News Report – July 23, 2025 Farmers under various cooperative societies across Nigeria’s South-East have applauded President Bola Ahmed Tinubu for the recent approval of the South East Investment Company, describing it as a bold and strategic move to revitalize agriculture, boost regional development, and empower local farmers. The farmers hailed the initiative as a
News Report – July 23, 2025 Thousands of N-Power beneficiaries may soon receive long-awaited payments as the Nigerian Senate has stepped in to resolve issues delaying the disbursement of ₦81 billion in outstanding allowances. The Senate’s intervention led to a high-level meeting involving the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, and
News Report – July 23, 2025 Africa is losing approximately $90 billion annually due to the continuous importation of substandard petroleum products, according to Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited. Dangote made this revelation while addressing stakeholders at a recent industry forum, where he emphasized the economic and environmental costs
News Report – July 23, 2025 Airline operators in Nigeria have warned that passengers should prepare for a hike in ticket prices beginning January 2026, as the federal government rolls out a new tax regime that includes the reinstatement of Value Added Tax (VAT) on air transport services. According to the operators, the proposed fiscal
News Report – July 23, 2025 In a significant shift to revamp its corporate tax landscape, the Federal Government of Nigeria has officially scrapped the controversial Excess Dividend Tax (EDT), marking the end of a longstanding policy that has drawn criticism from businesses and tax professionals for years. The removal of the EDT forms a
News Report – July 23, 2025 The Central Bank of Nigeria (CBN) has, for the third consecutive time, retained the Monetary Policy Rate (MPR) at 27.5 percent, reflecting a cautious stance amid signs of a gradual decline in the country’s inflationary pressures. The announcement was made on Tuesday during the conclusion of the Monetary Policy
July 23, 2025 – The Nigerian Exchange (NGX) witnessed a significant surge in equity market activities, with total transactions hitting N4.19 trillion in the first half of 2025, ending June 30. This marks a substantial 61 percent increase compared to N2.60 trillion recorded during the same period in 2024. The upswing in market activity is
Udinese and Super Eagles goalkeeper Maduka Okoye has been suspended for two months by the Italian Football Federation (FIGC) after being found guilty of sporting misconduct in a betting-related scandal. The 24-year-old shot-stopper was investigated for allegedly seeking a deliberate yellow card during Udinese’s Serie A match against Lazio in the 2023/2024 season, an incident
July 23, 2025 – Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has affirmed that Nigerians are beginning to show renewed confidence in the Naira, attributing this shift to the effectiveness of recent monetary policies introduced by the apex bank. Speaking at the Monetary Policy Committee (MPC) meeting held in Abuja on
July 23, 2025 – Lafarge Africa Plc has reported a robust sales revenue of N268.63 billion for the second quarter ended June 30, 2025, marking a significant milestone in its financial performance for the year. This development comes as the company’s board approved a strategic merger with its subsidiaries, United Cement Company of Nigeria Limited
