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Nigeria: Cooking Gas Price Drops, Supply Rises, Govt Projects Further Decrease
The Federal Government on Thursday said it was putting measures in place to ensure further reduction in the cost of…
Nigeria Senate Digs Into $679m Unremitted Revenue From Ports Concession
The Senate has uncovered how the Bureau of Public Enterprise (BPE) failed to remit $679.4 million realized from…
Nigeria: FG Posts N7trn Deficit, Elated Over N1.Trn Independent Revenues
The federal government recorded a budget deficit of N7. 052 trillion as at November last year, in the…
KFC Kenya considers sourcing potatoes locally after uproar
Kentucky Fried Chicken (KFC), an international fast food restaurant chain, Kenya, says it will start sourcing…
Nigerians to pay VAT for digital services – Finance minister
FG has introduced a policy requiring foreign companies that provide digital services in the country to collect and…
Nigeria:We Generated N188.64bn At Onne Port In 2021 – Say Customs
The Area ll Command of the Nigeria Customs Service Port in Onne said it generated N188.64bn in 2022, compared to…
Once-Indispensable BlackBerry Smartphone Ceases To Exist
Canadian firm BlackBerry Ltd said it will take steps to decommission legacy services for its 10 and OS operating…
FG: Amazon, AliExpress to pay 6% tax on profits made from Nigerian customers
Nigerian FG says non-resident companies are mandated to remit 6% of turnover from digital services provided to…
Forex Inflows Into Nigeria Increase By 64% To $30bn In The Q3 Of 2021
The amount of foreign exchange that entered Nigeria in the third quarter of 2021 increased by 64% to $30.18…
Manufacturers Kick Against Excise Duty On Soft Drinks
The Manufacturers Association of Nigeria (MAN) has kicked against the Federal Government imposed excise duty on all…
German cartel office steps up examination of Google products
Germany's cartel office examines Google's use of personal data and its Google News Showcase product under its new…
European markets set to drop sharply at the open following U.S. sell-off
European stocks awaits to open sharply lower following losses that saw the Dow Jones notching its first decline of…
Airtel Africa’s Shares Hit All-Time High On NGX After Asset Sale In Tanzania
The shares of Airtel Africa hit an all-time high price of N1,050.50 on Wednesday, gaining a maximum of 10 percent.…
Nigeria: Coke, Fanta Prices To Increase As FG Imposes N10/Litre Excise Duty On…
The federal government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and…
Nigeria: Fed Govt Set To Reduce Workforce
The Federal Government is set to reduce its workforce.
It is designing what it calls an exit package for…
AMCON lists 7,912 names owing N4.4tn as deadline expires today
The Asset Management Corporation of Nigeria is set to publish names of Loan debtors owing it a total of N4.4tn.…
US aviation, telecom groups agree on 5G data sharing
Aviation and telecom groups in the United States have said they will share data to help resolve safety concerns…
Foreshore Waters Secures N2.4bn BOI Facility
Foreshore Waters Limited has secured a N2.4 billion loan facility from the Bank of Industry to support the…
Review forex ban on 40 items to save naira, economists tell CBN
The Centre for the Promotion of Private Enterprise, has advised the Central Bank of Nigeria to review its ban on…
U.S. SEC charges Medallion taxicab lender with fraud, shares tumble
The U.S. Securities and Exchange Commission charged Medallion Financial Corp and its president with fraud.
They…
Asset Sales To Dominate Nigeria’s Oil Sector, Says Analyst
Nigeria is likely to contend with a gale of divestments by international oil companies, According to the global…
Nigeria: We’ll partner govt to reduce unmetered customers – IBEDC
Ibadan Electricity Distribution Company Plc has re-inaugurated the Meter Asset Provider Scheme efforts to enhance…
With 50% Increase, Oil Price Records Biggest Annual Gain Since 2009
Oil prices fell at the weekend but still posted the biggest annual gains since 2009, spurred by the global economic…
BREAKING: Buhari Appoints Doyin Salami Chief Economic Adviser
President Muhammadu Buhari has appointed Dr Doyin Salami as his Chief Economic Adviser.
This was disclosed by…
Sonny Odogwu, Access Bank And N50 Billion Debt
Many years ago, I sat in the office of a big man who shall remain nameless- and he expressed serious concerns about…
South African Court Asks Shell To Stop Seismic Survey
South Africa court has ordered Shell to halt a seismic campaign off the Wild Coast, in the nation’s Eastern Cape…
We Paid Out Over N240bn To Customers In 2021 – PiggyVest
PiggyVest, a savings and investment platform, says over N242 billion was paid to 3.5 million customers in 2021.…
With 200 Deals, Nigeria Tops List Of Beneficiaries Of $5bn Investments
Nigeria tops the list of African countries that benefitted from the $5 billion raised by Africa’s technology…
Private Sector To Provide N298.3tr Needed For 2021 –2025 NDP
The private sector is expected to pool N298.3 trillion (89.7 per cent) of the 2021-2025 National Plan’s total…
Amid Currency Crisis, Nigeria Reserves Gain $5 Billion In 2021
Amid currency crisis and fluctuation in oil prices. The country’s gross foreign reserves dipped by nearly $600…