Latest News
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153Industry & MoneyFG Plans 5% Tax on Telecoms Services, Others
The Federal Government has proposed a five per cent excise duty on telecommunications services, gaming, and betting activities as part of a...
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152Economy & MarketFraudsters Steal More than £3m a Day as Cases Rise
Fraud cases have risen by 16% with con artists stealing more than £3m a day, according to figures from the banking industry....
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143Banking & FinanceNigeria Seeks Fresh $500m W’Bank Loan for Education
The Federal Government is discussing with the World Bank the possibility of securing a $500m loan to support basic education. This is...
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60Economy & MarketEconomic and Market Report: Week Ended 18-10-2024
Global Economy Consumer prices in the United Kingdom (UK) fell below the Bank of England’s 2.0% medium-term target for the first time...
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58Stock MarketLagos Bourse Succumbs to Selling Pressures
In today’s trading session, the Lagos bourse succumbed to selling pressures, closing 0.01% weaker. Gains in TRANSPOWER (+8.76%), OANDO (+1.32%) and UBA...
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381Leadership & ManagementFG Capital Spending Drops by 25% –CBN
Nigeria’s capital expenditure for the first half of 2024 has declined by 25.3 per cent to N1.99tn, down from N2.68tn in the...
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75Economy & MarketEdun: ₦10tr Savings from Subsidy Removal for Infrastructure, Others
The Federal Government yesterday outlined how key reforms in the downstream petroleum sector and foreign exchange (forex) market would unlock more than N10 trillion...
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69Local NewsFG, States, LGs Share ₦1.298tr September Revenue –FAAC
The Federal Government, states, and Local Governments have shared N1.298tn generated in September 2024 and distributed in October. This was according to...
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78Industry & MoneyNigeria Plans ₦1.1b Private Sector Funding in Power Sector
The Federal Government has disclosed plans to crystallise N1.1bn private sector funding for the power sector. The Managing Director of Rural Electrification...
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157Local NewsFG Orders Discos to Replace Phased-out Meters
The Federal Government has declared that electricity distribution companies must replace any meter phased out due to a meter upgrade. It declared...
