Nigeria's government has exempted 63 items from Value-Added Tax (VAT) under the 2024 fiscal reforms, including electric vehicles, gas processing equipment, and biofuel components. This initiative, led by the Presidential Committee on Fiscal Policy, aims to reduce industry costs, promote cleaner...
The death toll from the Niger State boat accident has risen to 42 after a boat carrying over 300 passengers capsized in Mokwa. Rescue operations have saved 150 people, and six more bodies were recovered. President Tinubu has directed an investigation into the rise of boat accidents in Nigeria...
Super Eagles duo Ahmed Musa and Shehu Abdullahi trained with Kano Pillars ahead of their NPFL Matchday 5 clash against Sunshine Stars. The ex-Kano Pillars players, both free agents, are expected to boost the team's performance as they prepare for the 2024/25 NPFL season.
Super Eagles stars...
The Nigerian government has secured a $200 million loan from Afreximbank to boost its creative industries. This initiative, part of the Destination 2030 vision, aims to create two million jobs and increase the country’s GDP contribution, positioning Nigeria as a global cultural leader by 2030...
The Nigerian government has removed VAT on cooking gas, diesel, and CNG to revitalize the oil and gas sector. Finance Minister Wale Edun announced these incentives to lower living costs, enhance energy security, and attract global investments, positioning Nigeria as a leader in the oil and gas...
Banks across Nigeria are experiencing widespread network failures, causing disruptions in digital transactions, including internet banking, ATMs, and PoS systems. Customers are left frustrated, while banks remain silent on the issue. Telecom operators deny responsibility, pointing to banks'...
Zenith Bank customers faced significant disruptions in online banking services due to delayed maintenance beyond the announced schedule. Many voiced frustration on social media, citing issues accessing funds for urgent needs. The bank's response failed to alleviate concerns, leading to further...
Emirates Airlines has resumed flight operations to Nigeria after a two-year hiatus due to unresolved financial issues. The airline's return was confirmed with a flight landing in Lagos on October 1, 2024. Minister of Aviation Festus Keyamo announced the resolution of previous disputes and...
As Nigeria marks its 64th Independence Day, the Naira-for-crude deal between the Federal Government and Dangote Refinery is set to reduce fuel prices. Industry leaders expect the agreement to boost the Naira and lower transportation costs, though Nigerians continue to grapple with economic...
The Nigerian naira closed September at N1,705 per dollar in the parallel market, marking a significant decline from N1,655. This depreciation results from increased demand and supply shortages, impacting the prices of imported goods. The official exchange rate also fell, signaling a challenging...
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