The Federal Government has rolled out fresh deduction tax at source (withholding) regulations to boost its revenue drive, a document obtained by The Guardian has shown. Tagged: ‘Deduction of Tax at Source (withholding) Regulations 2024’,…
The United Nations Trade and Development (UNCTAD), yesterday, said global trade was on the way to recovery, and might hit $32 trillion before the end of 2024 as the first half of the year showed positive results. It, however, said the…
Contrary to the paltry 12 per cent return on investment recorded by the industrial goods segment of the Nigerian Exchange Limited (NGX) last year, the sector has outperformed other segments to gain 73.14 per cent in the first half (H1),…
In the past year, the naira depreciated from N460 to nearly N1500 to the dollar, resulting in a significant increase in the prices of manufacturing inputs. This has worsened the cost of production for local manufacturers, TOBI AWODIPE…
The telecommunication sector attracted $191.5 million in Foreign Direct Investment (FDI) in the first quarter of 2024. This was disclosed by the National Bureau of Statistics (NBS) in the latest capital importation data recently released.…
About N16.5 trillion, which translates to 60 per cent of the country’s 2014 budget of N27.5 trillion is being spent on electricity generating sets for homes and industries, the Minister of Power, Adebayo Adelabu said in Abuja yesterday.…
Experts in the oil and gas sector have said the current regulated pricing of Premium Motor Spirit (PMS) in Nigeria, is significantly hindering private-sector refineries from adopting a cost-reflective approach. They argued that this…
A new book has offered leeway in securing Application Programming Interface (APIs) and protection of organisation’s data against hackers. The book, titled: ‘API Security for White Hat Hackers,’ authoured by cybersecurity expert, Confidence…
Some concerned citizens in Port Harcourt, the Rivers State capital, have urged the Federal Competition Consumers and Protection Commission (FCCPC) to investigate supermarkets and shops allegedly selling expired products, posing health…
The House of Representatives, yesterday, passed a bill seeking to alter the 1999 Constitution to create Etiti State in the South East. The proposed state is to be created out of the current Abia, Anambra, Ebonyi, Enugu, and Imo states.…
Minister not an emperor, subject to scrutiny, says Amadi Human rights activist, Deji Adeyanju, has reiterated that only residents of the Federal Capital Territory (FCT) can decide who becomes their senator in 2027, and not the minister of…
Salpha Energy has been awarded a £25,000 grant from the Ashden Awards, supported by the Department for Energy Security and Net Zero, aimed to support the company’s mission in enhancing the production of African-made solar systems and…
Nigerian National Petroleum Company Limited (NNPCL) has led indigenous and International Oil Companies (IOCs) in the regular hope of improving the country’s oil production despite losing $7.2 billion to low oil production in the first half…
The Nigerian Railway Corporation (NRC) generated N1.42 billion in revenue by transporting 675,293 passengers and N607.32 million moving goods in the first quarter of 2024. The National Bureau of Statistics (NBS), in its Q1 2024 Rail…
Africa’s leading entertainment platform and largest producer of original content on the African continent, MultiChoice, has announced a milestone of 6,000 hours of local content produced in 40 languages each year, airing across 50…
Amalgamated Union of App-Based Transporters of Nigeria (AUATON), an organised registered trade union under the Federal Republic of Nigeria, yesterday, refuted alleged factionalisation within its ranks. In a statement, the national ex…
Amid the passage of bills and adoption of several motions in the House of Representatives on Tuesday, allegations surfaced against Deputy Speaker Benjamin Kalu by Cyril Hart, a member representing Degema/Bonny Federal Constituency, Rivers…
President Bola Tinubu has approved the appointment of Hajiya Salamatu Ahmed as the new Executive Secretary of the Federal Government Staff Housing Loans Board (FGSHLB). Dr Folasade Yemi-Esan, Head of the Civil Service of the Federation …
The Federal Government has paid off the outstanding debt of $850 million owed to European airlines, the European Union (EU) has said. The EU Ambassador to Nigeria and ECOWAS, Samuela Isopi, revealed this on Tuesday at the ongoing 9th…
Sweden has introduced a new law that allows grandparents and legal guardians to receive paid leave to care for their grandchildren during the child’s first year of life. This impressive reform comes 50 years after Sweden became the first…
An ad-hoc committee of the House of Representatives on the restructuring of government agencies and commissions has called on the Secretary to the Government of the Federation (SGF), Sen. George Akume, to shed light on the decision to…
One year after the inauguration of the 10th National Assembly, the House of Representatives on Tuesday disclosed that it has introduced 1,351 bills and 679 motions within the period under review. Speaker Tajudeen Abbas, who disclosed this…
Frontline industrialist and President of Osisioma Foundation, Dr Chike Obidigbo, has given reasons why June 12 of every year should be set aside for lamentations instead of celebrating it as Democracy Day. It could be recalled that during…
Concerned citizens in Port Harcourt have urged the Federal Competition Consumers and Protection Commission (FCCPC) to investigate supermarkets and shops allegedly selling expired products, posing health risks to consumers. The residents…
The Federal Government (FG) said a simplified and business-friendly withholding tax regime has been approved. The FG has, however, exempted manufacturers and farmers. The Chairman of the Tax and Fiscal Reform committee, Taiwo Oyedele,…
A former Chairman of the Investigating Committee for Crude Oil Theft in the House of Representatives, Mark Gbillah, has called for the release of the House’s report on the investigation into the faulty presidential jet. Gbillah, who…
The National Bureau of Statistics (NBS) has announced that the average retail price of Premium Motor Spirit (Petrol) in Nigeria rose to ₦937 per litre in the Northern region in May 2024. The NBS, in its state profile analysis, said Jigawa…
The dollar rose Tuesday and Asia equities were mixed as investors weighed the possibility of another Donald Trump presidency after last week’s poor debate performance by incumbent Joe Biden. Speculation about a second term for the…
Forbes has released its annual ranking of the world’s largest economies based on Gross Domestic Product (GDP). The list saw some significant shifts in 2024, with the United States retaining its position as the world’s largest economy,…