The Central Bank of Nigeria building CBN, FCT, Abuja The Central Bank of Nigeria has released the list of transactions exempted from the new 0.5% cybersecurity levy imposed by the apex bank. A circular from the apex bank on Monday, May 6 had stated the levy would commence in two …
Read More »Naira Loses Grip In Black Market As Dollar Takes Front Foot
The dollar index was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the naira traded near its low amid high demand for the haven currency in Africa’s largest economy At the NAFEM spectrum, the …
Read More »Shell Company Confirms Paying Over $1billion Tax To Nigerian Government In 2023
The figures, announced in the just published 2023 Shell Briefing Notes, showed that the SPDC paid $442m, while SNEPCo remitted $649m. Shell Nigeria has said it exclusively paid a total of $1.09billion in corporate taxes and royalties to the Nigerian government in 2023, through the operations of the Shell Petroleum …
Read More »How African Countries Working Against Air Peace, Allen Onyema Reveals
Chairman of Air Peace, Allen Onyema, has lamented that African countries are frustrating his airline with exorbitant airport charges to prevent it operating seamlessly in the region. He laid the accusation at the 48th Annual General Meeting and exhibition of the National Association of Nigeria Travel Agencies (NANTA) in Lagos. …
Read More »Workers Protest Against Sanwo-Olu Over Sacking Of 391 Water Corporation Staff
Workers union protest sack of 391 staff of water corporation Workers under the aegis of the National Association of Nigeria Nurses and Midwives; the Amalgamated Union of Public Corporations Civil Service Technical and Recreational Services Employees; and the Senior Staff Association of Statutory Corporations and Government-Owned Companies on Wednesday protested …
Read More »House Of Reps Asks Inspector-General Of Police, Army To Find Killers Of Southern Kaduna Residents
The call followed the adoption of a motion on matters of urgent public importance moved by Reps member, Daniel Amos at the plenary on Tuesday. The House of Representatives has asked the Inspector-General of Police (IGP), Kayode Egbetokun, as well as the Nigerian Army and the Department of State Services …
Read More »Transcorp President Makes MIPAD’s Global Top 100 List, As Company Posts Impressive Q1 Results
President/GCEO of Transcorp Group, Dr. Owen D. Omogiafo, OON has been recognized as one of the most influential people of African descent (MIPAD)’s Global Top 100 Futurist & Innovators List. The list recognises individuals who have made remarkable contributions to shaping the future and pioneering innovative solutions within their …
Read More »Aliko Dangote Foundation, WEF Announce 2024 Class of Dangote Fellows
Aliko Dangote Foundation (ADF), in conjunction with the World Economic Forum (WEF) and Forum of Young Global Leaders (YGL), has unveiled gifted and high calibre individuals for the esteemed 2024 class of the World Economic Forum Young Global Leaders (YGL) Dangote Fellows. ADF and WEF, in a release, said, …
Read More »Stanbic IBTC Breakfast Session highlights investment potential in Nigeria’s energy sector
Stanbic IBTC Bank, a leading financial institution in Nigeria, recently hosted its pivotal Energy and Infrastructure Breakfast Session in Lagos. This event marked a significant milestone in the country’s dialogue on sustainable energy, drawing together a distinguished assembly of industry leaders, policymakers and experts. Dr. Demola Sogunle, Chief Executive of …
Read More »Dangote Cement says it’s committed to Capacity Building for Ogun Host Communities
The management of Dangote Cement Plc., Ibese Plant has assured that it would continue to complement the efforts of the Ogun State Government in the development of its host communities through capacity building for the people, especially the youths. The company said it’s committed to development for the prosperity …
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