Stakeholders Expect an Increase in Call Costs Due to the Telecom Tax.
Muhammadu Buhari, the former president of Nigeria, put a 5% excise levy on telecommunication services into law in spite of…
Real Time Financial News Website
Muhammadu Buhari, the former president of Nigeria, put a 5% excise levy on telecommunication services into law in spite of…
The House of Representatives urged the Federal Government and Nigerian National Petroleum Corporation Limited (NNPCL) yesterday to contract with reputable…
The House of Representatives Committee on Aviation has demanded the detention, criminal prosecution, and punishment of everyone engaged in the…
According to a Kaspersky research, Nigeria experiences the second-highest number of cyberattacks in Africa. Only Kenya, which was rated 35th…
A signed resolution of the agreement stated that Nigeria’s largest labor union had decided, following a meeting with the government…
At the conclusion of the first quarter of 2023, the portion of the Pension Fund’s assets held in Federal Government…
Nigeria’s overall debt in seven years exceeded Federal Government revenue by N13.26 trillion. The conclusions were based on information from…
By 2035, the introduction of 5G technological services, according to the Nigerian Communications Commission (NCC), will increase global economic value…
According to The PUNCH, Nigeria’s electricity export fell by $58.1 million in a single year due to grid failure. According…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has declared that the era of price fixing and obtaining foreign…
The majority of quoted securities in Nigeria outperformed their peers in Sub-Saharan Africa despite the country’s high inflation and negative…
The International Air Transport Association, a worldwide airline trade group with headquarters in Switzerland, issued a warning on Sunday that…
The Federal Government convened a meeting on Sunday to discuss the elimination of the fuel subsidy and the ensuing increase in fuel pump prices across the nation. The Nigeria Labour Congress refused to attend. The union emphasized that unless a legitimate team was assembled, it would not engage in any discussion with government representatives. However, representatives from the Trade Union Congress were present during the meeting, which was a follow-up to last week’s impasse-filled negotiations with the NLC at the Presidential Villa in Abuja. As the Bola Tinubu administration removed gasoline subsidies, the power workers promised to join the strike and cause a nationwide blackout in response. Hakeem Ambali, the NLC’s CentralTreasurer, confirmed the decision of the union to boycott the meeting which was a follow-up to…
Nigeria spent more than 11.35 trillion naira ($25 billion) in the last ten years repairing its three inoperable refineries, according…
The Federal Inland Revenue Service (FIRS) Executive Chairman, Mr. Muhammad Nami, said yesterday that the nation’s tax-to-GDP ratio climbed to…
The withdrawal of gasoline subsidies, according to the Nigeria Sovereign Investment Authority’s chief investment officer, will increase the amount of…
The Nigerian Central Bank depreciated the naira from N461.6 to N631 per US dollar. 48 hours after President Bola Ahmed…
Yesterday, the Nigerian National Petroleum Company (NNPC) Limited increased the price of gasoline at the pump by about 200 percent…
David Malpass, the president of the World Bank Group, has issued a warning that Nigeria’s parallel exchange rate is detrimental…
The naira’s value versus the dollar increased at the parallel market, where it closed on Wednesday at N750 as opposed…
As instructed by the Nigerian Communications Commission, telecommunications companies have begun to phase out outdated Unstructured Supplementary Service Data shortcodes…
The Central Bank of Nigeria (CBN), said strategic efforts must be made to fortify States’ capacity in the management of borrowing,…
Dr. Seinde Fadeni, Chairman of the Board of Nigerian Aviation Handling Company Plc (NAHCO), has urged the Federal Government to…
According to research by The PUNCH, Bola Tinubu, the newly elected president of Nigeria, has formally taken over Muhammadu Buhari’s unfinished projects worth over N16.29 trillion. The initiatives were found using the EYEMARK national monitoring and assessment tool, which Buhari introduced in December of the previous year. According to the national monitoring and assessment system EYEMARK, 33 projects still needed to be finished. The Lagos-Ibadan Expressway is one such project, with an estimated cost of N315 billion. The $2.8 billion (approximately N1.29 trillion) Ajaokuta-Kaduna-Kano pipeline project is a different undertaking and is reportedly 70% finished. The Greater Abuja Water Project’s counterpart finance, which is anticipated to cost $470.76 million (or roughly N217 billion), is still outstanding. punch.
Nigeria’s sovereign dollar-denominated bonds rose on Tuesday after new President Bola Tinubu declared during his inauguration that a costly fuel…
The National Association of Microfinance Banks (NAMB) has directed all licensed MFBs nationwide to update it on their recapitalisation status…
According to latest data from the Central Bank of Nigeria, the Federal Government borrowed N6.07 trillion from the apex bank…
Since the start of the intervention, the Central Bank of Nigeria has distributed N173.31 billion to recipients under its 100-for-100…
President Bola Tinubu stated on Monday in Abuja that his administration will end the subsidy on petroleum products. “Subsidy is…
According to data supplied by the Central Bank of Nigeria (CBN), the federal government spent $894 million servicing foreign debt…