FG, Bill Gates propose digital identity platform to boost tax collection Bill Gates, former chief executive officer (CEO) of Microsoft, has said he is working with the federal government (FG) on an identity technology platform for easy tax collection. Gates disclosed this during a meeting with President Bola Tinubu[Read More…]
Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment … as FG endorses consolidated guidelines Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony at the Federal Ministry of Finance headquarters[Read More…]
Fidelity Bank: Improved Share Price as Growth Indicator When the management of the Nigerian Exchange Limited (NGX) in July 2023 announced that it was reclassifying Fidelity Bank Plc from small-price stock to medium-price stock, financial analysts concluded that the road to attaining Tier1 status by the bank is closer[Read More…]
FCCPC intervenes in DSTV, GOTV price increase controversy The Federal Competition and Consumer Protection Commission (FCCPC) has intervened in the recent price hike of DSTV and GOTV subscriptions, saying it will be reviewed. Recall that DSTV and GOTV hiked their subscription prices by 25 percent with effect[Read More…]
NNPC assures Nigerians: no increase in petrol prices The Nigerian National Petroleum Company (NNPC) Limited has assured citizen that the prices of petroleum products are not changing. The NNPC in a statement on Thursday by its Chief Corporate Communication Officer, Femi Soneye, urged Nigerians not calm down ànd avoid panic[Read More…]
Fidelity Bank Commends Air Peace’s Performance ….celebrates Airline For The Commencement of the Lagos-London Route Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago. Dr. Nneka Onyeali-Ikpe, the Managing Director, Fidelity Bank Plc gave the commendation[Read More…]
SR Africa kicks off construction of N250m Abdul Samad Rabiu Sport complex for UniJos The Abdul Samad Rabiu Africa Initiative (ASR Africa), the philanthropic initiative of the Chairman of BUA Group, Abdul Samad Rabiu (CFR, CON), has kicked off the construction of the N250 million sport complex for the[Read More…]
First Bank appoints Olusegun Alebiosu as new MD/CEO Olusegun Alebiosu has been appointed as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group), effective April 2024. Alebiosu steps into this pivotal role from his previous position as the Executive Director, Chief Risk Officer, and Executive[Read More…]
Dangote Crashes Diesel, Aviation Fuel Prices Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940 and N980 per litre, respectively. This is coming at the wake of its widely celebrated earlier price reduction to N1,000 barely two[Read More…]
FG to get $2.25bn loan from World Bank in June The World Bank will, in June 2024, consider and give final approval to Nigeria’s $2.25 billion loan request, the finance ministry said Monday. The loan comprises a $1.5 billion loan in Development Policy Financing and another $750 million in[Read More…]
