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BUSINESS

Telcos paid over N2tn tax in 2023 – Report

Telecommunication companies paid N2.4tn tax to the Nigerian government in 2023, despite struggling to attract investments, a digital economy report from the Groupe Special Mobile Association According to the report, the sector generated about N33tn, representing 13.5 per cent of the country’s gross domestic product. It highlighted the importance of the telecommunications sector to Nigeria’s economy, with the potential for even greater growth and development in the next 3–5 years. “The […]

todayMay 20, 2024 5

BUSINESS

I wasn’t involved in contracts during my father’s administration – El-Rufai’s son

The member of the House of Representatives representing Kaduna North Federal Constituency, Bello El-Rufai, has said that he was not involved in the award of contracts during the tenure of his father, Nasir El-Rufai, as the governor of Kaduna State. Bello stated this in an interview hosted by Yaya Abba, titled, ‘With Shuraim.’ The former governor served as the Minister of the Federal Capital Territory from 2003 to 2007 under […]

todayMay 14, 2024 11 2

POLITICS

Rivers assembly: Fubara, pro-Wike lawmakers clash over relocation

The Rivers State Government and lawmakers loyal to the Minister of the Federal Capital Territory, Nyesom Wike, on Sunday disagreed over an executive order, which relocated the sitting of the state House of Assembly to the Auditorium of the Administrative  Block of the Government House, Port Harcourt. The order, which was released by the state Governor, Siminalayi Fubara on Friday,  is contained in the state’s official Gazette, tagged Executive Order […]

todayMay 13, 2024 10

POLITICS

Rivers lawmakers who defected to APC have lost their seats – Falana 

Human rights lawyer, Femi Falana, has insisted that members of the Rivers State House of Assembly who defected from the Peoples Democratic Party to the All Progressives Congress have forfeited their positions in the legislative body. Twenty five lawmakers loyal to the former governor of Rivers State and current Minister of the Federal Capital Territory, Nyesom Wike, had switched to the APC amid the political deadlock between him and Governor […]

todayMay 13, 2024 12

POLITICS

Nigeria will change after eight years, support Tinubu before we die – Billionaire, Arthur Eze

Billionaire, Arthur Eze, has urged Nigerians to support President Bola Tinubu while praising his inclusive approach to governance. He made the remarks in a video widely shared on social media, which showed him donating N20m to a church. Eze said, “Tinubu has no boundary. If you go to Abuja, you will see Wike, an Igbo man as a minister. Umahi is Igbo man, as minister. No boundaries. All the types […]

todayMay 6, 2024 2

ENTERTAINMNET

I didn’t make money from popular single Oyinmo – Young Du bombs Carter Efe

Nigerian singer, Oluwabamishe Abioro, popularly known as Young Duu, has finally broken silence on his beef with popular skit maker, Efe Oderhohwo, aka Carter Efe. Recall that Young Du had accused Efe of cheating him after their music collaboration that produced his popular song titled ‘Oyinmo’. However, Efe, in an interview with Saturday Beats, insisted that he did not have any issues with the singer. He claimed that he had […]

todayMay 3, 2024 5

BUSINESS

Coastal highway: What we built in six years was demolished in six hours – Landmark

A part of Landmark Beach on Victoria Island, Lagos on Monday was demolished to give way to the Lagos-Calabar Coastal Highway, Nigeria’s biggest public infrastructure project. This is despite the outcry in some sections about the potential jobs and means of livelihood that will be lost. Meanwhile, the Minister of Works, Dave Umahi, while defending the demolition noted that the move was necessary considering the landmark centre was located on […]

todayMay 1, 2024 6 1

BUSINESS

Dangote refinery gets valid operating licence soon – FG

The Federal Government, on Tuesday, announced that it was set to issue a fully valid operating licence to the 650,000 barrels per day capacity Dangote Petroleum Refinery. It announced this at the  Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in Abuja. The NMDPRA, an agency of the Federal Government, however, explained that though it had […]

todayMay 1, 2024 15

BUSINESS

Minimum wage may not be less than N100,000 – Economist

Chief economist at SPM Professionals, Paul Alaje, shares his thoughts with AYOOLA OLASUPO on some of the recent economic policies made by the Federal Government among others Recently, the Central Bank of Nigeria increased Nigeria’s Monetary Policy Rate known as interest rate from 22.75% to 24.75%. What implications will this have on the private sector? What do you think of the Central Bank of Nigeria stimulating this programme at this point? I […]

todayApril 29, 2024 5

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