BREAKING: FG Sues Facebook, Whatsapp Instagram over revenue N30B
The Advertising Regulatory Council of Nigeria(ARCON) said it has lodged a suit against Meta Platforms Incorporated (owners of Facebook, Instagram and WhatsApp platforms) and its agent…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Majority of Nigerian MSMEs are Nano-Businesses – SMEDAN
Against popular notion, the new national policy on MSMEs categorizes Nigerian businesses with an annual turnover of less than 3 million naira as nano or micro-micro…
Dangote Cement Forged Tax Receipt, Kogi Govt Alleges
The Kogi State Government through its agency Internal Revenue Service (KGIRS) has accused Dangote Cement Plc Obajana of forging its tax receipt. The acting Chairman of…
FG To Make N500 Billion From 5G in 2023 – NCC
The Nigerian Communication Commission (NCC) has announced that it plans to generate over N500 billion for the Federal Government in 2023 fiscal year, by auctioning 5G…
Waste: Over 54 Billion Naira Spent On Local Refineries Without Results
The Nigerian National Petroleum Company limited (NNPCL), according to its August 2022 FAAC report, spent the sum of N54.663 billion on rehabilitating refineries in the country…
Nigeria’s Debt Hits N42.8trillion – DMO
Nigeria’s total public debt stock rose from N41.60trillion (100.07 billion dollars) in March to N42.84trillion (103.31 billion dollars) in June. The Debt Management Office (DMO), led…
Udom Establishes Automobile Assembly Plant In Akwa Ibom
Governor Udom Emmanuel of Awka Ibom State, has facilitated the establishment of the first automobile assembling plant in Awka Ibom State. The project is carried out…
Buhari Grants 16 Trillion Naira Tax Waiver To Dangote, Others
President Muhammadu Buhari administration has reportedly approved a waiver of N16.76tn in revenue to tax reliefs and concessions given to large companies between 2019 and 2021.…
Kuda Bank Losses Over $16 Million Dollars In Two Years
Kuda Bank MFB, a disruptive fintech and neobank has been recording financial losses in the past two years. Within a two year period, the net loss…
Buhari Orders NNPC To Build East-West Road
President Muhammadu Buhari has tasked the Nigeria National Petroleum Corporation and the companies under it to make sure section 4 of the East-west Road is completed.…