FCCPC Cautions PoS Operators Against Price-Fixing Amidst Indiscriminate Charge Increases
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a warning to point of sales (PoS) operators, particularly in…
Day: July 25, 2023
Experts Call for Government Interventions to Foster Technology Growth in Nigeria
During the 17th Annual Business Law Conference of the Nigerian Bar Association Section on Business Law (NBA-SBL) in Lagos, experts…
Nigeria’s Tin Can Island Port Command Reports 110.8% Growth in Non-Oil Exports in H1’23
The Tin Can Island Port Command of the Nigeria Customs Service (NCS) has achieved remarkable growth in non-oil exports during…
Nigeria’s Excess Crude Account Stagnant at $474m Despite Remittance of N907bn
The Excess Crude Account (ECA) in Nigeria has remained stagnant at approximately $474 million over the past two years, even…
Nigerian House of Representatives Launches Investigation into $9.05 Billion Revenue Loss from Gas Flaring
The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has initiated an Ad hoc Committee to conduct a comprehensive…
Nigerian National Petroleum Company Clarifies N1.3tn Debt Status
The Nigerian National Petroleum Company Limited (NNPCL) clarified that the outstanding N1.3tn debt owed by the Federal Government has no…
Unilever Nigeria’s Q2 Profits Plummet Amid Rising Costs
Unaudited results for Q2 2023 show Unilever Nigeria’s pre-tax profits fell by 72.95% to N169.9 million, with an operating loss…
Nigerian Government Earns N80.86bn from Electronic Transfer Levies in Six Months
Data from the Federation Account Allocation Committee shows that electronic transfer levies generated N80.86 billion for the three tiers of…
Nigeria Data Protection Commission Urges Organizations to Register for Data Protection Compliance Monitoring
The Nigeria Data Protection Commission (NDPC) has directed banks, telecom operators, educational institutions, government parastatals, and other organizations handling data…
Nigeria’s Money Supply Surges to Record N64.36 Trillion Amid Increased FAAC Proceeds
The money supply in Nigeria, known as M2, has reached an unprecedented N64.36 trillion, surging by 31.62% year-on-year in June…
FBN Holdings Announces Plan to Raise Capital Through Rights Issue
FBN Holdings Plc, a financial services group, will seek approval from shareholders to raise fresh capital at its upcoming annual…