IMF expresses concerns over Kenya’s fuel subsidy reintroduction
The International Monetary Fund has raised concern over Kenya’s plan to reintroduce fuel subsidies. Business Insider reported that the global lender expressed reservations…
Business
FG plans to sell five power plants for $1bn
The Federal Government, through the Bureau of Public Enterprises, is now conducting transactions to sell five power plants under the National Integrated…
Chery Automobile sales increase by 52.6%
Chery Automobile says it sold 1,881,316 automobiles in 2023, a 52.6 per cent increase over the previous year. The PUNCH reported that…
Forbes: African billionaires’ combined wealth hits $82.4bn
Forbes estimates that Africa’s wealthiest individuals have a combined net worth of $82.4 billion, and the return of Nigerian billionaire investor Femi…
Apple to pay artists for spatial versions
Alex Omenye Apple has disclosed it will pay additional royalties starting this month to artists to have a spatial audio version on…
Equity market maintains positive trend with N673bn gain
The equity market continued to rise on Monday, with investors gaining N673 billion. The PUNCH reported that the All-Share Index and the exchange’s market…
Bricklinks Africa’s revenue falls by 9%
Internet Service Provider, Bricklinks Africa, has reported a 9.82 per cent revenue decline for the fiscal year ending December 2023. The PUNCH reported…
Dangote cement hits historic N10trn market capitalization
Dangote Cement’s market capitalization surpassed N10 trillion at the conclusion of trade on Monday, making it the first business to reach that…
NNPC to use Afrexim bank’s $3.3bn loan for operational costs
The Nigerian National Petroleum Company Limited stated its plan to use the $3.3 billion loan received from the African Export-Import Bank to…
Rotary donates $14m grant to end polio in Nigeria
The World Health Organization on Thursday, applauded the Rotary International’s new financing pledge to support Nigeria’s efforts to eradicate all kinds of…
Top ten best passports in Africa
Alex Omenye Nigerian passport has emerged the 50th strongest passport in world with regard to its relevance, access to countries and strength…
FG can train area boys to be tax officers – Oyedele
The Chairman of Presidential Tax and Fiscal Policy Reform, Taiwo Oyedele, has spoken about the ongoing efforts to cut different taxes at the state…