MultiChoice Nigeria’s subscriber revenue drops 30% amid price hikes
MultiChoice Group, the parent company of MultiChoice Nigeria, reported a 30.77 percent decline in subscriber revenue from Nigeria for the fiscal year…
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Free zones remits ₦11.11tn to FG in 2023 – NEPZA
The Nigeria Export Processing Zones Authority an organization under the Federal Ministry of Industry, Trade, and Investment, has said that remittances from…
Tinubu addresses economic challenges in Democracy day speech
Alex Omenye In a Democracy Day message celebrating 25 years of uninterrupted democratic governance in Nigeria, President Tinubu acknowledged the economic challenges…
FG reduce signature bonus from $200m to $10m
Ahead of the 2024 Oil Licensing Round, President Bola Tinubu has decreased the signature bonus payable by successful bidders from around $200m…
Nigeria on verge of losing $27bn investment in Escravos – Promoter
The lead promoter of the Escravos Seaport Industrial Complex project in Delta State, Mercury Maritime Concession Company, has said that Nigeria may…
Equity market loses N92bn as stocks tumbles
The Nigerian equity market suffered a loss of N92.32 billion on Tuesday, driven by dips in the stocks of the National Salt…
Guinness share price jumps 8% amid proposed Toklaram takeover
Guinness Nigeria’s share price closed at N54.80 on Monday, up approximately 8.41% from its opening value of N50.55. This follows the earlier…
Nigerians paid N1.43tn in value added tax in Q1 2024 – NBS
Nigerians paid N1.43 trillion in value-added tax in the first three months of 2024, up from N1.20 trillion in Q4 of 2023.…
Banks, others probed for data breach
The Nigeria Data Protection Commission has said that investigations are presently being conducted into over a thousand financial institutions, educational institutions, insurance…
Dangote Refinery shifts petrol production to mid July
Dangote Refinery has advanced the production date of premium motor spirit, also known as petrol, from June to the middle of July.…
Diageo to sell majority stake in Guinness Nigeria
The foreign majority shareholder in Guinness Nigeria Plc, Diageo, has agreed to sell its 58.02% controlling stake to Tolaram, a multinational company…
SMEDAN, Sterling Bank launch N5bn loan scheme for small businesses
The Small and Medium Enterprises Development Agency of Nigeria and Sterling Bank Ltd. have launched Databanc, a N5 billion program to help…