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Google pulls AI satellite image tool over misinformation concerns

Tech

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Economy

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FCT IRS warns contractors against tax remittance error
News

FCT IRS warns contractors against tax remittance error

Ministries, Departments, Agencies, and contractors operating in the Federal Capital Territory of Nigeria have been asked by the FCT-IRS to properly submit Withholding Tax. According to FCT-IRS, WHT for limited liability organizations is paid to the Federal Inland Revenue Service, whereas WHT for businesses and independent contractors is paid to either the state’s internal revenue […]

eNaira balances hit N2.5bn in 2022
News

CBN approves eNaira as payment option for diaspora remittance

The Central Bank of Nigeria announced that it has given recipients of diaspora remittances the opportunity to make payments using its digital currency, also known as the eNaira. Nairametrics reported that the decision, according to the apex bank, is part of its efforts to liberalize the distribution of diaspora remittances. This information is provided in the […]

Aliko Dangote
News

Tweeps react as Dangote loses Africa’s richest man to South-African billionaire

South African billionaire, Johann Rupert, has ousted Nigerian billionaire businessman, Aliko Dangote, to become Africa’s richest man.   According to Forbes Real-time Global Billionaires Ranking, Rupert’s net worth is currently $12 billion, while Dangote trails behind him with a net worth of $10.8 billion as of Friday, June 16, 2023.   It was reported that, […]

Smart TVs will eventually offer X's Long-Form Videos - Elon Musk
News

Elon Musk reclaims spot as world’s richest man

The CEO of Tesla, Elon Musk, now has a net worth of about $233 billion, surpassing Bernard Arnault, CEO of LVMH, who has a net worth of $202 billion, according to an updated Bloomberg Billionaires Index report. Since Arnault first won the top spot in March of this year, Elon and Arnault have been locked […]

Tinubu, Dangote, Elumelu, Otedola, 35 others to attend business summit in Indian
Business

India to overtake China as Nigeria’s top trading partner – Report

In the coming decade, India is expected to overtake China as Nigeria’s top trading partner, according to a report by Standard Chartered and its partners. Nairametrics reported that the “Future of Trade 2030- Trends and Markets to Watch” research noted that Nigeria’s fastest and largest export corridor will be India, with exports anticipated to rise […]

Why Nigeria is Africa's top culinary tourist destination - NIHOTOUR
News

Why Nigeria is Africa’s top culinary tourist destination – NIHOTOUR

Nigeria is the most competitive culinary tourist destination in Africa, according to the Director-General of the National Institute for Hospitality and Tourism, Alhaji Nura Kangiwa, because of its diverse ethnic population and distinctive culinary tradition. “Culinary Arts – The Gateway to Growing Tourism Destination” was the theme of the third edition of the Gastronomy Festival, […]

CAP appoints Folasope Aiyesimoju new Chairman
Appointments

CAP appoints Folasope Aiyesimoju new Chairman

The Board of Directors of Chemical and Allied Products Plc has announced the election of Mr. Folasope Aiyesimoju as Chairman of the Board. Nairametrics reported that the appointment, which became effective on June 15, 2023, came about as a result of Mrs. Awuneba Ajumogobia’s retirement. This information was contained in the company’s notice to the Nigerian Exchange […]

News

Magnitude 4.8 earthquake hits France

The German Research Centre for Geosciences reported that a 4.8-magnitude earthquake occurred in France on Friday. According to GFZ, the epicentre of the earthquake was close to a commune in the Charente-Maritime region of western France at a depth of 10 kilometres (6.21 miles). There was no immediate word on injuries or earthquake-related damage. The GFZ […]

Polaris Bank names Chinwe Iloghalu new Executive Director
Uncategorized

Polaris Bank names Chinwe Iloghalu new Executive Director

Polaris Bank has appointed Chinwe Iloghalu to its executive leadership team as Executive Director, Lagos and Corporate Banking. According to Nairametrics, Chinwe will work for Polaris Bank Limited, a Tier II Nigerian private limited liability corporation that offers banking and other financial services to the country’s citizens through retail, SME, commercial, corporate, and government MDA […]

How VIN affected vehicle importation - Customs
Transportation

NEC backs NADDC on mass production of electric vehicles

The National Economic Council has backed the move by the National Automotive Design and Development Council, to begin mass production of Electric Vehicles and Compressed Natural Gas-powered vehicles in the country.   Addressing the inaugural NEC meeting presided over by the Vice President, Kashim Shettima, on Thursday in Abuja, the NADDC Director-General, Jelani Aliyu, said […]

Subsidy: Daily fuel usage drops from 66m to 41m - Report
Business

Subsidy: Daily fuel usage drops from 66m to 40m – Report

The withdrawal of fuel subsidies, announced by President Bola Tinubu on May 29, 2023, has cut Nigerians’ daily use of petrol from 66 million to 40 million. According to Vanguard, this information was made public by the governor of Abia State, Alex Otti, following the National Economic Council’s inaugural meeting on Thursday at the Presidential […]

Investment

Anambra targets N160bn revenue from oil investment

The Anambra State Government has begun importing one million palm oil seedlings and one million coconuts from Malaysia, in order to make N160 billion annual revenue.   The News Agency of Nigeria reported that the Deputy Governor, Onyekachi Ibezim, disclosed this while inaugurating the 2023 farming season at Alex Ekwueme Square Awka.   Ibezim, who […]

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