale of Nigeria's Port Harcourt Refinery has been struck out officially by the Nigerian National Petroleum Company Limited (NNPC) Ltd. The Company made known its commitment to ensuring the…

HenrisCounty July 31, 2025Nigeria, NNPC, Ojulari, RefineryNo Comments

Business

Presidency sets record straight on Nigeria’s borrowing plan

The Presidency through Sunday Dare, Special Adviser on Media and Public Communication to President Bola Tinubu, has come out to set the record straight on the country's borrowing plan. Dare…

HenrisCounty July 29, 2025Loan, Presidency, Senate, Subsidy, TinubuNo Comments

Business

‘Despite humongous borrowing, Nigeria still confronted with negative reports of worsening poverty’ – Peter Obi

Nigeria still struggles with "negative reports of worsening poverty" despite "humongous borrowing", Peter Obi, former Governor of Anambra State, said. Obi said, around "133 million (63%) Nigerians" are grouped as…

HenrisCounty July 29, 2025Anambra, education, Nigeria, Obi, SenateNo Comments

Business

UK in ‘debt doom loop’, top investor Dalio warns

One of of the world's most successful investors has warned that the UK is stuck in a "debt doom loop". Hedge fund manager Ray Dalio, who founded Bridgewater Associates, was…

HenrisCounty July 28, 2025GDP, UKNo Comments

Business

‘From ₦12 Trillion to ₦200 Trillion – President’s borrowing 10 times worse than predecessor’ – ADC

The African Democratic Congress (ADC) said, it is tracking "APC’s Fiscal Disaster". The Party said, "from ₦12 Trillion to ₦200 Trillion, the President’s Borrowing is 10 times worse than predecessor."…

HenrisCounty July 28, 2025ADC, APC, Economy, PresidentNo Comments

Business

Heathrow welcomes ‘Nigeria’s largest carrier’, Air Peace, to Terminal 3

Heathow Airport, London, welcomes Air Peace, "Nigeria's largest carrier", to Terminal 3. In his conversation with Heathrow News, Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, expressed "delight" after…

HenrisCounty July 26, 2025Air Peace, Airport, Heathrow, Minister, NigeriaNo Comments

Business

Largest garment factory in Africa to be established in Ogun State

Dapo Abiodun, Executive Governor of Ogun State, has "proudly" announced his government has entered a partnership with India-based multinational, Arise Integrated Industrial Platform (IIP), for the establishment of Africa's largest…

HenrisCounty July 26, 2025Africa, Factory, Governor, OgunNo Comments

Business

‘4 African billionaires own more wealth than 50% of Africa’s population’ – Moghalu

President & Vice-Chancellor of African School of Governance (ASG), Kingsley Moghalu, said, governments of African countries are not "deep thinkers", as well as, not making the right moves on the…

HenrisCounty July 25, 2025Billionaire, Dangote, environment, government, SchoolNo Comments

Business

‘After rebasing, Nigeria’s debt-to-GDP ratio dropped from 52% to approximately 39.4%’ – Presidency

After rebasing, the ratio of Nigeria’s debt-to-GDP fell from 52% to approximately 39.4%, according to the Presidency. The Presidency through Sunday Dare, Special Adviser to President Tinubu on Media and…

HenrisCounty July 24, 2025ADC, administration, GDP, government, TinubuNo Comments

Business

President Tinubu’s ‘bold’ policies implemented in the best interest of Nigerians – Shettima

Kashim Shettima, Vice President, said, the "bold" policies by President Bola Ahmed Tinubu are taken in the best interest of Nigerians. The VP said, the Tinubu government has established an…

HenrisCounty July 24, 2025Abuja, business, Shettima, Tinubu, Vice PresidentNo Comments

Business

‘This government not trying to fix the economy’ – ADC blast Tinubu administration for celebrating rebased GDP

The African Democratic Congress (ADC) through its Interim Spox, Bolaji Abdullahi, has said, "the truth is that this government is not trying to fix the economy.' The Party added, "It…

HenrisCounty July 23, 2025ADC, administration, CBN, GDPNo Comments

Business

‘NNPC Ltd dismantling bottlenecks to self-sufficient refining sector in Africa’ – Ojulari

Engr. Bashir Bayo Ojulari, Group Chief Executive Officer of Nigerian National Petroleum Corporation (NNPC) Ltd., has made known the company's commitment to pulling down structural bottlenecks towards erecting a strong…

HenrisCounty July 23, 2025Dangote, NNPC, Ojulari, Petroleum, RefineryNo Comments

Business

‘Inflation under greater control, Nigerians regaining confidence in Naira’ – Cardoso

Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has expressed certainty that, inflation in Nigeria is coming "under greater control", adding, Nigerians are now regaining confidence in the…

HenrisCounty July 23, 2025Cardoso, CBN, Economy, Naira, Nigeria, PolicyNo Comments

Business

President Tinubu sets first quarter 2026 target for take-off of national single window project to reach ‘$1tn economy target’

The National Single Window (NSW) Steering Committee has been directed by President Bola Ahmed Tinubu to make sure the platform becomes fully functional by the first quarter of 2026. The…

HenrisCounty July 23, 2025Economy, Edun, Minister, Nigeria, NSW, TinubuNo Comments