The Naira on Tuesday depreciated at the official market, trading at N1,416.57 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N62.36. This represents a
The Centre for the Promotion of Private Enterprise, CPPE, says the Nigerian federal government will rake in between N3 trillion and N7.75 trillion in one year with its recently introduced cybersecurity levy of 0.5 per cent on electronic banking transactions. The Director of
Shell Nigeria says it exclusively paid a total of $1.09bn in corporate taxes and royalties to the Nigerian government in 2023, through the operations of the Shell Petroleum Development Company of Nigeria Limited and Shell Nigeria Exploration and Production Company of Nigeria Limited.
Protocols, 1. I am glad to welcome everyone joining us for this brief ceremony where the State’s “Dig Once” policy will be signed to become an official policy of government to regulate and direct the laying and installation of underground broadband technology infrastructure
Celebrations are currently going on in almost every home and family in Abia State today. Pensioners, who before the coming of Governor Alex Otti, had been in grief and mourning, have reason to celebrate once again within a space of one month. Having
After 55 years of producing Quaker Oats products in Danville, Illinois, a company plant is closing, triggering layoffs for 510 employees. The City of Danville announced that PepsiCo will be officially closing the plant on June 8, 2024, though production has already ceased. This
Abia State Government says it is willing to collaborate with the Infrastructure Corporation of Nigeria (InfraCorp) in some critical areas of the state’s economy, including agriculture and power. State Governor, Dr. Alex Otti, OFR, stated this at a meeting with the Managing Director/Chief
Nonchalant about the Epileptic Power supply Amid economic crunch, the Nigerian Electricity Regulatory Commission (NERC) has approved the increase of electricity tariff for customers under the Band A classification. At a press briefing in Abuja on Wednesday, NERC’s Vice Chairman, Musliu Oseni, said
The Senate has resolved to debit the accounts of commercial banks that guaranteed loans to beneficiaries of the Anchor Borrowers Programme of the Central Bank of Nigeria. The Senate vowed to carry out the process through the Central Bank of Nigeria. The Senate
It is certainly not the best of times for Nigeria with the sweeping erosion of every economic foundations both within the country and offshore. While the country has been facing extreme uncertainty in its currency at per with other foreign currencies, the latest
Cast My Brand, a leader in innovative vehicle branding, has announced the launch of its
A German Development Agency, Deutsche Gesellschaft für Internationale Zusammenarbeit (German for German Agency for International
Nigeria’s heartless President,Bola Ahmed Tinubu finally released all the 114 #EndBadGovernance protesters (minors and adults)
United States based Scientist and Business Woman, Princess Angela Obasi has joined other well meaning