Business News
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138Monthly Power Subsidy Soars by 151% to ₦211b
The electricity subsidy obligation of the Federal Government rose from N252.76bn to N633.30bn in the first quarter of 2024, a report by...
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214Reps Direct NNPC to Suspend Crude-for-loan Deal
The House of Representatives Special Joint Committee investigating factors working against the petroleum sector has directed the Nigerian National Petroleum Company Limited...
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278Stocks Rise as Focus Shifts to Fed After BOJ Hike
JStocks rebounded as traders shifted focus to the Bank of Japan’s press briefing and the potential for the Federal Reserve to turn...
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336FG Suspends Import Duty on Rice, Flour, Other Essential Food Items
The Federal Government, through the Nigeria Customs Service (NCS) has suspended import duties on rice, flour, wheat and other essential food items...
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278House Committee Issues Ultimatum for Automated Foreign Revenue Collection
The Public Accounts Committee of the House of Representatives has given a 60-day ultimatum to the Ministry of Finance and the Accountant...
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283Panel Berates MOFI for Taking Money without Authorisation
The House of Representatives Committee on Public Assets yesterday queried the Ministry of Finance Incorporated (MOFI) for taking money from the budget...
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267Microsoft Apologises After Thousands Report New Outage
Technology giant Microsoft has apologised after thousands of people across the world reported issues with its products, ranging from email service Outlook...
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333FCT-IRS Generates ₦126.54b Half Year Revenue
The Federal Capital Internal Revenue Service (FCT-IRS) has collected and remitted N126.54 billion from January to June 2024. The acting Executive Chairman,...
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152FG Okays ₦1.4tr for 13 Roads
The Federal Executive Council, on Monday, revisited and approved 13 road projects in various states of the federation worth about N1.455tn. The...
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188FEC Approves Sale of Crude Oil to Dangote Refinery, Others in Naira
In a significant policy shift, the Federal Executive Council (FEC), chaired by President Bola Tinubu, has approved the sale of crude oil...
