National Drug Law Enforcement Agency (NDLEA) has arrested the founder and General Overseer of The Turn of Mercy Church, Prophet Adefolusho Aanu Olasele, also known as Abbas Ajakaiye, over his alleged role in multiple
Browsing: Business
Federal Inland Revenue Service (FIRS) has launched a new electronic invoicing solution to transform how businesses pay taxes in Nigeria, a move that will make tax compliance faster,
Nigeria recorded a significant rise in capital Importation in the first quarter of 2025, with inflows climbing by 67.12 percent to $5.6 billion compared to $3.4 billion recorded in the same period of 2024.
Federal Inland Revenue Service has discontinued the issuance of tax exemption certificates to all categories of taxpayers, including pioneer status companies, non-
The Minister of Power, Adebayo Adelabu, has warned that Nigeria’s power sector could face imminent collapse if urgent liquidity support is not provided to offset the N4tn debt owed to power generation companies.
The Federal Government may sell the 11 power distribution companies through a re-privatisation process if the Electricity Act (Amendment) Bill, 2025, currently before the National Assembly, becomes law.
The Chairman of Heirs Holdings and the United Bank for Africa (UBA), Tony Elumelu, has commended President Bola Ahmed Tinubu for the significant improvement in the oil and gas sector since he assumed office in 2023.
China’s Huawei Technologies unveiled an AI computing system on Saturday that an industry expert says rivals Nvidia’s most advanced product, as the company aims to expand
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has welcomed the release of Nigeria’s rebased 2024 Gross Domestic Product (GDP)
Governor Olayemi Cardoso has reiterated that achieving single-digit inflation remains a primary goal for the Central Bank of Nigeria (CBN), even as the bank continues to deploy bold policy tools to stabilise the economy.
Nigerian National Petroleum Company (NNPC) Limited has reported a sharp decline in oil revenues in June, falling to the lowest point in three months as global crude prices remain unstable.
Nigeria’s economy is far larger and more diversified than previously understood, with its Gross Domestic Product (GDP) expanding from N54.2 trillion to a staggering N205.1 trillion in