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Business
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.…
Debt pressure mounts as FG misses revenue target by 31%
... Targets 7% GDP growth as reforms gain traction
... MOFI identifies N38trn underutilised public assets
The federal…
SEC’s tenure limit triggers succession fears among CEOs, directors
Many chief executive officers (CEOs), directors of public companies and capital market operators…
Alleged breach: FG arraigns Multichoice chair, MD, others October 7
The Federal Government has fixed October 7, 2025, for the arraignment of the Chairman of MultiChoice Nigeria, Adewunmi Ogunsanya, and the company’s Managing Director/CEO, John Ugbe, over alleged violations of the…
Skye Bank’s Collapse Was Political, Not Mismanagement – Tunde Ayeni
…I regret ever meeting Adaobi Alagwu
Former Chairman of the Board of Directors of Skye Bank Plc, Tunde Ayeni, has stated that he regrets ever meeting…
FG to raise N100bn with fresh bond issuance
The Federal Government of Nigeria (FGN) through the Debt Management Office (DMO) has offered green bonds valued at N100 billion for subscription at N1,000 per unit.
The DMO announced the offer on its Twitter…
Naira appreciates to N1,600/$ in parallel market
The naira yesterday appreciated to N1,600 per dollar in the parallel market from N1,605 per dollar last weekend.
But the Naira depreciated to N1,550 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Data…
Lagos plastic ban could trigger job losses – MAN warns
The Manufacturers Association of Nigeria (MAN) has warned that the ban on Single-Use Plastics (SUPs) by the Lagos State Ministry of Environment could lead to job losses and trigger economic, operational and social…
2024: Dangote pays N502.6 billion to Cement Shareholders as Dividends
Shareholders of Dangote Cement on Monday were full of praise for the Board, Management, and staff of the company after approving a…
NNPCL Adjusts Petrol Price From N910 To N945 In Abuja
The Nigerian National Petroleum Company Limited (NNPCL) has increased prices of fuel from N910 to N945 in Abuja.
It also adjusted its petrol pump price from N870 to N915 per litre at several of its Lagos retail outlets.…
Fred Smith, Who Transformed Parcel Delivery by Founding FedEx, Dies at 80
Fred Smith, the founder and executive chairman of FedEx Corporation, has passed away, News.Az reports citing the WREG Memphis.
Smith died on Saturday, sources confirmed to WREG. He was 80…
Marketers raise petrol price to N955/litre
MRS filling stations, one of the key oil marketing firms in the downstream, have raised the pump price of Premium Motor Spirit (petrol) to N925/litre in Lagos, from N885/litre as crude oil prices have maintained their…
SEC prohibits independent directors from becoming CEO, limits chairmanship to 4 years
The Securities and Exchange Commission (SEC) has barred independent non-executive directors (INEDs) from taking up executive roles, including that of chief executive officer (CEO), within the same company or group…
Report any bank charging you for USSD service – Telcos tell subscribers
Gbenga Adebayo, chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), has asked customers to report any bank that charges for USSD…
REA PARTNERS WITH FCMB TO LAUNCH ₦100 BILLION FINANCING FACILITY TO ACCELERATE ELECTRICITY ACCESS…
In a landmark move to bolster electricity access for millions of Nigerians, the Rural Electrification Agency (REA) and First City Monument Bank (FCMB) have on Thursday…
Trump policies: Over 14% decline in tourism to costs U.S. $21 billion
Statistics by the United States Travel Association have revealed that the country may lose an estimated $21 billion in travel-related exports…