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Nigerian tax institute trains Gambian authorities on tax audit
News

Nigerian tax institute trains Gambian authorities on tax audit

The third batch of top Gambian Revenue Authority officers’ in-house intense training sessions on tax audits in the oil and gas business has begun, hosted by the Chartered Institute of Taxation of Nigeria. The PUNCH recorded that, speaking on Monday at the training’s opening ceremony in Lagos, the President and Chairman of the Council of […]

Dating platform Bumble shares drop as paying users decline in Q2
Tech

Dating app Bumble reduces workforce by 30%

The CEO of dating app, Bumble, Lidiane Jones has announced a workforce reduction, with approximately 350 employees, constituting 30% of Bumble’s total staff, being laid off. Simultaneously, the company is set to undergo a comprehensive app overhaul aimed at rejuvenating growth. Lidiane Jones emphasized the company’s near-term focus on AI, enhanced safety measures, and features […]

Banking

CBN to meet with foreign investors today

By Alex Omenye   The Central Bank of Nigeria Governor, Yemi Cardoso, is scheduled to participate in a significant meeting with foreign portfolio investors on Wednesday, February 28, 2024. Facilitated by the Nigerian Exchange Group in collaboration with the CBN and supported by prominent financial institutions such as Standard Bank, Citi Bank, J.P. Morgan, and […]

TikTok removes more Universal Music songs as conflict worsens
Tech

TikTok removes more Universal Music songs as conflict worsens

TikTok is facing further song removals in the ongoing dispute with Universal Music Group, as the social media platform begins to take down songs published by UMG. The conflict arose last month when UMG announced the failure to reach a deal with TikTok’s parent company, ByteDance, regarding royalties. This led to TikTok removing songs owned […]

Pensioners lament FG’s decision to scrap PTAD
News

Pensioners lament FG’s decision to scrap PTAD

Pensioners under the old pension scheme have revealed that they are unhappy with the Federal Government’s decision to scrap the Pension Transitional Directorate Arrangement. Premium politics reported that last Monday, ministries, departments, and agency performance by the Orosanye Committee was approved by the Federal Executive Council, which is headed by President Bola Tinubu. As many […]

Dangote, PH refineries risk oil shortage due to poor production - FG
Oil and Gas

Dangote, PH refineries risk oil shortage due to poor production – FG

The country’s recently opened Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery, and modular refineries may not have access to enough crude oil locally to produce petroleum products, according to State Petroleum Resources (Oil) Minister, Heineken Lokpobiri. According to The PUNCH, he said this is only avoidable if concerted efforts are made to increase investments […]

FG begins construction of 700km Lagos-Calabar highway
Economy

FG constructs off grid plants to tackle energy shortage

By Melvin Onwubuke   The Federal Government has announced, it is planning to construct a off-grid power plants to address energy poverty among Nigerians. This was disclosed by the minister of power, Adebayo Adelabu in Abuja on Tuesday, at a 2-day stakeholders roundtable, organized by the Rural Electrification Board, according to The Punch. In the […]

Banking

CBN prepares tough financial sanction for banks

In order to lower violations in the nation’s financial sector, the governor of the Central Bank of Nigeria, Olayemi Cardoso, has committed to pursue an aggressive regulatory environment. Cardoso made the disclosure at the first meeting of the Apex bank’s Monetary Policy Committee after taking office in September 2023, he made this statement on Tuesday […]

NNPC, First E&P provide free healthcare in host communities
Oil and Gas

Nigeria’s energy scarcity to end in 10 years – NNPCL

By Melvin Onwubuke   The Nigerian National Petroleum Company Limited has announced, the energy scarcity in the nation would end within 10 years. This was disclosed by Mele Kyari, NNPCl Group Chief Executive Officer, in Abuja on Tuesday, at the opening ceremony of the seventh edition of the Nigerian International Energy Summit, according to The […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
News

CBN pledges to recover N10tn intervention loans

The Central Bank of Nigeria, which continues to stand by its previous position of withdrawing direct development funding, has pledged to retrieve all of the over N10 trillion in intervention loans it has issued to various economic sectors. According to BusinessDay, in addition to delivering the results of the two-day meeting of the Monetary Policy […]

Apple terminates electric car project “Project Titan”
Tech

Apple terminates electric car project “Project Titan”

Apple has officially terminated its ambitious autonomous electric car project, known internally as “Project Titan,” in a meeting with the team held on Tuesday morning. This decision is anticipated to result in the layoff of hundreds of employees from the team, and all ongoing work on the project has been halted. According to reports, some […]

CBN warns public against fake contracts, grants, intervention fund scams
Tech

CBN clears $400m FX backlog

Melvin Onwubuke The Central Bank of Nigeria has announced it has cleared the backlog of verified, genuine, forward requests of $400 million. This was disclosed on Tuesday, by the CBN Governor, Yemi Cardoso during a media briefing after a two-day MPC meeting, where the MPR was raised by 400 basis points to 22.75 per cent […]

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