Company Income Tax Reduced By 12% In Q1
Nigeria's Company Income Tax (CIT) revenue fell to N984.6 billion in the first quarter of 2024, marking a 12.87…
South African pay-TV group MultiChoice slides into annual loss
South African pay television company, MultiChoice Group, reported a pre-tax loss of $38 million for the financial…
Micro pension records mixed fortune as contributions decline
Despite a rise in the number of contributors to the micro pension fund, informal sector workers are reducing their…
Sterling Bank partners SPPG for credential verification via blockchain tech
Sterling Bank has partnered with the School of Politics, Policy, and Governance (SPPG) to transform the…
FG Seeks $500M World Bank Loan for Rural Roads and Agricultural Marketing…
The Federal Government of Nigeria is pursuing a $500 million loan from the World Bank to enhance rural roads and…
Bitwise Predicts AI and Crypto Industries Could Add $20 Trillion to Global GDP by…
Bitwise Asset Management, a prominent investor in Bitcoin Exchange Traded Funds (ETF), has projected that the…
We secured about $5.5 billion in bank loans to build Dangote Refinery – Aliko…
Africa’s richest individual, Aliko Dangote, disclosed that his company secured approximately $5.5 billion in bank…
Banking sector remains safe, CIBN assures customers
The Chartered Institute of Bankers of Nigeria (CIBN) has reassured bank customers of the stability and security of…
16 Directors Exit After Ex-Governor’s Misconduct Probe
Sixteen out of twenty-nine directors at the Central Bank of Nigeria (CBN) have been relieved of their duties,…
Nigeria’s Oil Production Slumps To 1.25m Bpd In May
Nigeria’s oil production saw a downturn in May, decreasing to 1.25 million barrels per day (mbpd) from 1.28 mbpd…
Court Stops DisCos, NERC From Hiking Electricity Tariff
A high court in Lagos has issued an interim order preventing ten electricity distribution companies (DisCos) and…
Company Income Tax Dips N135.4bn, VAT Grows N230bn In Q1
Nigeria's Company Income Tax (CIT) has seen a significant decline, dropping to N984.61 billion in the first…
Uncertainty Clouds Nigeria’s Eurobond Plans
Nigeria’s plans to issue Eurobonds this year, a key strategy to strengthen government finances, are facing…
Full text of President Bola Tinubu’s Democracy Day speech, June 12, 2024
TEXT OF PRESIDENT BOLA TINUBU’S NATIONAL BROADCAST ON THE 25TH ANNIVERSARY OF UNBROKEN DEMOCRACY IN NIGERIA,…
Tolaram Splashes Over N100bn For Diageo’s 58.02% Stake In Guinness
Tolaram, a Singapore-based holding company, is set to acquire Diageo’s 58.02 percent stake in Guinness Nigeria for…
Price war on London route takes off as foreign airlines slash fares
Competition on the popular Lagos-London route has intensified, with foreign airlines significantly reducing fares.…
I Was Warned Against Building Refinery — Dangote
Aliko Dangote, the Nigerian billionaire behind the Dangote Group, recently spoke about the challenges of…
Tinubu Approves New Leadership For National Council On Climate Change
President Bola Tinubu has appointed Dr. Nkiruka Maduekwe as the interim Director-General/Chief Executive Officer…
Dangote Inaugurates CKD Truck Assembly Plant In Lagos
Dangote Sinotruk West Africa inaugurated a completely knocked down (CKD) truck assembly plant in Ikeja, Lagos…
Sacked CBN Employees Seek Reinstatement
A group of recently dismissed employees from the Central Bank of Nigeria (CBN) is challenging the manner of their…
Zenith Bank Appoints Adaora Umeoji as First Female GMD/CEO
Zenith Bank Plc, a leader in Nigeria's banking sector, has appointed Adaora Umeoji as its new Group Managing…
Saudi Aramco Share Sale Attracts Strong Demand, Raises Over $11 Billion
Saudi Arabia successfully sold shares in oil giant Aramco, raising over $11.2 billion. The sale, priced towards…
Samsung Electronics union in South Korea stages first walkout
Samsung Electronics' workers' union staged the company's first-ever strike on Friday, demanding higher wages.…
Banks say growing reliance on Big Tech for AI carries new risks
The rise of artificial intelligence (AI) in banking is a double-edged sword, according to European banking…
Americans are getting pickier, but they are still spending on hot items
Investors are analyzing US credit card spending data to understand which retailers are likely to perform well this…
China’s exports rise solidly, but slower imports temper outlook
China's exports grew for a second consecutive month in May, offering a glimmer of hope for the country's economic…
Morning Bid: US check on sub-4% jobless, China imports slow
Global markets are currently in a holding pattern, awaiting the release of the US employment report. This report,…
Stock market rally pauses as US jobs data looms
Global stock markets are currently in a wait-and-see mode, with investors closely monitoring the upcoming US jobs…
Major Japanese Banks to Divest $8.5 Billion in Toyota Stock
Two of Japan's largest banks, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG),…
INFLATION: Cost of sales in companies rise 29% to N5.4trn
A recent analysis of financial statements from 20 leading Nigerian companies reveals a significant increase in…