Business

The rhythm of Nigeria's business world
Nigeria's largest taxpayers for 2024 have contributed over N800 billion in taxes, marking a 110% increase from 2023. Companies like Dangote Cement, MTN Nigeria, and UBA lead the list, showcasing the impact of Nigeria's largest corporations amid ongoing tax reform discussions. In the midst of a...
A recent report reveals that 29 Nigerian states spent nearly N2 trillion on recurrent expenses like travel, refreshments, and sitting allowances in 2024. Despite receiving increased federal allocations, states fell short of revenue targets, accumulating massive debt. Experts call for fiscal...
Bitcoin has reached a historic milestone, surpassing $100,000 for the first time since its 2009 launch. The cryptocurrency's market capitalization surged to $3.81 trillion, fueled by optimism over crypto-friendly policies under Donald Trump's leadership. Experts project Bitcoin could hit...
Taiwo Oyedele argues that Nigerian university lecturers should earn N5 million per month, far exceeding their current N400k salary. On December 4, 2024, Taiwo Oyedele sparked a wave of discussion by proposing that Nigerian university lecturers should be paid N5 million monthly, instead of the...
The Naira appreciates to N1,695 per dollar in the parallel market, showing a positive trend as demand decreases with the festive season approaching. It remains stable at N1,672.69 per dollar in NAFEM. Dollar turnover rose, and experts predict Naira stability as the year ends, with a narrowed...
NNPC CEO Mele Kyari defends blending at the Port Harcourt refinery, stating it’s a standard refining process ensuring product quality. He invites skeptics to verify the refinery's operational status and highlights the government’s efforts to revitalize the oil and gas sector, boost investments...
Netflix denies rumors of exiting the Nigerian market, reaffirming its commitment to investing in local content. The claims followed comments by filmmaker Kunle Afolayan about canceled projects. Despite challenges from local competitors and economic pressures, Netflix continues to prioritize...
Nigeria's National Information Technology Development Agency (NITDA) revealed Google, X, Microsoft, and TikTok contributed ₦2.55 trillion in taxes during H1 2024. The agency highlighted compliance with regulatory codes, content moderation achievements, and the need for ongoing collaboration to...
The Central Bank of Nigeria (CBN) has debunked rumors of forced mass retirements, clarifying that its Early Exit Package (EEP) is voluntary. The initiative, now extended to all staff levels, aims to support career growth without adverse consequences for non-participants, following consultations...
Netflix has reportedly exited the Nigerian market, sparking concerns in the entertainment industry. Known for promoting Nollywood globally through hits like Oloture and Blood Sisters, its absence could limit opportunities for creators and viewers. Economic challenges and market barriers are...
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