Business News

The Chartered Institute of Taxation of Nigeria has advocated for transparency in the allocation of tax revenue, emphasising that simply collecting taxes without using them wisely, undermines the country’s tax...

The Federal Government has faulted the proposal by telecommunications companies to raise their tariffs, emphasising that increasing data, voice and text message prices isn’t the “sole or optimal solution” to...

The International Monetary Fund has strongly urged the Central Bank of Nigeria to unwind the regulatory forbearance granted to Deposit Money Banks during the COVID-19 pandemic. It also cautioned against...

The board of Airtel Africa has proposed a final dividend of $3.27 per share for the year ending March 2024. The telecoms giant will be paying $13.39bn dividend for the...

Through a partnership with the regional neobank O3 Capital Nigeria Limited, American Express Co. has launched its first business credit card in Nigeria, perhaps expanding access to dollar transactions in...

In the first quarter of 2024, Nigeria allocated approximately $1.12 billion to service its foreign debts, underscoring the escalating burden of external debt on the nation's finances. Data from the...

The International Monetary Fund (IMF) has advised the Nigerian government to increase its cash transfer initiatives to assist poor Nigerians in coping with the current cost of living crisis. Axel...

The PwC Annual Global CEO survey report for West Africa has revealed that approximately 51% of chief executive officers (CEOs) across the region anticipate a decline in their local economies...

The Chief Executive Officer, Mainstream Energy Solution, Lamu Audu, has revealed that the Kainji Hydropower plant would elevate its capacity from 760 megawatts to 980 megawatts. This expansion will result...

Nigeria’s second-largest telecom operator, Airtel Africa Plc, has disclosed a loss after tax of $89m for its full year ending March 2024, attributing the downturn to a substantial foreign exchange...