NASS Raises Works Ministry Budget To Over N1trn The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn. This represents N373bn or 56.7 per cent increase from the initial figure in...

Nigeria’s Inflation Hits 28.92% Amid High Food Prices Nigeria’s annual inflation rate rose to 28.92 per cent in December 2023 from 28.20 per cent in November, the National Bureau of Statistics (NBS) said Monday. The statistics office said the December 2023...

CCB Summons Tunji-Ojo Over Alleged N438m Contract Scam   The Code of Conduct Bureau (CCB) has invited the Minister of Interior, Olubunmi Tunji-Ojo, over the involvement of his company in an alleged N438m contract scam uncovered in the Ministry of Humanitarian...

Tinubu, 'A Tribe Called Judah' And The Power of Creative Economy, by Temitope Ajayi   While extolling Funke Akindele, the Nollywood filmmaker for her recent box office accomplishment, President Bola Tinubu lauded the growing contribution of the Nigerian creative industry to...

Stock Market Gains N1.85trn As Investors Position For Corporate Earnings   The stock market of the Nigerian Exchange (NGX) gained N1.85trillion week-on-week (WoW) to extend its positive run for a second week as investors continued to take position ahead of 2023...

FIRS Suspends Implementation of VAT Guidelines   The Federal Inland Revenue Service (FIRS) has announced the postponement of the implementation guidelines for the value-added tax simplified compliance regime on the supply of low-value goods through digital means by non-resident suppliers. In a...