Nigeria:FG seeks to increase revenue to 15% of GDP
The Federal Government has said it will increase its revenue to 15 per cent of Gross Domestic Product by 2025.…
Heirs Holdings Launches Tender On OML 17
Heirs Holdings has launched a tender for work on the Elelenwa multi-phase pump gathering station, on OML 17 in…
Nigeria: Capital Importation Rises 97% To $1.73bn In Q3’21
The National Bureau of Statistics, NBS, has said that capital importation rose sharply, quarter-on-quarter (QoQ) by…
FG spent $1.68bn on food imports in nine months – CBN
Central Bank of Nigeria has said FG spent about $1.68bn on food importation from January to September 2021
The…
Nigeria: FG projects 233% increase in FDI, eyes $5bn
Nigerian FG has said it will increase Foreign Direct Investment into Nigeria from $1.5bn in 2022 to $5bn by 2025…
Manchester United Announces New Chief Executive Officer
Manchester United has announced former Group MD Richard Arnold, as Chief Executive Officer of the Club, effective…
Samsung Electronics Q4 profit jumps on server chip demand, foundry margins
In four years, Samsung Electronics Ltd said its fourth-quarter operating profit likely jumped 52% on-year to its…
Bed Bath & Beyond CEO Says Losing $100 Million In Q3 Sales Hurts But Signals…
Bed Bath & Beyond CEO Mark Tritton expressed disappointment over the retailer’s supply-chain issues in its…
Goldman-Backed Digital Bank Starling Boycotts Meta Over Scam Ads
British digital bank Starling says it is boycotting Facebook parent company Meta over its failure to tackle…
Google Acquires Israel-Based Cybersecurity Startup, Siemplify For $500 Million
American multinational technology company, Google has acquired Siemplify, an Israel-based cybersecurity startup…
Nigeria’s Three Big Firms Gained N1.15tn In 2021 – NGX
The three biggest companies listed on the nation’s stock exchange gained a total of N1.15tn last year, data…
Nigeria Finance Act: Investors To Pay 10% Tax On Sale Of Shares In Any Nigerian…
Investors on the Nigerian Stock Exchange are to pay a Capital Gains Tax of 10% on the sale of shares. This is …
CBN’s Quarterly Forex Intervention Drops By $930m
The Central Bank of Nigeria’s foreign exchange intervention in the economy declined by $930m in the third quarter…
Google To Improve ‘Android To Windows PC’ Integration
Google has announced it is investing in more helpful ways to make android and windows PC devices work better.…
Tech Company STMicro Reports Higher Than Expected Q4 Sales, Lifting Its Shares
Franco-Italian chipmaker STMicroelectronics said its preliminary fourth-quarter revenues were slightly above the…
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…
GameStop Shares Surge On Plan To Enter NFT, Crypto Markets
GameStop Corp is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish…
Singaporean Richest Billionaire, Forrest Li, Loses $10 Billion Of His Fortune
Forrest Li, Chairman and Chief Executive officer of Sea Ltd recently lost a huge chunk of his fortune. Li lost…
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…
Walmart Halves Paid Leave For COVID-Positive Workers
Walmart workers in the United States who must isolate or who have tested positive for COVID-19 will receive one…