FIRS urges judiciary support to strengthen tax system
The Federal Inland Revenue Service has emphasized the crucial role of the judiciary in sustaining a robust tax system in Nigeria. The agency stated that the integrity and cooperation of…
Nigeria, USA annual trade reaches $10bn
The Consul-General of the United States Consulate in Lagos, Will Stevens, stated that Nigeria and the US maintain a $10 billion annual trade relationship. Stevens made this statement during the…
Air Peace raises Lagos-Abuja ticket price to N200,000
Starting November 1, 2024, a one-way flight ticket from Lagos to Abuja on Air Peace will rise to N200,000. The challenging economic conditions have pressured airlines to raise their fares,…
Legal challenges could delay N102bn Lekki airport project
The Lagos State Government's plan to build a new airport to complement Murtala Muhammed Airport may face legal challenges due to an existing agreement prohibiting such construction. This agreement is…
Qualcomm enhances mobile phone chips for AI
Qualcomm announced on Monday its plans to enhance its mobile phone chips by incorporating technology originally developed for its laptop processors, aimed at boosting performance for generative AI applications. As…
Refinery: Dangote seeks cancellation of NMDPRA import licences
Dangote Petroleum Refinery and Petrochemicals FZE has filed a lawsuit with the Federal High Court in Abuja, requesting the annulment of import licences granted to the Nigeria National Petroleum Corporation…
Microsoft to launch autonomous AI agents in November
Microsoft has announced plans to enable customers to build autonomous AI agents starting in November, aiming to leverage the expanding AI market. These agents differ from traditional chatbots by requiring…
IBM launches new AI models to capitalize on growing demand
IBM has unveiled the latest version of its artificial intelligence model, "Granite 3.0," aiming to meet the increasing demand from businesses adopting generative AI technology. Released on Monday, these models…
FG approves divestment of four international oil companies
The federal government has sanctioned the divestment of four international oil companies, as announced by the CEO of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe. Komolafe made this disclosure…
Manufacturing firms reduce debt burden by N1.62tn in H1 2024
Manufacturing companies in Nigeria successfully reduced their debt burden by N1.62 trillion between February and June 2024, according to data from the Central Bank of Nigeria’s statistical bulletin on sectoral…
Marketers import fuel as Dangote struggles to meet demand
No fewer than four vessels carrying Premium Motor Spirit, commonly known as petrol, arrived at Nigerian seaports between Friday, October 18, and Sunday, October 20, according to reports by The…
Private power supply costs N750/kWh, says Minister Adelabu
The Minister of Power, Adebayo Adelabu, has revealed that generating electricity using petrol now costs private entities up to N750 per kilowatt-hour (kWh) due to the soaring price of petrol.…
