Ogun State Governor, Prince Dapo Abiodun, on Thursday said his government would continue with its ongoing infrastructure drive, especially in road construction to fast-track economic growth in the state. Abiodun made the commitment during the commissioning of the six kilometres (first phase) of the Siun-Owode-Ofada road in the Obafemi Owode Local Government of the state. […]
The Federal Government has directed deposit money banks (DMBs) in the country to immediately begin the deduction 0.375% Stamp Duty on all loans disbursed by them and remit the deductions to it. According to a message by the DMBs to their customers with outstanding loans, the deduction is specifically to apply to only the principal […]
The Federal Airports Authority of Nigeria (FAAN) on Thursday announced that it had shut down KFC facility at the Murtala Muhammed International Airport (MMIA) in Lagos with immediate effect over what it termed discriminatory treatment of a customer. The management hinged its action on a social media report by a Passenger with Reduced Mobility (PRM), […]
Ogun State Government has disclosed that at least 20,000 students in tertiary institutions across the country have so far benefited from its ongoing Educash transfer of N50,000 to mitigate the current economic hardships being experienced by undergraduates in the country. This is even as he said that 10,000 indigent students in both primary and secondary […]
The Federal Ministry for Economic Cooperation and Development (BMZ) Germany has commended AFOS Foundation, a civil advocacy organization committed to capacity building across Nigeria’s agribusiness and entrepreneurial value chains, for the successes recorded so far on its ongoing projects in Nigeria. The Senior Policy Officer of BMZ, Dr. Manuel Neumann, gave the commendation during the […]
A leading Africa-focused telecommunications company, Telecel Group, has acquired two West African units from MTN Group Limited preparatory to the latter’s upcoming initial public offering (IPO) within the next three years. According to available information on the deal, the acquired assets of MTN, Africa’s largest wireless company include its debt and equity in Guinea-Bissau and […]
The Central Bank of Nigeria (CBN) successfully conducted an auction of Nigerian Treasury Bills (NTBs) on March 27, totalling N1.64 trillion in sales. The auction result report published by the apex bank indicated that the higher stop rates offered attracted investor interest, indicating an increasing confidence in the nation’s economic instruments. During this latest auction, […]
The Lagos State Government has rectified a six-year-old basic salary error in the pay of civil servants across the state as part of its sustained efforts to improve the socioeconomic well-being of public servants in the state. The initiative, which was announced on the official Lagos State Government’s handle on X, will reflect in the […]
The Nigeria Customs Service (NCS) has further revised the foreign exchange (FX) rate for customs import duties and cargo clearance to N1,405.46 per dollar currently. The latest FX rate as reflected on the Service’s website represents the fifth consecutive time in the past two weeks, the rate had dropped. On March 15, the rate stood […]
…..As Guinness commits to investing more in Nigeria The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has said that President Bola Tinubu has a strategic plan that is being rigorously followed to take the country out of the current economic challenges and reposition it on the path of sustainable development in […]