FG increases school feeding cost to N100/child, spend N1bn daily
The Federal Government has increased the cost of feeding a primary school pupil from N70 to N100. FG sets to…
Day: February 25, 2022
$1.04bn spent on fuel imports in 2021, says CBN
The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last year from…
Bad fuel: Regulator shuts four filling stations in Anambra
The Nigeria Midstream and Downstream Petroleum Regulatory Agency have suspended the operations of four filling stations in Anambra. The suspension…
Expansion into East Africa, a boon for banks, stakeholders and the region’s economy
Over the past two years, the financial services sector has weathered a variety of changes directly stemming from the impact…
Komenda Sugar Factory acquires 20,000 acres for plantation
Negotiations are almost complete to enable the Board of Directors of the Komenda Sugar Factory to acquire 20,000 acres of…
Nigeria exports software to other African countries, says NOTAP
The Director-General of the National Office for Technology Acquisition and Promotion, DanAzumi Ibrahim, has said Nigeria is now exporting software…
IMF seeks recapitalisation of banks hit by COVID-19
The International Monetary Fund yesterday advised the Federal Government and governments of other emerging economies. The International Monetary Fund advised…
Nigeria sues JP Morgan in London over $1.7b oil deal
A London high court began to hear a lawsuit yesterday launched by Nigeria against United States bank JP Morgan Chase…
BUA Foods, Notore, UPDC on track to sell controlling shares
In a bid to make more of their equities available to the investing public, newly listed BUA Foods plc, Notore…
MTV Base partners Tomtom to boost new programme
MTV Base has announced Nigeria’s number one candy brand, TomTom, as the official sponsor of the new season of MTV…
Company Income Tax Dropped By N124.71Bn In 2021 Q4 -NBS
Company Income Tax (CIT) recorded a N124.71 billion decline from N472.52 billion in quarter three, 2021 to N347.81 billion in…
Ghana Regains Exemplary Status In Money Laundering Fight
Ghana has restored its image as an example to West African peers in the fight against the illicit flow of…
Revenue collection has increased by 48% in the last five years
The report states that revenue collection has increased from shs13.4 trillion in 2016/2017 to shs21.1 trillion in the 2020/2021 financial…
Treasury Targets Sh50 Billion From March Bond Sale
The National Treasury is seeking to raise Sh50 billion from three bond sales in March, comprising reopening of securities that…
NSE Sheds Sh92Bn In A Day As Russia Invades Ukraine
The market capitalisation closed at Sh2.453 trillion compared to Sh2.546 trillion on Wednesday, with Safaricom, East Africa Breweries Limited (EABL)…
Kenya Set Date To Unveil Flying Taxis
Kenya Airways will pilot electric vehicles that take off and land vertically to beat traffic from 2025 as part of…
Since 1973 Naira Loses10.6% Of Its Value Annually – IMF
The International Monetary Fund says the long-term rate of the depreciation of the naira equates to a loss of 10.6…
WHO Sets Up Hub To Train Low And Middle-Income Countries On Vaccine Production
The World Health Organization (WHO) has set up a hub in South Korea to train Nigeria and other low and middle-income countries…
Nigeria’s N898Bn Wheat Imports At Risk As Russia-Ukraine Conflict Escalates
Russia’s status as the largest exporter of wheat in the world is causing disquiet in many countries following its military…
After Alphabet’s Stock Split, Amazon And Others Look Ripe To Split Shares
Alphabet GOOGL+4.00% recently announced it is splitting its stock. It probably won’t be the only company to do so in the short term—and…