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NNPC Paid N5.58tr To Government In 4 Months – Report
The Nigerian National Petroleum Company Limited (NNPCL) has stated that it made N5.58tr statutory payment to the federal government from January to April, 2025.
The company in its monthly report summary for May…
‘From N320k to N130k’ — farmers, traders say high yield has reduced prices of beans
The prices of beans have dropped significantly across major markets in Nigeria, reversing the sharp hikes recorded in 2024.
Market surveys by TheCable show that the price of both honey beans and brown beans has fallen…
Nigeria recorded 100% crude pipeline availability in June, says Bayo Ojulari
Bayo Ojulari, the group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the country achieved 100 percent crude oil pipeline availability throughout June.
Ojulari announced…
MTN Nigeria targets $1bn cloud market to take on Amazon, Microsoft and Google
MTN Nigeria has launched what it claims is the country’s largest prefabricated modular data centre, marking a bold push into the…
Nigeria’s VAT overhaul tilts power to states, eases burden on households
In a country where fiscal power has long rested in Abuja, Nigeria’s newly signed VAT reforms could quietly rebalance economic control, handing more revenue…
CBEX crypto scam: How AI-hyped Ponzi scheme defrauded African investors
Embarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the…
Full List: 10 properties AMCON is offering for sale across Nigeria
The Asset Management Corporation of Nigeria (AMCON) has made available several properties for sale across…
How interests, overlapping roles may undermine new tax regime
• Governors’ cooperation, political will required to implement laws
• Govt at risk of revenue loss over inefficiency,…
Dangote refinery reduces ex-depot petrol price to N840 per litre
Dangote Petroleum Refinery has reduced its ex-depot price for premium motor spirit (PMS), also known as petrol, to N840 per litre.
The reduction…
Julius Rone leads discussion on interconnected gas markets at NOG2025
Julius Rone joins gas summit at NOG Energy Week 2025 in Abuja, highlighting key energy solutions with top experts and…
FCMB Opens New Branch at Sangotedo in Lagos
First City Monument Bank (FCMB) officially commissioned a new branch in Sangotedo, Lagos, on June 26, 2025. Local leaders expressed strong support and high hopes…
New NIN-linked credit system sparks promise, concern
The integration of credit histories into Nigeria’s National Identification Number (NIN) database is poised to revolutionise…
How Chicken Republic owners grew profit almost 9x in one year
In 2024, Food Concepts Plc, the operators of Chicken Republic, PieXpress, and The Chop Box, posted a net income of N3.3 billion. This represents a…
At N3.7bn per km, Nigeria builds Africa’s most expensive roads
In recent times, Nigeria has spent an average of N3.7 billion ($2.31 million) on the construction of a kilometre of road, making it the nation…
Wealthy Nigerians turn to solar as grid fails
In a candid admission that speaks volumes about Nigeria’s ongoing electricity crisis, Biodun Ogunleye, Lagos State commissioner for energy, told the…
Billions burnt, futures mortgaged: Nigerians query subsidy windfall to governors
…Allege profligacy in spending, lifestyle
…Want oil subsidy savings saved, not shared
When Nigeria’s federal government ended fuel subsidy in mid-2023, it was hailed as a bold step toward fiscal discipline. The…
Again, shareholders accuse government of asset seizure
The Independent Shareholders Association of Nigeria (ISAN) criticised the newly passed legislation mandating the transfer of all unclaimed dividends from registrars to the Central Bank of Nigeria (CBN).
Describing the…
Why air fares may not drop soon – Allen Onyema
•Flying in Nigeria cheaper than in most countries
•My appeal to FG on behalf of Air Peace
Last week, members of the League of Airport and Aviation Correspondents, LAAC, were at Air Peace Headquarters in…
Nigeria’s foreign direct investment dropped by 19.35% to $250m in Q1 2025 – CBN
The Central Bank of Nigeria (CBN) says foreign direct investment (FDI) and portfolio inflows into Nigeria declined in the first quarter (Q1) of 2025.
According to the CBN’s Balance of Payments (BoP) report for Q1…
‘I’m inspired to invest more’ — Otedola lauds FG on tax reform laws
Femi Otedola, chairman of First HoldCo, says he is inspired to invest more with the new tax reform laws.
President Bola Tinubu had recently signed the four tax reform bills into law.
The legislations are…
Digital Identity Blackout: NIMC Silence Deepens as Outage Grounds Key Services
A nationwide digital blackout has struck essential services across Nigeria following a severe server outageat the National Identity Management Commission (NIMC), affecting millions of citizens who rely on the agency’s…
Nigerians earning below N250,000 monthly exempted from Tax — Oyedele
Nigerians earning less than N250,000 monthly will be exempt from income tax under new laws, according to Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms.
Oyedele made the…
Oborevwori felicitates Julius Rone At 51
Delta State Governor, Rt. Hon. Sheriff Oborevwori, has extended heartfelt felicitations to the Managing Director and Chief Executive Officer of UTM FLNG Limited, Mr.…
MultiChoice slashes DStv decoder price to N10,000… offers free upgrades
MultiChoice Nigeria has slashed the price of its DStv decoder by 50 per cent, dropping it from ₦20,000 to ₦10,000.
The company announced that the move aimed to attract more customers and curb declining subscriptions.…