CATEGORY
Business and Economy
Product Taxes Increase to N1.36 Trillion in Six Months, Despite Economic Hardship – NBS Reports
By Daniel EduTaxes on various products within the country have surged to N1.36 trillion during the first half of 2023, despite prevailing economic challenges.This...
NLC and FMBN in Conflict over N238bn National Housing Fund
By Daniel EduThe Nigerian Labour Congress (NLC) and the Federal Mortgage Bank of Nigeria (FMBN) are engaged in a dispute concerning the management of...
End of Borrowing for Nigerian Economy Declared by Finance Minister
By Milcah TanimuThe Nigerian government has announced its decisive step to discontinue borrowing from both local and foreign sources. This decision is intertwined with...
Nigerian Banks Suffer N6.03 Billion ($7.8 million) Losses in 2023 Due to Rising Fraud
By Milcah TanimuIn the first half of 2023, Nigerian banks have faced significant financial losses, totaling N6.03 billion ($7.8 million), owing to a surge...
Banks and Listed Companies Fined N125 Million for Late Filings
By Daniel EduSeveral banks and 18 other listed companies in Nigeria have collectively been fined N125 million for failing to meet the deadlines for...
GDP grew by 2.51% in Q2 2023 lower than 2022-NBS
By Joy Amachi
The Gross Domestic Product (GDP) growth rate in real terms grew by 2.51% in the second quarter (Q2) of 2023 on a...
Mastercard To End Crypto Card Partnership With Binance
Mastercard (MA.N) and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a...
Nigeria Ranked 11th Globally in Internet Penetration, 7th in Mobile Phone Usage – NCC Reports
By Daniel EduThe Nigerian Telecommunications Commission (NCC) revealed on Thursday that Nigeria holds the eleventh position worldwide in terms of Internet penetration and is...
Foreign Firms Pay Over N1.98tn in Taxes to Nigerian Government
By Daniel EduGoogle, Netflix, Facebook, and other foreign companies operating in Nigeria have collectively paid over N1.98 trillion in taxes to the Federal Government...
Naira Weakens to 920/$ as Fuel Marketers Push for Price Increase
By Daniel EduOil marketers are maintaining their stance on a potential hike in the pump price of Premium Motor Spirit (PMS), commonly known as...
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