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COVID-19: ‘Fresh lockdown will hurt Nigeria’s economy’, CBN tells FG
The Central Bank of Nigeria (CBN) on Tuesday asked the Presidential Task Force on COVID-19 to shelve any idea of imposing a fresh lockdown in view of the increasing number of daily cases, insisting that such will do irreparable…
Nigeria’s economy will record 2.9 per cent growth rate in 2022, AfFB projects
The President African Development Bank, (AfDB), Dr Akinwumi Adesina on Thursday lamented that debt service payments posed the greatest risk to Nigeria, given shrinking oil revenues.
He spoke as the bank projected a growth rate…
Borno introduces three new tax regimes
The Borno State Government on Wednesday introduced three new tax regimes to boost it’s internally generated revenue.
According to the State Government, the taxes are on consumption, entertainment and presumptive tax (CEPT)…
CAC generates N19bn, remits N2.7bn to FG’s account
The Corporate Affairs Commission on Monday announced a revenue generation of N19bn for its 2020 fiscal year.
It also announced a total remittance of N2.7bn to the consolidated revenue account of the Federal Government.
The…
Billionaires list: Dangote loses $900m in 24 hours
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw his total net worth drop by $900m on Friday as his flagship company emerged the biggest loser at the end of trading on the Nigerian Stock Exchange.…
NIN registration process will be reviewed FG imposes fresh COVID-19 lockdown —Minister
In event the Federal Government imposes a fresh lockdown amid the second wave of the coronavirus pandemic, the National Identification Number enrolment process will be reviewed, the Minister of Communications and Digital Economy,…
Oil revenue gets boost as price hits $55
In what is projected to be a potential boost to Nigeria’s crude oil export revenue, the international oil benchmark, Brent crude has extended its gains, rising above $55 per barrel.
Brent crude, against which Nigeria’s oil is…
NIMC workers embark on strike, halt NIN enrolment
Staff of the National Identity Management Commission on Thursday embarked on strike over poor pay and alleged exposure to the dreaded COVID-19 disease in the course of the National Identity Number enrolment exercise.
The…
Again, FG increases electricity tariff
A new electricity tariff has been announced by the federal government. The latest tariff is payable by power consumers across the country.
Approval for the hike in tariff was given by the Nigerian Electricity Regulatory…
Why we severed ties with Atiku Abubakar by Intels
Amidst controversy trailing the severance of ties between former Vice President Atiku Abubakar and Intels Nigeria Limited, the company on Monday offered detailed explanation about the development.
In a statement titled ‘Intels…