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Nigeria FG Allays Fears on Election Cancellation.
The federal government has guaranteed that the scheduled February 25 and March 11 general elections in 2023 will…
In 2024, the Abeokuta-Lagos Road will be Renovated.
The Abeokuta-Lagos Road will be renovated in 2024, according to Dapo Abiodun, governor of Ogun State. While…
Musk Shatters the Record for the Largest Personal Wealth Loss.
Elon Musk, the Tesla CEO, has a record in the Guinness Book of Records for losing $165 billion of his personal…
Ruto Delays Construction of Kenya Uhuru’s Priciest Road.
The Sh160 billion Mau Summit highway project has been suspended by President William Ruto, sending contractors and…
Nigerian Passport Drops 38 Spots in the World Ranking.
In a ranking of all passports over the past 17 years, the Nigerian passport has dropped 38 positions. From 62nd in…
Nigeria FG Orders NNPC to Lower Fuel Prices.
According to Chief Timipre Sylva, the Minister of State for Petroleum Resources, the Nigerian National Petroleum…
Airtel Receives a 5G License, and Mafab Starts Testing.
In order to deploy a fifth-generation network, Airtel Networks Limited has paid the Nigerian Communications…
Kenya: Bondholders Bid Sh39 billion at the Switch Auction.
The switch auction, which closed on November 30, 2022 was largely occupied by holders of the two-year bond that…
LCCI Requests that the Nigeria FG Changes the Petroleum Profit Tax Act.
The Petroleum Profit Tax Act has been requested to be amended to include the same clauses as Section 104 of the…
Tax Experts Disagree with The ASUU’s 10% Education Tax.
To pay for the infrastructure in Nigeria's universities, ASUU President Prof. Emmanuel Osedeke recently proposed…
Why Increase Tax on Imported Cars? Agents Angrily Protest.
Following the Nigeria Customs Service's decision to increase duty on imported vehicles by 10%, freight forwarders…
Nigeria Will Restrict Cash withdrawals from Government Accounts.
According to a statement from the head of the Nigerian Financial Intelligence Unit (NFIU), Nigerian officials will…
Customs Seize 156 Trailers Carrying Grains, PMS, and Other Items.
According to the Federal Operations Unit, Zone A of the Nigeria Customs Service, 93,102 bags of 50kg…
Alleged Attack on the CBN Headquarters by a Group.
The Coalition of National Interest Defenders, a human rights group, alerted authorities to a new scheme to launch…
Nigeria Debt Profile: 28 Governors Accrue N5.8 trillion in Debt.
In the midst of the current economic crisis, the minister of the Federal Capital Territory and the 28 governors of…
China Leads Nigeria’s Imports in the Q2 of 2022, while India Leads Exports.
According to data from the National Bureau of Statistics, China was Nigeria's top import source in the second…
Transform Health Fund wins $50 million in commitments
The Health Finance Coalition (HFC), powered by Malaria No More, and AfricInvest pledged commitments of $50 million…
Nigeria FG Pays 2022 Contributory Pension Retirees N13.89 billion.
The Federal Government has made N13.89 billion available to pay the pensions of its employees who retired in 2022.…
Nigeria’s Debt to Hit N77tn, While Loan Servicing Will Cost N5.2tn.
Nigeria debt 2022: If the National Assembly grants the president's request to reorganize the Ways and Means…
In 2022 Stock Market Capitalization Increased by N5.6 trillion.
Between the opening of the market on January 4, 2022, and the conclusion of business on December 30, 2022,…
EFCC Obtains N13 billion from Unauthorized Fuel Subsidy Payments.
According to information obtained by the PUNCH, the Economic and Financial Crimes Commission (EFCC) recovered…
Buhari Requests That the N22.7 trillion Debt be Restructured.
The National Assembly was encouraged by the President, Major General Muhammadu Buhari (retired), to reconsider his…
Nigerian Startups, Others Raised $5bn in 2022.
According to data from Africa: The Big Deal, startups in Nigeria and other African nations raised $4. 85 billion…
CBN Plans to Decrease Cash-based Transactions by 2025.
According to the Central Bank of Nigeria, when more of the new naira notes enter the economy in 2025, the use of…
Railway Debt Service Consumes N246 billion, While NRC Revenue Declines.
To pay off debts related to railroads, the federal government spent $74.25 million in 2019. Nigeria's…
Buhari: N22tn Loan would have Additional Interest of N1.8tn.
The 2023 budget plan of N21.83 trillion and the 2022 supplemental appropriations bill were both passed into law by…
Nigeria To Pay $4bln In 2023 If Lawmakers Reject Loan-bond Swap.
President Muhammadu Buhari stated that if parliament rejects a request for a loan-to-bond swap on the central…
Nigerian President to Commission the Blue Line Rail Services.
The Nation has learned that President Muhammadu Buhari has agreed to officially open the Lagos Blue Rail on…
Mobile Subscriptions Increase by 23 million, Reaching 218 million.
According to the Nigerian Communication Commission's most recent industry figures, the number of mobile…
CBN External Reserves Decreased by $3.43 billion in 2022.
The Central Bank of Nigeria provided data showing a $3.43 billion decline in Nigeria's foreign reserves in 2022.…