Financial sector growth rises over 20% in three years – Report
Nigeria’s Financial and Insurance sector grew from 10.1 per cent in 2021 to 31.2 per cent in the first quarter of 2024,…
News
Apple exceeds expectation, records $85.8bn revenue in Q3 2024
Apple has exceeded market expectations with its fiscal 2024 third-quarter earnings, reporting record figures of $85.8 billion in revenue, marking a 5%…
FG didn’t tamper with MTN, 9Mobile, other internet connection – Minister
Minister of Communication, Innovation, and Digital Economy, Bosun Tijani, has refuted claims that the Federal Government instructed telecom companies to disrupt network…
Guinness Nigeria declares 31% revenue growth
Guinness Nigeria Plc declared a 31% year-on-year revenue increase for the fiscal year that concluded on June 30, 2024. A statement by…
WhatsApp may exit Nigeria over $220m fine – Report
One week after Nigeria’s Federal Competition and Consumer Protection Commission imposed a $220 million fine on WhatsApp for a data privacy breach,…
FG orders probe into $300 passport fee allegations at London Embassy
Minister of Interior, Olubunmi Tunji-Ojo, has announced an immediate investigation into the allegations made by Nigerians in London over an extra $300…
FG projects $7.2bn expenditure on two deep seaport projects
The Federal Government will need to invest about $7.2bn to complete two approved deep seaports across the country. The projects are Ibom,…
Expand beyond banking to attain $1tn economy, Afrinvest tells FG
The Federal Government has been informed that the nation must expand outside the banking industry to reach the estimated $1 trillion GDP.…
Otedola backs FG’s 70% windfall tax on banks’ FX earnings
Billionaire businessman, Femi Otedola, is in favour of the federal government’s 70% windfall tax on banks’ foreign exchange earnings. The business mogul…
Monthly electricity subsidy surge 151% to N211bn – Report
The electricity subsidy obligation of the Federal Government rose from N252.76bn to N633.30bn in the first quarter of 2024, according to Nigerian…
Manufacturers advocate integration of blockchain to transform African trade
Manufacturers and stakeholders across Africa are pushing for the adoption of blockchain technology to transform trade under the African Continental Free Trade…
Senate passes bill to raise CBN loans to FG
The national assembly on Wednesday passed a bill to raise the percentage of Ways and Means loans the Central Bank of Nigeria…