Category: featured

Companies on tax breaks rise to 104 – NIPC

The Federal Government acting through the Nigerian Investment Promotion Commission has awarded new tax breaks...

CBN clears $831m foreign airlines’ trapped funds – IATA

The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared...

7.3 million Nigerians yet to get electricity meters – FG

The latest update on metering by the Federal Government has shown that 609,585 electricity consumers...

IMF’s recommendations misconstrued in Nigeria – Christian Ebeke

The International Monetary Fund resident representative for Nigeria, Christian Ebeke raised concerns over the misapplication...

FG receives $500m W’Bank loan for power distribution

The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution...

Tarrif hike: DisCos sweat as manufacturers insist on old rates

Power distribution companies in Nigeria are facing billions in collection losses as manufacturers refuse to...

NNPC discovers 122 illegal refineries, seals fuel station

The Nigerian National Petroleum Company Limited has discovered a total of 122 illegal oil refining...

Musk AI startup xAI raises $6b, now valued at $24b

Elon Musk’s AI startup, xAI, has raised $6 billion in a Series B funding round,...

FX demand drops by $9bn I. 12 months – CBN

Data from the Central Bank of Nigeria shows that demand for foreign exchange fell by...

FG to start home delivery of passports in June

The Federal Government assured that in June, the home delivery of passports would start making...

TotalEnergies announces $600m investment in Congo, sidelines Nigeria

French oil major TotalEnergies has announced a $600 million investment deal in the Republic of...

NSIB mandates NCAA to review Dana Air’s operating procedures

The Nigeria Safety Investigation Bureau has mandated the Nigeria Civil Aviation Authority to review the...