Nigeria's Telecom Industry Records $7.6bn Revenue in 2024   According to a report by PwC, Nigeria's telecommunications sector experienced substantial growth in 2024, with mobile service revenue totaling $7.6 billion. The report also showed that the global telecommunications industry is projected to...

FG Rakes in N402.3bn Tax From Dangote   The Dangote Industries Limited, (Dangote Group), and its subsidiaries paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country. Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, who...

Foreign Affairs Minister, UK Explore Investment, Security Cooperation   Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, has successfully completed a three-day working visit to the United Kingdom aimed at reinforcing diplomatic and economic ties between both nations. The visit, which...

Fuel Import Bill Explodes to N6trn in Five Months   Despite improved domestic refining capacity in Nigeria, major oil marketers have continued to import refined petroleum products, as they imported 6.38 billion litres of Premium Motor Spirit (petrol) and Automotive Gas...

NGX Reverses Trend with N216bn March Gain   The Nigerian Exchange Limited (NGX) recorded its first gain in March as renewed investor interest drove the market capitalisation up by N216bn. Following the day’s gain, the total market capitalisation of the equity market...

NCAA Reveals Nigerians Pay Highest Airfares in Africa   The Nigeria Civil Aviation Authority (NCAA) has complained about the treatment meted out to Nigerian passengers by some international airlines, insisting that Nigerians can not be paying the highest fee across Africa...