Troops of the Nigerian Army have invaded Gudumbali, a town in Borno State recently declared by the leadership of Islamic State-backed faction of Boko Haram, the Islamic State West Africa Province (ISWAP) as its Manhaja…
Over 25,000 people have signed a petition on change.org to stop foreign institutions from demanding an English proficiency test, the International English Language Testing System, from Nigerians. The petition, which was…
Aliko Dangote has retained his position as the richest man in Africa, with a net worth of $12.1 billion, according to the 2022 edition of the Forbes’ Top 10 Africa’s Billionaires List. This is contained in a post on…
Nigeria will prioritise tax collection from its digital economy in 2022 and focus on non-resident firms with a significant economic presence that generate turnover in the West African country, the country's tax chief…
Aare Onakakanfo of Yorubaland, Gani Adams, has slammed the police and Department of State Services for thwarting an initiative aimed at securing the Lagos-Ibadan Expressway. He noted that collaborative efforts with…
The National Economic Council, NEC, said yesterday that its decision on the removal of the subsidy on petroleum would be made in June when provision for its payment in the 2022 budget expires. NEC’s position came on a…
A Lagos-based lawyer, Tope Alabi, has asked the Economic and Financial Crimes Commission, EFCC, to probe and if found culpable, prosecute Ikeja Electric Plc officials over alleged deliberate illegal disconnection and…
Lagos State Government, yesterday, introduced a daily consolidated informal transport sector levy of N800 for commercial transporters, besides union dues of the National Union of Road Transport Workers (NURTW) and Road…
The president, Trade Union Congress, Mr Quadri Olaleye has said that the federal government in the last 10 years wasted about $9.5billion for turnaround maintenance of the moribund refineries. Quadri disclosed this in…
It also announced plans to divert traffic on Dopemu Road in the Agege area of the state from 10 pm, on Friday, January 21, 2022, for the rehabilitation and upgrade of Babajide Sanwo-Olu Road for three months. A…
The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent of the Liquefied Petroleum Gas (butane and propane) produced by the company to the Nigerian market. The…
A United States-based magazine, Global Finance, says the Central Bank of Nigeria has failed to curb rising inflation and stop the naira from sliding against the United States dollar. This was disclosed in an October…
Mr President welcome to Ogun state, a land you are aware of from your years as a young military officer in Alamala. Over the years, I am happy that you have kept a good relationship with the people of Ogun. In the name…
Nigerian Minister of Power, Engr. Abubakar Aliyu has said that the Buhari-led administration was worried about power generation hovering around 5,000MW. He said efforts were on to increase it to 7,000MW, then 11,000 MW…
The Federal Government has disbursed about $300m to the poor and vulnerable in its National Social Register through N5,000 cash transfers in four years. This was disclosed by the National Coordinator, National Social…
With the latest N250 billion Sukuk, the Debt Management Office, DMO, has successfully brought to close, the sum of N3.143 trillion domestic borrowing contained in 2021 budget. All of the domestic borrowings had been…
The Canadian government has lifted the ban imposed on travel from 10 African countries — including Nigeria. Health Minister Jean-Yves Duclos at a press briefing on Friday, December 17, said the lifting will take effect…
The naira continued its downward trend as the dollar was sold for N570 in the parallel market on Tuesday. According to THE PUNCH, operators said the dollar was bought and sold for N567 and N570 respectively on Tuesday,…
The Presidency said on Sunday that there is no provision in the Finance Bill (2022) that states that banks will be required to request for Tax Identification Number before opening bank accounts for individuals and…
As dollar shortage in the Nigerian economy continues to hit the air travel industry harder, foreign airlines flying into the country have stopped local travel agencies and firms from selling tickets to intending inbound…