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FG Approves €62m To Procure Transformers For Siemens Power Project
The federal executive council (FEC) has approved $1.9 million and €62.9 million for phase one of the presidential…
Reps approve fresh $5.8bn loan, $10m grant for FG
On Tuesday, the House of Representatives approved external borrowings amounting to $5,803,364,553.50 and a grant…
Africa should be exempted from zero-carbon emissions target’
PUTTRU Technologies Limited has said Nigeria and other African countries should be exempted from the…
FG generated N86bn from TSA in 10 months – Minister
The Honorable minister of Minister of Finance, Budget and National Planning Her excellency Zainab Ahmed,…
Senate okays Buhari’s request on fresh $5.8bn borrowing
On Wednesday the senate approved a loan request of $5.8bn and a grant of $10m under the 2018-2020…
FEC Okays Startup Bill ‘To Provide Enabling Environment’ For Entrepreneurs
The federal executive council (FEC) has approved the Nigeria startup bill to provide a conducive environment for…
Lack Of Seamless Access To Forex May Delay 5G Rollout
The Chairman, ALTON, Gbenga Adebayo, had disclosed at the NCC’s 2021 board and management retreat in November that…
NBS Says Inflation Dropped Despite Increase In Prices
The inflation rate in Nigeria fell in November to 15.40 per cent (year-on-year), the lowest since December last…
MTN Shares: Shareholders Call For Extension
Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange…
We’ll Toll Roads To Repay Infrastructure Debts – Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele has said most of the roads constructed in the country…
Nigeria’s debt rises by N2.54tn in three months, hits N38tn, says DMO
On Tuesday the Debt Management Office revealed that Nigeria’s public debt was N38.005tn as of the end of…
Eurobond $2Bln Issuance On Halt Over Omicron Concerns
Due to the outbreak of the Omicron COVID-19 variant the federal government has suspended plans to sell additional…
Reps probe Uber, Bolt, others over tax returns
Car hire service providers like Uber, Bolt, in-drive, and other technology-based transport companies in…
Zenith Bank Cuts Cost Of Funds To Defend Profit In Q3
Zenith Bank Plc defied a generally rising cost of funds in the financial markets and cut interest expenses by close…
FG To Introduce New Taxes, Tarrifs And Levies
The Federal Government has indicated the possibility of introducing new taxes, tariffs and levies as part of…
Zoom To Charge Nigerians 7.5 Percent VAT
Zoom Video Communications, Inc. (Zoom) says it will begin to charge 7.5 percent value-added tax (VAT) on customers…
MTN, Mafab Win 5G Licence, To Pay N227bn To FG
In a dramatic fashion, a telecom under dog, MAFAB Communications, emerged from nowhere, Monday, to become one of…
Nigeria Regains Position As Crude Oul Output Increase
Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil…
MTN, Airtel, Mafab Enter 5th Round As 5G Auction
The current price per lot of the 100MHz band of the 3.5GHz spectrum at the ongoing auction being organised by the…
NCC Completes Mock Session For Spectrum Auction Of 5G
The Nigerian Communications Commission (NCC) has successfully carried out a mock session for the 3.5 gigahertz…
Banks’ Credit To Economy Hits N23.5tn, Says CBN
Banks’ gross credit to the Nigerian economy rose to N23.5tn in November this year, according to figures obtained…
Impose Special Taxes On Alcohol, Cigarette – World Bank Tells FG
The World Bank has called on the Federal Government to impose special taxes on alcohol, cigarettes and…
Equinix Acquire Nigeria’s Leading Data Center MainOne
California-based digital infrastructure company, Equinix, has acquired Nigeria’s leading data center and…
African Edutech Startup Raises $15 Million In Series-B Round
uLesson, African edutech startup, has secured a $15 million Series-B investment from global investors to expand…
A Total Of N6.16bn Was Paid As A Liquidation Dividend- NDIC
According to Punch Newspaper, The Nigerian Deposit Insurance Corporation said on Thursday that a total of N6.16bn…
FG Propose Companies Income Tax For Foreign Digital Companies
The federal government has proposed the collection of companies income tax (CIT) from profits made by foreign…
Mock Auction Of 5G spectrum To Hold On Friday-NCC
The Nigerian Communications Commission has said Nigeria’s 5G plan will allow efficient allocation of spectrum for…
Range Rover Velar Named Luxury Sport Utility Vehicle Of The Year
Coscharis Motors Plc says one of the brands it represents, the Range Rover Velar, has been named the Luxury Sport…
Nigerians To Pay 7.5 Percent As VAT For Facebook Ad
Facebook says Nigerians will pay 7.5 percent value-added tax (VAT) on all ad placements from January 1, 2022.
The…