Banks Income Tax Rises to N311bn in 9 Months - Report  Leading commercial banks in the Nigeria have reported 132.1 percent rise in tax remittances to government in the nine months (9M’23) of this year. The banks paid a total of N311.347 billion income tax during...

President Tinubu Woos Foreign Investors at G-20 Summit President Bola Tinubu, has told international investors that beyond Nigeria’s natural resources, the people who are highly educated, skilled, and industrious are the primary asset and advantage the country possess over other nations for investments. The President spoke...

Nigeria Losses $16tn to Gas Flare in 10 years – Report The Federal Government has lost an estimated $16tn to natural gas flaring in 10 years, according to Energy Institute report. The Energy Institute’s 72nd edition of the ‘Statistical Review of World Energy 2023’ said the...

Local Rice Production Declines as Price Skyrockets   According to a new report, rice consumption has been steadily increasing, exceeding local supply, resulting in a supply gap of about two million metric tonnes per year. This has led to an over 37 per cent increase in the...

In One Week, Stock Investors Gain N182bn   The market capitalisation of the Nigerian Exchange Limited (NGX) appreciated in the past week by N182bn following days of positive trading. At the close of the market on Friday, the market cap stood at N39.107tn while the All-Share Index...

Cooking Gas: Demand Declines Over Price Hike   In spite of several interventions by the Federal Government to increase supply and boost local consumption, Liquefied Petroleum Gas or cooking gas demand has fallen. Gas retailers over the weekend said that cooking gas demand had fallen due to...