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Category: Business
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…
Hardship pushes 30 per cent of Nigeria’s poultry farmers to shutdown in H1 2024
Poultry farmers have said that 30 percent of poultry farms in Nigeria were shut down in the first half of 2024 due to economic hardship.National…
‘No growth will happen’ – Dangote kicks against CBN’s interest rate
The Chairman of the Dangote Group, Aliko Dangote, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest…
EU remains Nigeria’s biggest investor- Ambassador
The European Union Ambassador to Nigeria and the Economic Community of West African States, Samuela Isopi, has said the EU remains Nigeria’s biggest foreign investor…
JUST IN: NNPCL declares state of emergency on oil production
The Nigerian National Petroleum Company Limited says it has declared a state of emergency on oil production.It said this was a move towards increasing Nigeria’s…
75 private aircrafts comply with Nigeria Customs’ verification exercise amid clampdown
The Nigerian government has said that 75 private aircrafts have complied with its Verification Exercise over unpaid import duties.The spokesperson of Nigeria Customs Service, NCS,…