Nigerian banks pay N392.53bn in taxes in H1 2024
Seven Nigerian banks paid N392.53bn in taxes during H1 2024, reflecting a significant rise in tax expenses due to increased profits. Guaranty Trust Holdings...
News
Business
The Nigerian Exchange lost N6bn on Thursday as the All Share Index fell by 0.1%, closing at 97,477.19. Investors traded 277 million shares in 7,091 deals, with a 22% decline in volume. The bearish trend persisted on...
Central Bank of Nigeria and partners commit to women entrepreneurs finance code
The Central Bank of Nigeria, Bank of Industry, and Development Bank of Nigeria have declared their support for the Women Entrepreneurs Finance Code, aiming to close the N294bn funding gap faced by women-led businesses in Nigeria.The...
Fidelity slashes X Valuation to $9.4 billion, marking 78.7% drop from Elon Musk’s purchase price
Fidelity reduces its investment valuation in X (formerly Twitter) to $9.4 billion, a significant decline from Elon Musk's initial purchase price of $44 billion. Fidelity, an asset management firm, has significantly reduced the value of its investment...
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Politics
Last Saturday’s South West Assembly of the All Progressives Congress in Lagos was a welcome development for a rediscovery of the ruling party and her leadership in the political region, writes Shola Oyeyipo.A lot currently rests...
House targets double taxation relief for low-income earners in Nigeria
The House of Representatives has given a three-week deadline to address double taxation on low-income earners in Nigeria, aiming to reduce financial strain. The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has set a three-week...
MTN, Airtel generate N3.67tn from data, voice services in 2024 H1
MTN and Airtel generated N3.67tn in combined revenue from data and voice services in the first half of 2024, driven by growing digital demand. Two leading African-Nigerian telecom giants, MTN and Airtel, generated a combined revenue of...
Science
7.24 million Nigerians lack electricity meters – NERC
Data from the Nigerian Electricity Regulatory Commission reveals that only 115,767 customers received meters between April and July, exposing metering challenges in Nigeria’s electricity sector. Recent data from the Nigerian Electricity Regulatory Commission (NERC) highlights the ongoing...
The House of Representatives has given a three-week deadline to address double taxation on low-income earners in Nigeria, aiming to reduce financial strain. The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has set a three-week...
MTN, Airtel generate N3.67tn from data, voice services in 2024 H1
MTN and Airtel generated N3.67tn in combined revenue from data and voice services in the first half of 2024, driven by growing digital demand. Two leading African-Nigerian telecom giants, MTN and Airtel, generated a combined revenue of...
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Matt Brittin stepping down from Google EMEA presidency after a decade of leadership
Matt Brittin is stepping down from Google EMEA after leading the region for a decade, transforming digital skills and AI integration across Europe, the...
House targets double taxation relief for low-income earners in Nigeria
The House of Representatives has given a three-week deadline to address double taxation on low-income earners in Nigeria, aiming to reduce financial strain. The Speaker...
MTN, Airtel generate N3.67tn from data, voice services in 2024 H1
MTN and Airtel generated N3.67tn in combined revenue from data and voice services in the first half of 2024, driven by growing digital demand. Two...
Lagos Rail Mass Transit Red Line set for full operations on October 15, 2024
The Lagos Rail Mass Transit Red Line will commence full fee-paying operations on October 15, 2024, enhancing transportation in Lagos and Ogun State.The Lagos...
QNET takes action against fraud case in Ogun state involving ₦50 million scam
QNET responds to a fraud case in Ogun State, Nigeria, involving an Independent Representative who defrauded about 50 downlines of ₦50 million. QNET, a global...
Nigerian banks pay N392.53bn in taxes in H1 2024
Seven Nigerian banks paid N392.53bn in taxes during H1 2024, reflecting a significant rise in tax expenses due to increased profits. Guaranty Trust Holdings...
Nigerian exchange loses N6bn as bearish run continues
The Nigerian Exchange lost N6bn on Thursday as the All Share Index fell by 0.1%, closing at 97,477.19. Investors traded 277 million shares in...
TikTok sued in U.S. over failing to protect young users
TikTok faces lawsuits from 13 U.S. states and D.C., accused of failing to protect young users and promoting unhealthy screen habits among minors. TikTok has...
Indigenous tourism set to boost economic growth to $67BN by 2034
Indigenous tourism is projected to contribute $67BN to the global economy by 2034, driving economic growth, cultural preservation, and community empowerment. The World Travel &...
CBN affirms Nigerian banking sector resilience through regular stress testing
The Central Bank of Nigeria (CBN) emphasizes the resilience of Nigeria’s banking sector through regular stress testing and early warning systems, ensuring deposit security. The...
FIRS launches USSD code *829# for easy tax services access
The Federal Inland Revenue Service (FIRS) has introduced the USSD code *829# to simplify tax-related services, making them accessible across Nigeria without internet. The Federal...
Access bank secures provisional license to launch in Namibia
Access Bank has obtained a provisional license to establish a commercial bank in Namibia, expanding its Southern African footprint. Access Bank Plc, the flagship subsidiary...