Telcos blame govs as ICT’s GDP contribution falls
The contribution of the Information and Communication sector to Gross Domestic Product fell by nine per cent from N3.1tn in the fourth quarter of 2021 to N2.81tn in the first…
Cost of 12.5kg cooking gas rises to N9,400
The cost of cooking gas has become the latest inflation news to hit the spotlight, after the rise of the Consumer Price Index to 16.82 per cent in April from…
2023: Candidates must show tax compliance proof, says CITN
In this interview with, the President and Chairman in Council, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, speaks on tax issues in the country Tax compliance is still…
Manufacturers spend N425bn on alternative power
Manufacturers spent N425 billion on alternative energy sources such as gas, low-pour fuel oil, diesel, and petrol between 2017 and 2021, according to The PUNCH’s computation of energy expenditure of…
Gencos, Discos, others’ revenue shortfall hits N1.6tn
Total shortfall in the Nigerian power sector has reached N1.6trn in eight years, findings have shown. The Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors, Sunday Oduntan, revealed…
Customs, firm seal $3.2bn digitisation deal
The Nigeria Customs Service and a consortium, Trade Modernisation Project Limited, on Monday, signed a concession agreement worth $3.2bn to digitalise operations of the border security and revenue collection outfit.…
Airfares rise by 52% over forex, jet-A1 crisis
The average airfare paid by passengers on specified routes for a single journey has increased by 52 per cent in the past 12 months, the National Bureau of Statistics data…
Commodity price surge to become global problem – World Bank
The World Bank on Monday said that recent commodity price shocks, particularly in food and energy, are likely to be felt by people around the world. This was disclosed in…
Nigeria eligible for preferential access to US market – Ambassador
The United States of America Ambassador to Nigeria, Mary Beth Leonard, at the weekend, disclosed that Nigeria would continue to be eligible for preferential trade access to the US market…
NPA has no right to concession barging – Operators
The Barge Operators Association of Nigeria has said that the Nigerian Ports Authority, NPA, does not have the right to concession barging because they are owned by individuals and not…
Cabals benefit from petrol imports, frustrate local refineries –IPMAN
The massive imports of Premium Motor Spirit, popularly called petrol, using the United States dollar, will continue to put pressure on the naira and cause a further devaluation of the…
Banks tighten access to forex as reserves hit seven-month low
The country’s external reserves hit a seven-month low after falling to $38.57bn as of May 25, 2022, figures obtained from the Central Bank of Nigeria have revealed. Findings have shown…
