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Otedola Endorses Windfall Tax, Criticizes Banks’ $50M Jet Spending
Nigeria Otedola Endorses Windfall Tax, Criticizes Banks’ $50M Jet Spending
Nigeria News
2 min read
Femi Otedola supports Nigeria's windfall tax on banks, advocating for the use of funds to improve public services like healthcare and education...
Chevron Faces Major Production Setback Due to Arik Air Grounding Over Debt Issue
Nigeria Chevron Faces Major Production Setback Due to Arik Air Grounding Over Debt Issue
Nigeria News
2 min read
Chevron Nigeria is experiencing severe production disruptions due to Arik Air's suspension. The airline's grounding, caused by a $2.5 million debt...
MTN Nigeria Hits N887.6 Billion FX Loss in First Half of 2024 Amid Economic Strain
Nigeria MTN Nigeria Hits N887.6 Billion FX Loss in First Half of 2024 Amid Economic Strain
Nigeria News
2 min read
MTN Nigeria reported a staggering N887.6 billion foreign exchange loss for H1 2024, up 95.2% from the previous year. Despite a 32.6% revenue...
Food Prices Relief: Nigeria Customs Service Eliminates Import Taxes on Essentials
Nigeria Food Prices Relief: Nigeria Customs Service Eliminates Import Taxes on Essentials
Nigeria News
2 min read
The Nigeria Customs Service has suspended import duties and taxes on essential food items to ease the burden of rising food prices. This measure...
Arik Air’s Grounding: Government Action Creates Economic Ripple Effect
Nigeria Arik Air’s Grounding: Government Action Creates Economic Ripple Effect
Nigeria News
1 min read
Nigerian government halts Arik Air operations, citing financial issues. The abrupt decision, made by Minister Festus Keyamo, affects passengers...
#EndBadGovernance: Federal Government Orders Enhanced Security at Correctional Facilities Amid Protest Preparations
Nigeria #EndBadGovernance: Federal Government Orders Enhanced Security at Correctional Facilities Amid Protest Preparations
Nigeria News
1 min read
The Federal Government has designated all 256 Nigerian correctional centres as red zones in anticipation of the August 1 nationwide protests. This...
NAMA Grounds Arik Air Planes Over $2.5 Million Debt Dispute
Nigeria NAMA Grounds Arik Air Planes Over $2.5 Million Debt Dispute
Nigeria News
1 min read
NAMA has grounded Arik Air’s aircraft due to a $2.5 million debt dispute with Atlas Petroleum. Following a court order, the airline's planes were...
Lagosians Concerned Over State's New Tax Plan on Remote Workers
Nigeria Lagosians Concerned Over State's New Tax Plan on Remote Workers
Nigeria News
1 min read
Lagos State plans to raise N200 billion annually by taxing remote workers, digital influencers, and foreign firms. The EKO Revenue Plus Summit...
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