News

Foreign exchange expenses eroded the operating profit of Guinness Nigeria Plc for the year ended December 2023, resulting in N5.233bn loss. This was contained in the unaudited interim financial statements...

Former Central Bank of Nigeria (CBN) governor Sanusi Lamido Sanusi has supported relocating five CBN departments from Abuja to Lagos. He referred to those opposing the move as threatening the...

The Nigerian Maritime Administration and Safety Agency (NIMASA) is partnering with the management of the Dangote Group to address operational concerns related to the Dangote Refinery. A committee has been...

PricewaterhouseCoopers (PwC) Nigeria has released its Nigeria Economic Outlook report for 2024, projecting a marginal decline in inflation and a 3.1% rise in Gross Domestic Product (GDP). The GDP projection...

In light of the necessity to "run as a leaner company and spend less," Paramount CEO Bob Bakish announced layoffs at the media giant on Thursday. "Our priority is to...

Kollington Ayinla, a 74-year-old veteran in Fuji music, has refuted reports of his passing and complimented Lagos State University Teaching Hospital (LASUTH) in the process. The seasoned artist made this...

The Federal Inland Revenue Service surpassed its 2023 revenue target by N816bn, a 107 per cent performance over the set goal and has set a target to collect N19.4 turn...

Nigeria’s national power grid collapsed 46 times from 2017 to 2023, a report by the International Energy Agency said on Wednesday. According to the report, Nigerians endured more nationwide blackouts...

The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 per cent in 2025. The World Bank in its latest report titled “Global Economic Prospect: Subdued...

The Federal Government has set a tax revenue target of N19.4tn for 2024. This is as the Federal Inland Revenue Service collected a record N12.37tn in tax revenue for the...