Ghana Cabinet Withdraws 15% VAT on Electricity
The Ghanaian Cabinet has decided to retract the 15% Value Added Tax (VAT) on electricity in response to widespread…
Monthly Archives
February 2024
COCOBOD Dismisses Reports on Cocoa Importation as “Misinformation”
COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of…
Pres. Akufo-Addo Sends Condolence on the Passing of Namibian President
President Nana Addo Dankwa Akufo-Addo has extended his condolences to the Government and people of Namibia…
Iraq Bans Eight Local Banks from U.S. Dollar Transactions
Iraq has implemented a ban on eight local commercial banks from conducting U.S. dollar transactions as part of…
Shell PLC Returns $23bn to Shareholders
Shell Plc, in a statement released by its Chief Executive Officer, Wael Sawan, announced that it returned $23…
CBN Sets $1m Minimum Share Capital Requirement for IMTOs
The revised guidelines for the operation of IMTOs, officially released via the CBN's website and signed by Dr.…
Bullish Trading on Stock Market, Gaining N902bn
The stock market experienced a bullish resurgence on Thursday, resulting in a substantial gain of N902 billion.
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Delta Air Lines Ranks 11th on 50 Most Admired Companies List
Delta Air Lines has secured the 11th position on Fortune Magazine's prestigious Top 50 Most Admired Companies…
Banks Rush to Sell Excess FX Holdings Ahead of CBN Deadline
Commercial banks in Nigeria were in a frenzy on Thursday as they worked tirelessly to offload their surplus…
FBN Holdings Reports N309bn Profit
FBN Holdings, in its Unaudited Consolidated Financial Statements for the period ended December 31, 2023, announced…
Google Launches Advanced AI Model in Nigeria
Google has unveiled its most advanced Artificial Intelligence model, Gemini Pro, in Nigeria on Thursday.
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Dangote Refinery: NIMASA Foresees Revenue Decline
The Nigerian Maritime Administration and Safety Agency (NIMASA) has projected a decrease in revenue following the…
Lagos State Government to Remove Illegal Buildings in Two Weeks
The Lagos State Government has announced plans to initiate the removal of illegal building attachments and…
NIMC Expands Enrolment Systems to Boost NIN Registration
The National Identity Management Commission (NIMC) has authorized the deployment of additional enrolment systems…
CBN Orders Banks to Sell Excess Dollar Stock to Stabilise Exchange Rate
In a bid to stabilize Nigeria's volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit…
Femi Otedola Appointed Chairman of FBN Holdings
FBN Holdings, the parent company of First Bank of Nigeria, has appointed billionaire businessman and investor Femi…
BDC Operators Suspend Operations Due to Dollar Scarcity
Bureau De Change (BDC) operators in Abuja have announced the suspension of their operations due to the…
FG Explores Green Hydrogen Opportunities for Cleaner Energy Transition
The Federal Government has embarked on exploring opportunities in green hydrogen as part of its efforts to…
Port Harcourt Refinery Undergoes Test-run
The Federal Government confirmed on Wednesday that the Port Harcourt Refining Company is currently undergoing test…
EFCC Investigates Controversial Nigeria Air Deal-Festus Keyamo
Minister of Aviation and Aerospace Development, Festus Keyamo, revealed on Wednesday that the Economic and…