By Matthew Denis The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed that the ministry is spearheading digitalisation for the purpose of achieving greater efficiency and cost reduction in governance, which will in turn boost…
SHENZEN LEMI Technology Development Company has agreed to set up a $150 million lithium battery manufacturing factory in Nigeria. The company made this known at the 2023 UN Climate Change Conference, COP28, in Dubai, United Arab Emirates following discussions with…
Yet to be identified persons have vandalised the Gwagwalada-Kukwaba-Apo 132KV Transmission line 1 between Towers 23 and Tower 25. The vandalisation of the line is suspected to have taken place about 1am on Sunday, December 10th, 2023 according to a…
Nigeria’s gross official reserves fell by $392 million to $33.0 billion in November 2023. This is according to recent data on external essences issued by the Central Bank of Nigeria (CBN) on its website. The decline implies that the gross…
…Rakes in N1.75trn from corporate taxes in Q3, 2023 …As IMF recommends adoption of digital technologies to improve tax collection, compliance The Federal Government has revealed its plans to increase tax-to-GDP ratio from nine percent to 18 percent in three…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has refuted claims that certain Nigerian banks have failed to meet the capital adequacy ratio. Earlier reports had indicated that approximately eight banks with international authorisation were below the regulatory threshold…
By Moses Adeniyi President Bola Tinubu, has declared that he will win the battle to keep Nigeria safe. The President made this known on Monday in Maiduguri, Borno State. The President while expressing his condolences to the families of Nigerians…
By Denis Mathew, Abuja There is pandemonium as major cities in Nigeria including Abuja and Lagos have been thrown into darkness as the national electricity grid collapsed again. The Transmission Company of Nigeria (TCN) confirmed this in a statement on…
The Ogun State government has issued a stern warning to traditional rulers in the state selling lands belonging to the state government. The Ogun State Governor, Prince Dapo Abiodun on Monday warned that his administration would take disciplinary action against…
The Nigerian Content Development and Monitoring Board (NCDMB) says it has rejected 328 expatriates jobs applications from oil firms. It also said that the board had completed 83 percent of the 96 initiatives under its strategic roadmap target. Manager, Strategy…
