Reps Summon Adebayo Over MTN’s Alleged N2.6trn Tax Evasion   The House of Representatives’ Committee on Public Accounts has vowed to ensure accountability on the capital allowances granted to MTN Nigeria by the Ministry of Industry, Trade, and Investment amounting to N2.6tn. It has, therefore, summoned the...

In Six Months, FG Spent N177.53bn On Pension, Gratuities   The Federal Government spent N177.53bn on pension and gratuities in the second half of 2021. These were revealed by figures obtained from the Central Bank of Nigeria’s monthly economic report on Federal Government expenditure. It stated that...

AfDB Forecasts Food Price, Energy Hikes In Nigeria   The President of the African Development Bank Group (AfDB) Dr Akinwumi Adesina, has said that the costs of fertilizer, rising energy prices, and rising costs of food baskets, could worsen in Africa in the coming months. He said...

Water Transportation Fare Drops To N890.03 In March   The National Bureau of Statistics has said the average fare paid for water transport in March 2022 was N890.03, a 2.53 per cent decrease, month-on-month, from N 913.13 in February 2022. According to the NBB, water transport fares...

Buhari: We’re Tackling Challenges Undermining Businesses, Investments President Muhammadu Buhari has urged entrepreneurs and investors to channel ideas and resources into areas of the economy that stimulate growth, with long-term effect on job creation and poverty reduction. The president, who stated this when he received Chairman...

CIBN Urges Government to Remove Fuel Subsidies, Deregulate Economy The Chartered Institute of Bankers of Nigeria (CIBN) has urged the Federal Government to remove subsidies, deregulate the economy fully and ensure there are modular refineries. This was disclosed by the President of the CIBN, Dr Bayo...