NIPC earned N9bn from tax waiver fees
The Nigerian Investment Promotion Council has received N9.2 billion in revenue from costs associated with issuing Pioneer Status Incentives to qualified companies…
News
Foreign companies exit costs Nigeria N94tn in five years
The former Director of Research and Advocacy at the Lagos Chamber of Commerce and Industry in Nigeria, Dr Vincent Nwani has stated…
Blackout hits Abia over geometric power plant gas shortage
Most parts of Aba, the commercial hub of Abia State, have been without power for several days due to a lack of…
Naira dips by 215% in one year
Since the harmonization of Nigeria’s foreign currency market segments one year ago, the naira has declined by approximately 214.64% against the dollar,…
Technical, financial support to Nigeria worth over $15bn – W’Bank
The World Bank has stated that its technical advisory and finance to support economic growth in Nigeria today totals more than $15…
NUPRC deploys fund managers for Host Community Trust Funds
The Nigerian Upstream Petroleum Regulatory Commission stated it had identified 31 competent fund managers to invest 20% of the 3% yearly funds…
Wema Bank obtain regulatory approval for N40bn rights issue
Wema Bank has obtained regulatory permission for the allotment of its N40 billion rights offering, which began in December 2023. This marks…
Afreximbank disburses $18bn for crude oil projects across Africa
The African Export-Import Bank 2023 said it granted a total of $18 billion to various projects across Africa, with the strategic goal…
French Embassy unveils €753,000 waste management project in Nigerian universities
The French Embassy in Nigeria, through its Cooperation and Cultural Department, has initiated a €753,000 plastic waste management project that will be…
Multichoice had N31.6bn with defunct Heritage Bank – Report
Multichoice Group, owners of DSTV, before the bank’s liquidation, had an account balance of N31.6 billion with Heritage Bank, according to Nairametrics.…
Multichoice withdraws $184m from Nigeria in one year
Multichoice Group, a pay-TV operator, has reported that it repatriated $184 million (about N192.09 billion) from Nigeria during the fiscal year ending…
AfDB initiates programme to assist 22 countries in debt management
The African Development Bank Group has initiated training programmes to assist 22 transitioning or fragile African countries in effectively managing their debt.…