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 year, according…
Category: Local
MTN Shares: Shareholders Call For Extension
Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange Commission (SEC)…
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 will…
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 the third…
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 N2.18 billion…
Reps probe Uber, Bolt, others over tax returns
Car hire service providers like Uber, Bolt, in-drive, and other technology-based transport companies in Nigeria has been resolved to…
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 measures to shore…
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 in Nigeria…
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 the winners…
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 production averaging…
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…
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 (GHz) spectrum auction for…
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 from the…
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 sugar-sweetened beverages to…
Equinix Acquire Nigeria’s Leading Data Center MainOne
California-based digital infrastructure company, Equinix, has acquired Nigeria’s leading data center and connectivity solutions provider, MainOne at a whopping $320million, MainOne…
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 team. Sim Shagaya, chief…
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 was paid as…
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 digital companies with…
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 5G deployment, and ensure…
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 social…
Equinix Acquire MainOne In $320m Deal
Equinix, Incorporated has announced that it is acquiring MainOne in a $320m deal that is set to be sealed in…
Startimes Launch Reality Show For Jobseekers
StarTimes says it has launched a new reality television show for jobseekers. According to the company, the reality show, called…
Senate To Mandate Bill For Bank To Demand TIN
The Finance Bill 2021, which is currently being considered by the senate, has made it mandatory for banks to demand…
Bolt Introduce Booking Fee, Riders May Pay More
In a service update sent to customers on Wednesday, the company said the booking fee was necessary due to an…
Tek Expert Employee Base Grew From 400 To Over 1,800
Tek Experts has announced that it has grown its employee base from 400 to over 1,800 employees in Nigeria in…
Cybersecurity Firm “ DataSixth Security Consulting” Gets Recognition
DataSixth Security Consulting says it has won the ‘Cybersecurity Company of the Year 2021 Award’ at the 5th Tech Innovation…
Meta And Africa No Filter Partners To Promote Use Of Virtual Reality In Storytelling
Meta and Africa No Filter, a narrative change organisation, have announced a partnership to launch a new fund in Nigeria…