President Bola Tinubu has halted the implementation of an electricity tariff hike and has called for subsidies on nationwide power consumption. Minister of Power, Adebayo Adelabu,...
An analysis of Nigeria’s government earnings has revealed a significant revenue windfall of N713.1 billion resulting from the devaluation of the national currency, the naira. The...
The Nigerian federal government has reported significant fiscal gains amounting to approximately N1.45 trillion between June and September due to the removal of the subsidy on...
The Nigeria Port Authority (NPA) has announced a substantial $1.1 billion investment for the comprehensive rehabilitation of ports across Nigeria, commencing in the first quarter of...
Nigeria’s creative industry holds the potential to emerge as the country’s largest export sector and contribute an estimated $100 billion to Nigeria’s Gross Domestic Product (GDP)...
The Lagos State Internal Revenue Service (LIRS) has taken stern action against tax noncompliance, announcing the closure of 34 corporate organizations and 23 hotels for failing...
Nigeria’s Federal Executive Council (FEC) has given its nod to a partnership with Germany’s GeoScan GmbH. The collaboration aims to explore and exploit an estimated $700...
Lagos State has taken a step towards accelerating its development as it signed a transformative deal with the African Export-Import Bank (Afreximbank) to secure a $1.35...
In a bid to address the persistent problem of ticket racketeering and enhance revenue generation, the Federal Government of Nigeria officially unveiled the E-ticketing platform for...
The Federal Government of Nigeria has inked a significant power distribution lines upgrade contract valued at $463 million with a Chinese consortium. This development was officially...
