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Business News; Tracks, records, analyzes, and interprets the businesseconomic and financial activities, and changes that take place in societies.

Power Supply In Ekiti Worsening, Gov. Fayemi Decries

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Ekiti State Governor, Kayode Fayemi, has decried worsening electricity supply in the state, calling for urgent action. Speaking during a groundbreaking programme of transmission infrastructure...

VAT Revenue Increased By 37% To N4.12trn In H1’25

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VAT Revenue Increased By 37% To N4.12trn In H1’25

Revenue generated through Value Added Tax (VAT) rose by 37.7 percent year-on-year to N4.12 trillion in the first half of 2025 (H1’25), up from...

Hunger To Vanish As NEC Approves N5bn Subsidy Palliative With 5 Trucks Of Rice

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Legislative To Take Action On The New National Minimum Wage- Tinubu

The National Economic Council, NEC, on Thursday said that the Federal Government has approved N5 billion grant to be given to each of the...

CBN Sets N50k Daily Limit On Contactless Payments

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CBN Raises ITMO Application Fee To N10m, Restricts Banks, Fintechs From Providing Services

Contactless payments are a safe and convenient way to conduct transactions between payment devices such as pre-paid, debit, and credit cards, key fobs, mobile...

Anti-Oil Theft Group Applauds NNPC Trading Boss Over Transparent Service Delivery

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A group set up to tackle rising cases of crude oil theft and pipeline vandidalism in the Niger Delta region has commended the Managing...

Abia Residents Carpet EEDC Over Increase In Electricity Tariff

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Public power consumers in Abia State, South East Nigeria, are lamenting the latest hike in electricity tariff by the Enugu Electricity Distribution Company, EEDC. The...

Nigeria, Equatorial Guinea Sign Gas Pipeline Deal

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Nigeria and the neighbouring Equatorial Guinea have sealed a deal on the Gulf of Guinea Pipeline Project, further affirming the partnership for mutual development,...

Matawalle Threatens Arrest Against Anyone Rejecting Old Naira Notes

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Governor Bello Commiserates With Victims Of Bandit Attack In Zamfara

Governor Bello Matawalle of Zamfara has ordered the arrest of anyone who refuses to accept the old currency notes of two hundred, five and...

Nigeria’s Electricity Supply Increased By 14.64 In 2023 – NBS

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Rural Areas Suffer Blackout Despite N14bn Power Spending

Nigeria’s electricity supply increased by 14.64 per cent in the fourth quarter of 2023 on a year-on-year basis. This was disclosed by the National Bureau...

Kano Governor, Yusuf Clears N6b Gratuity Of 5,500 Retirees

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Governor Abba Kabir Yusuf of Kano State, on Saturday, commenced the payment of N6 billion gratuities and death benefits to 5,500 pensioners across the...

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