Creating business-friendly environment will boost diaspora remittances – Private sector
Members of the Organised Private Sector have called on the government to foster a business-friendly environment to attract increased diaspora remittances. They…
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African nations need higher tax revenues for growth – IMF
The IMF has highlighted that approximately 90% of African Union economies need to enhance tax revenue collection and implement structural reforms to…
Tinubu saved Nigeria N20bn with subsidy removal, naira floating – Edun
The Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun, announced that the full implementation of market-based pricing for Premium…
LCCI raises the alarm over FG’s $2.2bn borrowing plan
The Lagos Chamber of Commerce and Industry has raised concerns over the Nigerian government’s plan to secure a $2.2 billion loan, warning…
Experts warn Nigeria’s infrastructure deficiencies may hinder AfCFTA gain
Experts at the 2024 Maritime Reporters Association of Nigeria Annual Lecture in Lagos cautioned that Nigeria’s inadequate infrastructure could hinder its ability…
Vandals hinder TCN’s Ahoada-Yenagoa 132kV line repair efforts
The Transmission Company of Nigeria has reported a fresh case of vandalism on its Ahoada-Yenagoa 132kV line, which occurred on November 19.…
Amazon to invest $4bn more in Anthropic, OpenAI rival
Amazon announced it would invest an additional $4 billion in Anthropic, increasing its total investment to $8 billion. However, Amazon will continue…
Africa’s ‘rigid border system’ stalls digital growth – Interswitch
The Managing Director of Payment Processing and Switching at Interswitch, Akeem Lawal, has called Africa’s rigid border system a major hindrance to…
FG generates N346bn from November bond auction
The Federal Government raised over N346.155 billion in its November 2024 bond auction, with higher allotments despite offering a reduced amount. The…
Vandalism: NNPC to develop sustainable pipeline network
The Nigerian National Petroleum Company Limited announced on Thursday that it is working to deploy high-integrity crude oil and gas pipeline infrastructure…
Kanji, Jebba power plants suffer N30bn losses
The Kanji and Jebba power plants have reported losses of about N30.5 billion due to repeated grid failures between 2022 and 2024.…
FIRS, NIESV to partner on asset valuation
The Federal Inland Revenue Service has expressed support for a proposed partnership with the Nigerian Institution of Estate Surveyors and Valuers focused…