FG expresses concern over N4tn debt owed by several companies
A Federal Government agency, Asset Management Corporation of Nigeria has requested assistance from stakeholders in order to recover N4 trillion in debt owed by businesses and other private organizations…
Nigeria must address food inflation before subsidy removal – Budgit
The Chief Executive Officer of a Nigerian civic group, Budgit Oluseun Onigbinde, has stated that the first thing the new administration needs to pay attention to is tackling inflation. The…
May Day: Union advises the aviation minister to prepare handover note
The Minister of Aviation, Sen. Hadi Sirika, has received counsel to emulate other ministers by preparing his handover note to the Permanent Secretary in the ministry as opposed to pursuing…
TCN to reconnect defaulting DisCos as power minister intervenes
The Transmission Company of Nigeria says it will reconnect the three electricity distribution companies earlier disconnected from the national grid for non-compliance with market rules. The three defaulting DisCos,…
Stakeholders reject $250 surcharge on Nigeria-bound cargoes
Stakeholders in Nigeria's maritime sector have expressed their disagreement with the French shipping firm, CMA CGM's new overweight cargo surcharge. According to The Punch, the surcharge of $250 per…
Telecom workers threaten to embark on three-day strike
Bisola David Huawei Technologies Company Limited has been served with a three-day warning strike notice by the Private Telecommunications and Communications Senior Staff Association of Nigeria due to suspected…
Nigeria records losses on onion production annually – NOPMAN
Nigeria's National Onion Producers, Processors, and Marketers Association reported that Nigeria produces two million metric tons of onions annually, with 40% being Sokoto’s total production. This was said by the…
CBN denies phasing out redesigned naira notes
By Wilson Adekumola The Central Bank of Nigeria has dispelled the reports going viral including social media platforms that it planned to phase out the newly redesigned N1, 000,…
FG re-introduces excise duty on telecoms – Report
The Federal Government has once again begun plans to implement the 5% excise duty on telecommunications services. Nairametrics reported that this additional tax is part of the new Fiscal Policy…
Partnerships will boost Nigeria’s infrastructure deficit – Greenwich Bank
The Managing Director of Greenwich Merchant Bank, Bayo Rotimi has said that the Nigerian government needs to embrace partnerships to overcome the challenge of the country's infrastructure deficit. Rotimi, who…
Dubai firm to host tech event in Nigeria
Dubia headquartered firm, Vertex Next has stated that it would be hosting an event that focuses on emerging trends in blockchain technology, big data, and artificial intelligence. The tech event…
Nestlé reaffirms commitment to youths’ technical training
Nestlé Nigeria has reaffirmed its commitment to reducing the lack of technical skills by providing young individuals with the necessary abilities to help speed up industrial development and advance Nigeria's…
