Digital tax talks in G20 spotlight as US tariff threat looms
Negotiations for a global tax deal are ongoing past the June 30 deadline, with the G20 finance leaders meeting…
Global aircraft leasing market to hit $315b by 2033
The global commercial aircraft leasing market is set to reach $315.9 billion by 2033, growing at a cumulative…
NGX delists three companies over poor standards
The Nigerian Exchange (NGX) has delisted three companies—Niger Insurance Plc, Resort Savings and Loans Plc, and…
Minimum wage: MAN seeks compliance exception for MSMEs
The Manufacturers Association of Nigeria (MAN) has requested that micro, small, and medium enterprises (MSMEs) be…
FG mulls suspension of N10 sugar tax on beverages
The federal government is considering a temporary suspension of the N10 tax on Sweetened Sugar Beverages (SSBs) to…
Economy faces threats with 1.4m bpd crude output
Nigeria's oil output, including condensate, is projected to remain low at 1.4 million barrels per day (mbpd) in…
Dangote Fights Back… NMDPRA Letter Shows Regulator Approved Refinery’s In-house…
Dangote Refinery is defending the quality of its refined products following allegations by the Nigerian Upstream…
Banks Defy Stiff Competition from Fintechs, Grow Deposits by 63% to N115tn
Nigerian banks saw a significant increase in total deposits, reaching N115 trillion in the 2023 financial year, a…
Zenith Bank Retains Position as Nigeria’s Number One Bank By Tier-1 Capital for…
For the fifteenth consecutive year, Zenith Bank Plc has been recognized as the Number One Bank in Nigeria by…
Planes Grounded As Global IT Outage Hits Airlines, Media, Banks
A major IT outage spreading across the globe has caused significant disruptions in various sectors.
Airlines…
Mining Sector Gets International Boost With Jupiter Lithium, Bevex’s Processing…
Jupiter Lithium Limited has signed an MOU with South Africa's Bevex Mining Services to develop modular lithium…
IMF Lowers Nigeria’s 2024 Growth Forecast to 3.1%
The IMF has reduced its forecast for Nigeria's economic growth in 2024 to 3.1%, down from the earlier estimate of…
Optiva Boss Inducted As WADA Ambassador
Franklin Nechi, Chairman of Optiva Capital, has been inducted as an ambassador for the War Against Drug Abuse…
All New Mining Licences Must Have Local Value — Tinubu
President Bola Ahmed Tinubu has directed the Federal Ministry of Solid Minerals Development to issue mining…
Insurers’ assets hit N3.3trn as premium income rises by 51%
Insurance companies in Nigeria have grown their total assets by 36.9% year-on-year, reaching N3.3 trillion in…
Dangote backs NUPRC on domestic crude supply guidelines
Dangote Industries Limited (DIL) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for…
Chappal Energies acquires Total E&P 10% stake in SPDC
Chappal Energies announced the acquisition of a 10% non-operated interest from Total Energies, EP, Nigeria…
Nigeria, Africa Lose $50 Billion Annually to Illegal Financial Outflows
According to Pius Akutah, Executive Secretary/CEO of the Nigerian Shippers’ Council (NSC), Africa loses over $50…
Petrol landing cost now N1,117/litre – Marketers
The Major Energies Marketers Association of Nigeria (MEMAN) revealed that as of July 16, 2024, the landing cost…
Sterling Bank, Lagos partner on ‘Ilera Eko’ health initiative
Sterling Bank Limited has teamed up with the Lagos State Government through the Lagos State Health Management…
Lagos State Govt Through IBiLE Holdings Partners With CIG Motors on LagRide
Lagos State Government and IBILE Holdings Limited partners with CIG Motors to expand LAGRIDE’s Smart Mobility and…
Customs To Check Illegal Importation Of Firearms With Advance Ruling System
The Comptroller General of Customs (CGC), Wale Adeniyi, announced that the new Advance Ruling System by the…
PH Refinery Takes Delivery Of 1m Barrel Of Crude, Gets License For Take-Off
The Old Port Harcourt Refinery has received one million barrels of crude oil from the Nigerian National Petroleum…
Jaiz Bank Targets N70bn Capital Base By End 2024
Jaiz Bank, an Islamic and non-interest financial institution, is expected to achieve a N70 billion capital base by…
Inflation Soars to 34.19% in June, Food Prices Drive Increase
The National Bureau of Statistics reported that the headline inflation rate in Nigeria rose to 34.19% in June.…
FG Inaugurates More CNG Conversion Centres In Abuja
The Presidential Compressed Natural Gas (CNG) Initiative has opened conversion centres in Abuja to accelerate the…
Nigeria Loses N13.7trn To Illegal Mining Annually – Reps
The House of Representatives Committee on Solid Minerals announced that Nigeria loses $9 billion annually due to…
FIRS Seals AEDC Headquarters Over Tax Dispute
The Federal Inland Revenue Service (FIRS) sealed the headquarters of the Abuja Electricity Distribution Company…
Jumia Connects Over 11,000 SMEs to Millions of Consumers Across Africa
Jumia, an e-commerce platform, has connected over 11,000 Small and Medium Enterprises (SMEs) to millions of…
FG, USAID partner on $75 million for energy transition
The U.S. Agency for International Development (USAID) and the Federal Ministry of Power have signed a memorandum…