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Category: Economy

Business Economy headline

Alleged expenditure of a phantom $16b delayed Nigeria’s power sector reforms – Imoke

Iheanyi Ejiofor October 7, 2024 No Comments #Phantom#reformpower

A former minister of power, who later served as governor of Cross River State, Senator Liyel Imoke, on Thursday, in Lokoja, stated that alleged “expenditure” of a phantom $16 billion…

Read More Alleged expenditure of a phantom $16b delayed Nigeria’s power sector reforms – Imoke
Business Economy headline

Enhanced Digital Banking: FirstBank unveils improved FirstMobile

Iheanyi Ejiofor October 5, 2024 No Comments #Digital banking#Firstbank#Firstmobile

FirstBank has announced the full restoration of services on Firstmobile, its mobile banking platform, following a downtime earlier this week which occurred following a recent upgrade of the mobile banking…

Read More Enhanced Digital Banking: FirstBank unveils improved FirstMobile
Business Economy headline

CBN sold $543.5 million to banks in September to stabilise forex market – Official

Iheanyi Ejiofor October 4, 2024 No Comments #CBNforex

The Central Bank of Nigeria (CBN) says it sold 543.5 million dollars to authorised dealer banks between Sept. 6 and Sept. 30. According to a statement by Omolara Duke, director,…

Read More CBN sold $543.5 million to banks in September to stabilise forex market – Official
Business Economy headline

Tinubu forwards tax reform bills to NASS

Iheanyi Ejiofor October 3, 2024 No Comments #bill#reform#Tax#Tinubu

The Senate has received President Bola Tinubu’s communication seeking consideration and passage of the proposed Fiscal Policy and Tax Reform Bill to align with ongoing financial reforms of the Federal…

Read More Tinubu forwards tax reform bills to NASS
Business Economy headline

FG halts VAT on diesel, cooking gas to boost deep offshore investment

Iheanyi Ejiofor October 3, 2024 No Comments #Cooking gas#investment#VAToil

Our reporter/ The Federal Government has introduced new fiscal incentives to boost foreign investments in Nigeria’s oil and gas sector. The two incentives were unveiled by the Minister of Finance…

Read More FG halts VAT on diesel, cooking gas to boost deep offshore investment

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