50% Tax on Telecom Operators Deter Foreign Investment – NCC The Nigerian Communications Commission (NCC) has appealed to states and local government councils across the country to cut taxes imposed on telecom companies, asserting that excessive taxation will be counterproductive to the growth of the...

Minister Discloses Plan to Improve Country’s Gas Sector as Debt Hits $1.3bn The Federal Government is now implementing measures to significantly reduce the cost of Liquefied Petroleum Gas, popularly called cooking gas, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, announced on Tuesday. Ekpo...

Education, Medical Tourism Responsible for Naira Depreciation – Cardoso  The governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has blamed the depreciation of the naira on the growing numbers of Nigerians going abroad for education and medical treatment. Cardoso spoke on Tuesday during a plenary...

CBN FX Reforms Deliver Record $844m Single-day Trade Turnover in Nigeria’s foreign exchange market jumped to $844 million on February 3, the highest level of trades since June 2, 2022, according to data compiled by the FMDQ Securities Exchange Ltd. The amount is three times more...

Nigeria Grapples Seven million Metering Gap As Nigeria battles perennial shortage in electricity supply, bringing millions of its consumers under a more accountable, transparent metering system has remained even a more herculean task over the years. The government and the power distribution companies (DisCos) have also...

Nigeria, Germany Partner to Bolster MSMEs in Nigeria – Minister The Nigerian and German governments have reached an agreement to enhance cooperation aimed at bolstering Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria. Dr. Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, made this...