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Nigeria’s Telecom Industry Records $7.6bn Revenue in 2024

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 generate $1.3 trillion in total...

FG Rakes in N402.3bn Tax From Dangote

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 disclosed this yesterday in his...

FATF Lauds Nigeria, Approves Fifth Progress Report on AML/CFT Compliance

The Financial Action Task Force (FATF) has approved Nigeria’s fifth progress report since the country was placed under jurisdictional monitoring in February 2023.

FG Blacklists Simon Ekpa, 16 Others Over Terrorism Financing

The federal government has blacklisted Simon Ekpe and 16 other entities over alleged terrorism financing in the country.

‘Policy Reforms Key to $1trn Economy Goal’

'Policy Reforms Key to $1trn Economy Goal' Experts have expressed the need for policy reforms for Nigeria to meet the $1tn economic target by the end of the decade. This came to light following the release of the Gross Domestic Product figures for the fourth quarter...

US Tax Reforms may Reduce FDI in Nigeria – NESG

The Nigerian Economic Summit Group (NESG) has warned that the US President, Donald Trump’s tax reforms may lead to a reduction in foreign direct investment (FDI) to Nigeria.