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Category: Business
FG eyes more tax revenue as global rate rises
The Federal Government has said it will focus more on domestic resources mobilisation with a focus on a more efficient collection of taxes, fees and…
Clear forex backlog to boost naira confidence, Lemo tells CBN
A former Deputy Governor, Central Bank of Nigeria, Dr Tunde Lemo, has advised against the free floating of the naira. He said this while speaking…
CBN investigator probes banks over N1.27tn intervention funds
The Chief Executive Officers and top management staff of banks may also be probed during the ongoing investigation of the activities of the Central Bank…
Power generation drops by 2,324MW – FG
Nigeria’s available power generation capacity has plunged by 2,324 megawatts due to deteriorating plants/units’ capacities and poor maintenance caused by liquidity challenges, among others, the Federal…
Discontinuation of spirits’ import will reduce forex demand – Guinness Nigeria
***International brewer to set up Nigerian arm Guinness Nigeria Plc has said that with its discontinuation of the importation of spirits from the multinational alcoholic…
Depots deserted as petrol landing cost hits N720/litre
Many petroleum products depots are currently deserted due to lack of products caused by foreign exchange rate volatility, as the landing cost of Premium Motor…
17 independent power distributors get licences, 10 operational
The Federal Government has issued licenses to 17 Independent Electricity Distribution Networks operators, among which 10 are currently operational, the government announced on Tuesday. It…
Chevron Commits $100m To Boost Economic Development In Niger Delta
The establishment of Partnership Initiatives in the Niger Delta (PIND), by Chevron has gulped over $100 million and leveraged a corresponding amount from investors and…
FG issues first wholesale gas supply licence under PIA
The Federal Government has issued its first Wholesale Gas Supply Licence for 500 million standard cubic feet of gas per day to an indigenous firm…
Nigeria sets $5bn target for startups
Nigeria has set a plan to help startups raise their total yearly funding rounds to $5bn by 2027. This was disclosed by the Minister of…