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Investment

FG plans $220m investment for youth job opportunities

The Federal Government of Nigeria has concluded plans to invest $220 million in creating employment opportunities for young Nigerians. Vice-President Kashim Shettima made this disclosure on Wednesday while officially inaugurating the Nigeria Jubilee Fellows Programme 2.0 at the Presidential Villa, Abuja. This significant initiative will be spearheaded in collaboration with the European Union and the […]

Investment

UK pledges $40m investment in Ondo cocoa sector

United Kingdom Deputy High Commissioner Jonny Baxter has pledged a deeper collaboration between the UK and Ondo state with a $40 million British International Investment commitment in JohnVents Cocoa. Ondo State Governor, Dr. Lucky Orimisan Aiyedatiwa, on Wednesday, formally invited the British envoy to explore the state’s rich natural and economic resources, describing Ondo as […]

Telcos to receive $1bn network equipment in July — Minister
Business

Tinubu nominates Bosun Tijani as USPF board chair

President Bola Tinubu has requested the Senate to confirm the appointment of Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, as Chairman of the Universal Service Provision Fund board. In a letter read during Wednesday’s plenary by Senate President Godswill Akpabio, Tinubu said the nomination complies with Section 116 of the Nigerian Communications Commission […]

Emefiele gets N300M bail in N18.96bn note printing case
News

Court to rule on witness eligibility in Emefiele trial

Justice Hamza Muazu of an Abuja High Court on Wednesday adjourned until November 27 for a ruling on the eligibility of a witness from the Office of the Attorney-General of the Federation to testify in the trial of the former Central Bank of Nigeria Governor, Godwin Emefiele. Emefiele is being prosecuted by the OAGF in […]

Apple to pledge $100bn to US manufacturing
featured Tech

Apple, Google face deeper UK antitrust scrutiny

Britain’s competition regulator on Wednesday intensified its focus on Google and Apple, citing their “strategic” influence over mobile ecosystems and paving the way for possible measures to boost market competition. The Competition and Markets Authority designated both U.S. tech giants as having “strategic market status,” a move that grants regulators greater oversight of their operations. […]

How FG can boost Nigeria's digital growth - Analyst
Telecommunications

Telecom operators record unprecedented surge in data usage – Report 

Telecom operators in Nigeria, including MTN, Airtel, Globacom, and other Internet Service Providers, are witnessing record growth in data usage across their networks, driving the need for increased investment in capacity expansion. According to the latest figures from the Nigerian Communications Commission, data consumption rose to 1.15 million terabytes in August, up from 1.13 million […]

Business

Dangote refinery to offer 5–10% stake on NGX next year

The founder of the Dangote Group, Aliko Dangote, has revealed that the Dangote Petroleum Refinery plans to list between 5 and 10 percent of its shares on the Nigerian Exchange Limited within the next year. In an interview with S&P Global on October 20, Dangote said the plan follows the model used for Dangote Cement […]

Domestic airfares in Nigeria surge by 19% in one year - NBS
Aviation

NAMA urges FG to suspend 50% revenue deduction

The Nigerian Airspace Management Agency has urged the Federal Government to suspend the 50 per cent revenue deduction currently applied at source to its internally generated funds, warning that the practice could disrupt the agency’s operations and compromise air passenger safety. NAMA has repeatedly called for the halt of the mandatory deduction, stressing the urgent […]

Business

Bill to add VAT in exclusive list passes second reading

A bill proposing to place Value Added Tax under the Exclusive Legislative List has passed its second reading in the House of Representatives. The legislation is jointly sponsored by Deputy Speaker Benjamin Kalu, along with Chris Nkwonta, Daniel Ago, Nkemkanma Kama, Tolani Shagaya, Alex Egbona, and Joshua Gana. Leading the debate during Wednesday’s plenary, Joshua […]

Opinion

Tackle corruption, tax religious institutions, expert urges FG

Economist, Daramola Omoyele has advised the government to include religious institutions in the new tax net in Nigeria, emphasizing that the new tax reform, though well-intentioned, would fail if it exempts the most powerful while burdening the powerless. In an interview with the News Agency of Nigeria on Wednesday, Omoyele acknowledged that the new Nigeria […]

UBA wins Bank-of-the-Year award in Nigeria, seven other countries
Banking

UBA inducts over 700 young professionals

United Bank for Africa Plc, Africa’s Global Bank, has inducted over 700 young professionals into its workforce following their graduation from the Graduate Management Accelerated Programme—a flagship talent initiative designed to groom the next generation of African leaders. Since its launch three years ago, the GMAP has successfully produced more than 4,000 professionals across the […]

Technology

Nigeria, Denmark sign MoU to drive digital transformation

The Federal Government of Nigeria, through the Ministry of Communications, Innovation and Digital Economy, has signed a Memorandum of Understanding with Denmark to strengthen collaboration on digital transformation and innovation aimed at driving inclusive economic growth. The agreement was officially signed in Lagos during the NORDIC Nigeria Connect Conference, which was themed “Forging Partnerships for […]