FG tightens rules as imprest, cash advances triple
The Federal Government has moved to curb the rising use of imprest and cash advances following revelations that over N2.27 billion was…
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FG retains 30% CIT under new Nigerian tax act
The federal government has announced that the corporate income tax rate will remain at 30 per cent for all large companies, under…
Aliko Dangote steps down as chairman of Dangote Cement
Africa’s richest man and founder of Dangote Cement Plc, Aliko Dangote, has stepped down as Chairman and Director of the company’s Board,…
Nigerians in the UK face job loss over sponsorship eligibility
Panic has spread among the Nigerian community in the United Kingdom following the UK government’s decision to remove over 100 job roles…
Dangote Refinery to hit 700,000bpd capacity by December — Report
The Dangote Petrochemical Refinery is expected to raise its nameplate capacity to 700,000 barrels per day by December 2025, marking a significant…
US passport slips to 10th in global power rankings
The United States passport has fallen to its lowest-ever position in the 20-year history of the Henley Passport Index, now ranking 10th…
Nigeria’s AI market to hit $434.4m by 2026 – Report
The Centre for the Study of the Economies of Africa, an Abuja-based nonprofit research think tank founded by former World Bank Managing…
Canal+ gets green light for $2b MultiChoice takeover
French media giant Canal+ Group has received antitrust clearance to proceed with its long-awaited acquisition of MultiChoice Group, South Africa’s largest pay-TV…
CBN holds interest rate at 27.5%
The Central Bank of Nigeria has decided to keep the Monetary Policy Rate unchanged at 27.5 per cent, signaling a continued focus…
Nigeria cuts debt servicing to below 50% of revenue
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has revealed that Nigeria now spends less than…
Rising FAAC payouts threaten inflation control, Cardoso cautions
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has expressed concern over the inflationary pressures resulting from rising liquidity in…
xAI introduces ‘Baby Grok’ as Musk targets younger users
Elon Musk has announced that his artificial intelligence company, xAI, is developing a child-friendly AI application named Baby Grok. The tech billionaire…