Business Archives - Matrix Live Ng
Business
Business News

FG, States, LGCs share N736.782bn for October

The Federation Account Allocation Committee (FAAC) has shared N736.782 billion to the three tiers of government as Federation Allocation for the month of October. This is contained in a statement issued by Mr Phil Abiamuwe-Mowete, Director (Information/Press), Ministry of Finance, Budget and National Planning on Wednesday. The N736.782 billion is inclusive of Gross Statutory Revenue, […]

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Business

Nigeria Vehicle importation drops by 40% as clearing charges skyrocket

There was a drop of about 40 per cent in the number of imported vehicles that came into the country between January and October this year through the Ports & Terminal Multipurpose Limited compared to the figure for the same period of the previous year. While a total of 192,287 units of vehicles came into Nigeria […]

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Business News

Jim Ovia And It Practitioners To Headline Zenith Tech Fair

The Second Edition of the Zenith Tech Fair, themed “Future Forward 2.0”, will be held on Tuesday, November 22 and Wednesday, November 23, 2022, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, from 8.00 a.m. to 6.00 p.m. daily. Conceived in the mould of global technological events such as the Consumer […]

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Business News

Poor Revenue Base Threatening Debt Sustainability – DMO

  The Director General of the Debt Management Office (DMO), Ms. Patience Oniha, on Thursday, described the poor revenue status of the country as a great threat to its debt sustainability efforts, calling for an urgent and pragmatic approach to solving the challenge. Oniha made the suggestion during her presentation at a workshop for members […]

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Business News

Nigeria to Begin Rice Export as RIFAN Signs MoU With Tiamin Rice Coy

The Rice Farmers Association of Nigeria (RIFAN), has signed a Memorandum of Understanding (MoU) with Tiamin Rice company for processing and sale of rice locally and internationally. This is contained in a statement issued by the Deputy Managing Director of Tiamin Rice company Mr Aliyu Ibrahim in Abuja on Wednesday. Aliyu said the initiative was […]

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Business

How To Set Up and Use Binance Chain Wallet

Binance Chain (BSC) is one of the most popular blockchains, and Binance Chain Wallet is the official Binance Coin (BNB) wallet used on this blockchain to connect with other blockchains and interact with DApps, non-fungible token (NFT) marketplaces, and so on. If you’re looking to use Binance Chain, follow this step-by-step guide on how to […]

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Business

Jumia co-founders Sacha Poignonnec, Jeremy Hodara step down as Co-CEOs

The Co-founders of Jumia Group, Sacha Poignonnec and Jeremy Hodara, have stepped down as Co-CEOs of the e-commerce firm. According to a statement by the company, Francis Dufay, who previously held the CEO role at Jumia Ivory Coast, will now replace both co-founders as acting CEO. The statement also announced the promotion of Jumia Group’s former […]

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Business Currency

Withdrawals and deposits into Binance now acceptable in naira

Binance, the world’s biggest cryptocurrency exchange firm, announced on Monday, November 7, 2022, that it now allows naira deposits and withdrawals. To this end, Nigerian traders can now deposit and withdraw the local currency from their Binance Wallets. A brief statement by the company explained that the decision to add a fiat gateway for the […]

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Business News

Buhari Charges Nigerians To Embrace Farming Or Die Of Hunger

President Muhammadu Buhari has said Nigerians should farm what they need to eat or die of hunger. Buhari said Nigerians have no reason to complain of hunger. He explained that his position was responsible for the decision to ban rice importation. Speaking with Tambarin Hausa TV, the president said Nigeria can still feed itself despite […]

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Business

Nigeria’s used car import drops as dealers fault naira depreciation

Nigerians imported foreign used cars worth N169.1 billion in the first half of 2022. This represents a 51.2% decline from the N346.29 billion recorded in the corresponding period of 2021 and a 37.7% decrease from the N271.2 billion spent in the second half of last year. Also, Nigerians imported motorcycles and cycles valued at N122.39 billion between […]

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