BUSINESS
Nigerian Government Slams New Tax On Telephone Calls
The Federal Government has slammed a new tax on phone calls in the nation to fund free healthcare for the Vulnerable Group in Nigeria. This is despite recent moves by telecommunication companies to increase the price of their services as a result of ...
FG Fixes Date For Resumption Of Abuja-Kaduna Train Services
The Abuja-Kaduna train service will resume on May 23, the Federal Government said on Monday. Train services had been suspended on the route after terrorists attacked a train, fatally shot several persons, and abducted scores of passengers in March. M...
Inflation Rises To 16.82% In April 2022 – NBS
The National Bureau of Statistics, NBS, said inflation rate rose to 16.82 percent in April 2022, representing a 0.90 percent rise when compared to 15.92 per cent recorded in March 2022. The bureau also said that the composite food index rose year...
Ruble Up Against Dollar, Euro As Foreign Currency Trading Starts On Moscow Exchange
The ruble strengthened against the dollar and the euro as foreign currency trading started on Moscow Exchange on Monday compared with previous closing. As of 10:20 am Moscow time, the dollar exchange rate was down by 1.29% at 63.71 rubles, while the ...
Ikpeazu Orders Closure Of Scrap Markets In Abia Central, North, Sets Up Enforcement Committee
Abia State Governor, Dr Okezie Ikpeazu, has directed the closure of all scrap and waste markets in both Abia Central and Abia North senatorial zones of the state with immediate effect, till further notice. He had earlier instructed that similar marke...
UK Uncovers Fresh $23.4m Abacha Loot
The National Crime Agency (NCA) in the UK says it has recovered $23,439,724.98 loot believed to have been siphoned out of Nigeria in the 1990s by the associates and family of former Head of State, General Sani Abacha. According to a communique issued...
FG Says Abuja-Kaduna Train Operations To Commence Soon As Repair Of Bombed Rail Track Concluded
The Federal Government says it has completed repair of the damaged track on the Abuja-Kaduna rail line. Engr. Fidet Okhiria, Managing Director of the Nigerian Railway Corporation (NRC), disclosed this in a statement on Thursday. In the statement, whi...
Elon Musk Buys Twitter
Twitter said Monday it has agreed to sell itself to Elon Musk, who will take the company private in a deal valued at around $44 billion. The deal caps off a whirlwind news cycle in which the Tesla and SpaceX CEO became one of Twitter's largest shareh...
Buhari Will Commission My Refinery Before End Of His Tenure — Dangote
Chairman of the Dangote Group, Alhaji Aliko Dangote, has assured that the Dangote Refinery will be ready for commissioning before the end of President Muhammadu Buhari administration in 2023. He gave the assurance Friday while fielding questions from...
Over 5,000 Debtors Owe FG N5.2trn, Says Finance Minister
Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed has said the Federal Government will enforce the recovery of N5.2 trillion debt owed by over 5,000 debtors through various Ministr...
