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Spider-Man makes ₦120.4m, sets new Nigerian box office preview

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Oil and Gas

Brent declines amid slow economy

US crude oil rose around 3% on Wednesday, closing the price gap with global benchmark Brent in a post-holiday reaction to production restrictions imposed by Saudi Arabia and Russia on Monday. According to Reuters, after increasing by $1.60 on Tuesday, Brent crude was down 64 cents, or 0.8%, at $75.61 a barrel by 0913 GMT. […]

Investors gain N441bn as stock market rebounds
Economy

Investors gain N441bn as stock market rebounds

        The Nigerian equity market rebounded strongly on Wednesday, with investors gaining N441 billion at the end of the trading session. According to The PUNCH, the All-Share Index rose 1.33 per cent to 61,523.57 points at the close of trading, breaking the previous day’s record of 60,715.04 points. In stark contrast to […]

FG okays Air Peace, Max Air, FlyNas for 2024 Hajj
News

2023 Hajj: 4.25m people visit Prophet’s mosque in a week

A report released on Tuesday by the Agency for the Presidency of the Prophet’s Mosque in Saudi Arabia, from June 25 to July 2, or Dhul Hijjah 7 to 14, shows that more than 4,252,000 people visited and worshipped there. The president’s planning and facilitation allowed 75,529 worshippers to visit the Rawdah Sharif, according to the Saudi […]

Why Kano gov placed commissioners on six-month probation
News

Why Kano gov placed commissioners on six-month probation

The Governor of Kano State, Abba Kabir Yusuf, stipulated that the newly appointed commissioners must serve a six-month probationary term before beginning their official duties. Governor Yusuf stressed that his administration is capable of managing the tasks at hand and that failure, laziness, and negligence will not be tolerated by his administration. The Governor, who presided […]

Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission
Telecommunications

Nigeria’s telecoms investment hits $75.6bn – NCC

The Nigerian Communications Commission reported on Wednesday that as of 2021, the country’s telecoms sector has received 75.6 billion dollars in both local and foreign investment. The News Agency of Nigeria reported that during an interactive session with stakeholders in the communications media ecosystem in Lagos, the Executive Vice Chairman of the NCC, Prof. Umar […]

Why Tinubu should ban dollar cash transactions - Operator
Business

FG to recover N553bn unremitted petroleum shipping tax

The Nigerian government disclosed its plans to recover N553 billion of unpaid taxes from foreign oil shipping companies doing business in the country. The Federal Inland Revenue Service’s Director of International Tax, Mr. Abdullahi Aliyu, said this on Wednesday at a summit with the topic “Sensitising the Nigerian Maritime Industry on the New Tax Policy and […]

2023 Census: NPC seeks additional N256bn for training, others 
News

Nigeria’s population growth rate hits estimated 3.2% – NPC

The National Population Commission has announced that the country’s population growth rate is 3.2 percent, based on an estimated 216 million people. The News Agency of Nigeria stated that this was revealed on Wednesday at a lecture hosted by the Commission and the Institute of Development Studies, University of Nigeria Enugu Campus by the NPC Federal commissioner for […]

Netherlands prohibits phones in schools
News

Netherlands prohibits phones in schools

In order to prevent learning from being disrupted, the Dutch government has announced that gadgets like mobile phones will be banned from classrooms. According to Arise News, the program is being launched in partnership with schools and will go into effect at the beginning of the following year. Although the ban is not currently enforceable […]

Why Tinubu should ban dollar cash transactions - Operator
News

Tinubu backs $5b floating LPG project

President Bola Tinubu on Wednesday gave his support to the implementation of a $5 billion floating Liquefied Natural Gas project in the country.   The Tribune reported that he gave the backing when he received a group of joint venture partners made up of UTM FLNG, TECHNIP Energies, and JGC Corporation in his office at […]

FG moves to sanction PoS agents over price fixing
News

FG moves to sanction PoS agents over price fixing

        The Federal Competition and Consumer Protection Commission is currently investigating alleged price fixing attempts by Point of Sales agents and will impose sanctions upon those found guilty. The transaction charges of PoS agents in Nigeria, Lagos Chapter are set to increase, as announced by the Association of Mobile Money and Bank […]

Premium Pension appoints new chairman, directors
News

Premium Pensions announces intention to merge

Premium Pensions Ltd, has announced that there are ongoing discussions about a takeover plan but they have claimed that so far, no definitive agreement has been reached. Premium Pension also indicated that a corporate merger was being considered, indicating that it intends to either be acquired or combined with another company, presumably one that operates as […]

Facebook to shut down news tab in US, Australia
News

Italy’s Meta tax review begins test case

Alex Omenye The initial examination of Facebook parent firm Meta in a tax lawsuit, which might result in a bill for the American business of about 870 million euros ($925 million) and serve as a test case for the digital industry, is anticipated to take Italy until the end of the year. Although a small […]

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