BUSINESS
UAE Offers Doctors, Students 10-year Golden Residency Visa
The United Arab Emirates said Sunday it will grant all doctors and infectious disease experts living in the country a 10-year visa, who are helping to combat the coronavirus pandemic. Foreigners in the UAE, like most Gulf countries, are generally only given limited residence visas tied to their current employment, and long-term residency is difficult to obtain. But to attract wealthy...
NERC Urges Electricity Prepaid Customers To Update Their Meters
The Nigerian Electricity Regulatory Commission (NERC) has urged citizens with prepaid meter to update them before November 2024. The regulatory body said users who fail to update their meters before the said date won’t be able to recharge their prepaid meters. NERC, in a post on X, formerly known as Twitter, said updating the meters attracts no cost. The regulator said electricity...
Customs Generates N144.2bn Revenue In 10 Months
The Murtala Mohammed Area Command of the Nigeria Customs Service, Thursday stated that it realised the sum of N143.2 billion revenue into the federal government coffers between January and October, 2024. Aside, the revenue the command also intercepted, 250 turtles, 23 pieces of walkie-talkies, 175 pieces of military helmet, and 50 pieces of drones allegedly being smuggled into the country...
Buhari Set To Unveil Nigeria’s Digital Currency Monday
President Muhammadu Buhari is scheduled to formally unveil the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira, on Monday 25 October 2021, at the State House, Abuja, ABN TV has learned. The launch of the eNaira is a culmination of several years of research work by the Central Bank of Nigeria in advancing the boundaries of payments system in...
VP Shettima Jets Out To US For Business Summit
Vice President Kashim Shettima has departed Abuja for Dallas, United States of America, to represent President Bola Tinubu at the 2024 US-Africa Business Summit hosted by the Corporate Council on Africa. A statement by his Senior Special Assistant on Media and Communications, Stanley Nkwocha says the Vice President will join other political and business leaders across Africa, the United States...
FG To Restructure FIRS, Mulls New Name
The Minister of Finance, Budget and Economic Planning, Zainab Ahmed, has disclosed plans to restructure the Federal Inland Revenue Service (FIRS). The minister while appearing before the Senate Committee on Finance said the restructuring would see the name of the service changed to the Nigeria Revenue Service. The change, which is part of the 2022 Finance Act that was passed by...
Find Out Why Our Refineries Are Not Working, Joe Igbokwe Tells Tinubu
Joe Igbokwe, a leader of the All Progressives Congress (APC), has requested President Bola Tinubu to investigate why Nigeria’s refineries are not operating. Igbokwe questioned what had become of Nigeria’s four dormant refineries. He was responding to a comment made by Nigerian Finance Minister Wale Edun, who stated that the country spends $600 million each month on petroleum imports. Edun stated that...
No More Loans For FG, CBN Declares
The Central Bank of Nigeria (CBN) says it has discontinued granting loans through its Ways and Means advances to the federal government. The CBN Governor, Olayemi Cardoso, said the decision was because of the government’s failure to settle its outstanding debt. Cardoso said this on Friday at an interactive session with the Senate Committee on Banking, Insurance and other Financial Institutions...
FG, States, LGs Share N1.681 Trillion April 2025 Federation Revenue
The Federation Account Allocation Committee (FAAC) shared N1.681 trillion in revenue generated in April 2025 among the federal government, states, and local government councils. This was disclosed in a statement issued on Friday by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation (OAGF), following the FAAC meeting held in Abuja. According to the statement, the...
NNPC Releases Estimated Pump Prices Nationwide After Lifting Dangote Refinery Petrol
The Nigerian National Petroleum Company (NNPC) has released a breakdown of estimated prices of Premium Motor Spirit (Petrol) from Dangote Refinery in retail stations across the country based on September 2024 pricing. The Spokesperson of NNPCL, Olufemi Soneye disclosed this in a statement on Monday. The company confirmed that it is paying Dangote Refinery in United States Dollars for the September...














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