Business News
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Nigeria’s revenue target under threat, Brent Crude falls $6 below FG benchmark for 2024
Oil prices fell further in the London trading session on Wednesday, hitting five-month lows and heightening concerns that Africa’s largest…
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CAF Awards: Osimhen, Oshoala Emerge Africa’s Best Players
By Adedapo Adesanya Nigeria won the most awards at the Confederations of African Football (CAF) Awards on Monday with Napoli’s…
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COP28 reaches landmark deal on transition from fossil fuels
Nations around the world have reached a landmark deal to limit the use of fossil fuels at COP28 in Dubai.…
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“TikTok hits $10 billion consumer spending in app stores” – Report
Bytedance’s short video platform, TikTok, has generated $3.8 billion in consumer spending from the Apple App Store and Google Play…
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Okonjo-Iweala Makes Case for Subsidies to Tackle Climate Crisis
By Adedapo Adesanya The Director-General (DG) of the World Trade Organisation (WTO), Mrs Ngozi Okonjo-Iweala, has urged countries to prioritise…
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Abia budgets N567 billion for 2024, capex to gulp 84%
Governor Alex Otti of Abia on Tuesday presented the 2024 Appropriation Bill, totalling N567.2 billion, with proposed new borrowings of N385.3…
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FG May Increase 2024 Budget of N27.5trn
By Adedapo Adesanya The federal government may return to the National Assembly for the appropriation of extra revenue for the…
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Looking at assumptions of 2024 budget
The Oil output: This is the most important assumption in the budget as it drives the revenues that will accrue…
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Nigeria’s Gas Output Drops 3.7% to 166.458bcsf in October
By Adedapo Adesanya Nigeria’s total gas output dipped by 3.7 per cent to 166.458 billion standard cubic feet (SCF) of…
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FCMB’s 2023 9M Report: Impressive profitability growth amid rising risks
First City Monument Bank (FCMB) recently released its 9M 2023 results, recording impressive profitability and returns to shareholders evidenced by…
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Customs Hikes 2024 Revenue Target by 20% to N6trn
By Adedapo Adesanya The Nigeria Customs Service (NCS) has increased its revenue generation target for 2024 fiscal year by 20…
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Elon Musk’s X braces for $2.5 billion Ad sales slump
Elon Musk’s social media platform, X, formerly Twitter, is poised to register a substantial dip in advertising revenue for the…
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Tingo Mobile Launches Advanced ePOS System for Seamless Transactions
By Adedapo Adesanya Technology solutions company, Tingo Mobile, has announced the launch of Tingo ePOS, an innovative electronic point-of-sale system…
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FGN medium-term bonds oversubscribed for First time since February
For the first time since February 2023, the Federal Government’s medium-term bonds, which are the 14.55% FGN APR 2029 and…
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“As of 2022, 70.5% of our electricity is from gas, 27.3% from hydro, 2.2% from solar and others” – Adebayo Adelabu
Nigeria’s Minister for Power, Adebayo Adelabu has said that 70.5% of electricity is from gas (thermal plants), 27.3 from hydro,…
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Kenya extends no visa requirement to visitors globally
President William Ruto has announced that visitors to Kenya from any country in the world will no longer need a…
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FG, IOM rescue 281 stranded, detained Nigerians from Libya
The Federal Government, in partnership with the International Organization for Migration (IOM), facilitated the return of 281 Nigerians who were…
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IGP deploys Adegoke Fayoade as Lagos State new Police Commissioner
The Inspector General of Police, Kayode Egbetokun, has appointed Adegoke Fayoade as the new Commissioner of Police for Lagos State. …
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Permanent Secretary seeks low-interest loan from BOI for completion of railway projects
In a bid to expedite the upgrade and expansion of the country’s railway networks, the Federal Ministry of Transportation is…
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President Tinubu unveils the Nigerian Health Sector Renewal Investment Initiative
President Tinubu through the Federal Ministry of Health and Social Welfare has unveiled the Nigerian health sector renewal investment initiative…
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