Business & Strategy
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The Naira slipped to N1,600 per dollar in the parallel market on Tuesday, down from N1,590 over the weekend. Meanwhile, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira gained value, appreciating to N1,579.22 per dollar. NAFEM is the segment where investors, exporters, and end-users engage in forex transactions at rates determined by prevailing […]
The Nigerian Electricity Regulatory Commission (NERC) has granted permits for mini-grid electricity generation to several new companies, including Golden Penny Power Limited and MTN Communications Nigeria Limited, as part of its ongoing efforts to enhance the country’s off-grid power capabilities. In the first quarter of 2024, NERC issued nine new off-grid generation licenses with a […]
The Federal Government has confirmed that sales of crude oil to Dangote Refinery and other domestic refineries will commence on October 1, 2024. The announcement was made by Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, during a meeting with the Implementation Committee in Abuja on Monday. The meeting, as detailed […]
In a move to streamline the payment process for non-tax obligations in Lagos State, Governor Babajide Sanwo-Olu will officially launch the new Lagos Revenue Portal (LRP) on Thursday. The announcement was made by Mr. Opeyemi Ogungbo, the Governor’s Special Adviser on Taxation and Revenue, in a statement released on Monday. Ogungbo described the portal as […]
The Nigeria Customs Service (NCS) has projected a potential revenue loss of about N188.37 billion for the federal government due to the suspension of import duties on certain food items. Bashir Adeniyi, Comptroller-General of NCS, disclosed this during the second economic confidential lecture and book presentation held in Abuja on Tuesday. The event, titled ‘Leveraging […]
The MTN Foundation has reaffirmed its dedication to supporting musical talent in Nigeria through its 2024 Musical Society of Nigeria (MUSON) Scholarship Programme. The MTN-MUSON Scholarship Programme is aimed at helping emerging young Nigerian musicians overcome the challenges they face. The initiative seeks to prepare young talents for success on both national and global stages. […]
The Nigerian Solidarity Support Fund (NSSF) has launched the “Ignite Campaign,” an initiative aimed at training and mobilizing one million young Nigerians as healthcare advocates. The campaign, which began on July 15 and will run for six months, has already trained 3,000 youths. This effort is part of NSSF’s broader plan to empower one million […]
Nigeria’s 36 states have collectively received N39.62 billion in ecological fund allocations from June 2023 to June 2024, according to data from the Federation Account Allocation Committee, as reported by the National Bureau of Statistics. The ecological fund, a vital component of Nigeria’s federal revenue allocation, addresses environmental issues such as erosion, desertification, flooding, oil […]
Caleb University Imota Lagos, July 30, 2024 — Caleb University has set a new standard for career development with its first-ever Employability Fair, which concluded today after two impactful days. The event, which began on July 29, brought together 32 top CEOs and industry leaders, offering students unparalleled opportunities for Jobs, networking, and career advancement. […]
President Bola Ahmed Tinubu has directed the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to Dangote Refinery in Naira. This announcement was made by the Special Adviser to the President on Information and Publicity, Bayo Onanuga, via his official X handle on Monday. Onanuga explained, “To ensure the stability of the pump […]
