Business & Economy
Foreign Tech Giants Contribute N3.85tn in Taxes to Nigeria’s Treasury in 2024
In a significant boost to Nigeria’s tax revenue, foreign tech giants, including Google, Netflix, and Facebook, have remitted a total of N3.85 trillion ...
Business & Economy
NNPCL Secures $1bn Crude Loan to Boost Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPCL) has secured a $1 billion loan backed by crude oil to support the Dangote Petroleum Refinery’s ...
Business & Economy
Shell Announces Final Investment Decision on Bonga North Deep-Water Project in Nigeria
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has confirmed a final investment decision (FID) for the Bonga ...
Business & Economy
MAN: Nigeria Spent N3.04 Trillion on Imports, Manufacturing Sector Key to Export Growth
The Manufacturers Association of Nigeria (MAN) revealed that a staggering N3.04 trillion was spent on importing raw materials for industrial production in 2023, ...
Business & Economy
Nigeria Secures $634M to Boost Food Security and Rural Development
The Nigerian government, through the Ministry of Agriculture and Food Security, has secured over $600 million in foreign loans in 2024 to enhance ...
Business & Economy
Nigeria to Airlift 10,000 Christian Pilgrims to Jordan and Turkey in December
The Nigerian Christian Pilgrims Commission (NCPC) is set to airlift 10,000 Christians for the 2024 holy pilgrimage, with flights scheduled to begin on ...
Business & Economy
CBN Slams N150m Fine on Banks for Facilitating Mint Naira Trade
The Central Bank of Nigeria (CBN) has announced stringent penalties of ₦150 million per branch on Deposit Money Banks (DMBs) found guilty of ...
Business & Economy
Naira Depreciates in Parallel Market but Appreciates in Official Market
The Naira weakened to N1,668 per dollar in the parallel market on Thursday, down from N1,600 per dollar on Wednesday. However, the Naira ...
Business & Economy
FG Issues Ultimatum to Developers on Lagos Shoreline Over Irregular Projects
The Federal Government has warned developers along the Lagos shoreline to regularise their projects or face revocation and possible demolition. This was announced ...
Business & Economy
Bank workers blame CBN as cash shortage worsens
The Association of Senior Staff of Banks, Insurance, and Financial Institutions has attributed the worsening cash shortage across the country to the Central ...