The economy records an additional Investments worth $50m in the last five months through the Presidential Compressed Natural Gas Initiative. This was disclosed by the Programme Director/Chief Executive, PCNGI, Michael Oluwagbemi, at the Southwest stakeholders’ forum held Wednesday in Lagos. Oluwagbemi noted that the CNG initiative was c ... Read more

The Central Bank of Nigeria (CBN) has granted approval-in-principle (AIP) to 14 new International money transfer operators (IMTOs) as part of its plans to boost foreign currency remittance flows through formal channels. The Bank’s Acting Director of Corporate Communications, Hakama Sidi Ali, disclosed this, yesterday, in Abuja. She said ... Read more

Lagos State Governor, Babajide Sanwo-Olu, has stated that the Federal Government must explore new and innovative ways of expanding the tax base and ensure Nigerians do not see taxes as an additional burden. The governor said governments at all levels must introduce a tax system that fosters a business environment that allows the economy to thriv ... Read more

The Minister of Aviation and Aerospace Development, Festus Keyamo, has disclosed that the Federal Government lost 82 per cent which is equivalent to N10 billion in revenue that ought to accrue from airport tollgates under old rules. This was disclosed by Keyamo to State House correspondents on Tuesday at the end of a two-day meeting of the Feder ... Read more

President Bola Tinubu has reassured investors in the energy sector of his administration’s commitment to further enhance the business environment and ensure investment convenience. This was as the President inaugurated three milestone projects, which are the expanded AHL Gas Processing Plant; the ANOH Gas Processing Plant, and the 23.3km A ... Read more

Report from the National Bureau of Statistics has indicated that Nigeria’s inflation rate has increased to 33.69 per cent in April 2024 up from 33.20 per cent recorded in March 2024. In its report on Wednesday, the NBS stated that this represents a month-over-month increase of 0.49 per cent points in the headline inflation rate, according ... Read more