FEC Okays N65.3bn For Power Projects In 2022     The Federal Executive Council meeting has approved N65.39bn in foreign and local denominations to execute power projects in the country. The Minister of Power, Abubakar Aliyu, disclosed this to State House Correspondents on Thursday at the end of...

Tax Credit: NNPC Hands Over N621bn Cheque For 21 Roads     The federal government has expressed optimism that the tax credit scheme given to taxable companies to build road infrastructures would help to salvage the deteriorating state of the road network in the country as the...

Twitter Loses N499.32bn in Nigeria as Ban Hits 200 Days   Twitter has lost N499.32bn in Nigeria since its suspension by government on June 4, 2021. On June 4, the Federal Government announced the suspension of Twitter after the social media platform deleted a tweet by the...

Foreign Investors Withdraw N173.32bn From Stock Market   Foreign investors pulled out a total of N173.32bn from the Nigerian stock market from January to October, official data obtained on Monday show. The Nigerian Exchange Limited, in its latest domestic and foreign portfolio investment report, revealed that foreign...

Reps Increase Next Year’s Budget By N735.850bn   The House of Representatives yesterday passed the 2022 budget estimates submitted by the President Muhammadu Buhari on October 10 with an increase of N735, 850,000,000. The Senate, however, failed to pass the budget, adjourning plenary to today. The House also...

Bitcoin’s Market Cap Loses $264.28bn In 50 Days   The market capitalisation of bitcoin, the world’s most popular cryptocurrency, fell by $264.28bn in 50 days. The market cap of BTC rose by $250.36bn in October to close at $1.16tn. BTC rose to a high of $67,566.83 on November...