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Category: Business
FG plans N2tn economic revival scheme, inaugurates council
The Federal Government has presented the outcomes of its review of the accelerated stabilisation and advancement plan, which seeks to inject N2tn into the economy…
Works Minister, David Umahi visits Kamsteel factory, applauds massive investment, promises FG’s supports
…says 70 per cent of our roads now designed on concrete …directs contractors to patronize local top class manufacturers for materials against importation The federal…
Nigeria’s electricity generation declines to 4,723.30MW peak
Nigeria’s electricity generation has declined to 4,723.30 megawatts peak on July 4, 2024. This is according to the latest data from the Transmission Company of…
Recertification: NCAA suspends 10 private jet operators
The Nigeria Civil Aviation Authority (NCAA) has suspended ten private jet operations over failure to begin the recertification process. This is contained in a statement…
Saudi Arabia discovers 7 more oil, gas deposits
The Kingdom of Saudi Arabia has discovered seven oil and gas deposits in the Kingdom’s Eastern Province and Empty Quarter, the Saudi Press Agency reported….
Senate rejects move to oversight security budgets to prevent funds diversion
The Nigerian Senate has rejected an amendment to a motion urging the upper chamber to oversee and monitor security budgets, specifically for the purchase of…
Nigerian govt gives 24-hour ultimatum for 2024 oil blocks license registration
The Nigerian federal government has announced a 24-hour deadline for new investors to register for the 2024 oil block licensing bid round. This announcement was…
National Assembly to receive ‘N6.6trn’ supplementary budget next week
Barring any unforeseen circumstances, the two chambers of the National Assembly are set to receive 2024 Supplementary Appropriation Bill from the presidency next week. This…
CBN to sanction banks rejecting old dollar notes
The Central Bank of Nigeria has warned against the continued rejection of old series and lower denominations of the United States of American dollars by…
Nigeria to collect 7.5% tax on cryptocurrency transactions
Nigeria government is to receive a 7.5 percent Value Added Tax on Cryptocurrency transactions from users registered in the country from July 8, 2024.A popular…