Business

  The Federal Government has rescinded its decision to ground 60 private jets owned by various individuals in Nigeria over unpaid import duty running into several billions of naira The government through a directive from the Nigeria Customs Service to ...

  Businessman, Chief Priest has showcased his latest investment: a luxurious hotel in Owerri. The hotel, which is nearing completion, features breathtaking interiors. Cubana Chief Priest shared a video tour of the hotel on his social media page, giving followers ...

  The World Bank has stated that Nigeria must maintain its ongoing economic reforms for the next 10 to 15 years to establish itself as a leading economic power, not only in sub-Saharan Africa but also on the global stage. ...

  The national electricity grid has collapsed again, The PUNCH reports. The grid collapsed at about 6:18 pm on Monday, leaving Nigerians in darkness. Checks by our correspondent confirmed that power generation dropped from 3.87 gigawatts at 5 pm to ...

  Kim Kardashian’s daughter, North West, landed the cover of Interview Magazine for its Fall 2024 issue at just age 11. The SKIMS founder, 43 – who recently put on a stylish display while stopping by ChainFEST LA – joined the ...

  As Nigerians struggle with the high cost of petrol, the price of Liquefied Petroleum Gas, also known as cooking gas, has also increased to N1,500/kg. But the Managing Director/Chief Executive Officer of NIPCO Plc, Suresh Kumar, said the Dangote ...

  The Enugu State Government has clarified the purpose of its mortuary tax, dispelling rumors that it’s intended to generate revenue. Instead, the tax aims to discourage prolonged stays in mortuaries. According to Emmanuel Nnamani, Chairman of the Enugu State ...

  An entrepreneur has amazed the online community by sharing a video that highlights her remarkable growth from running a small clothing shop in 2013 to managing a large retail store in 2024. The TikTok video, captioned “Life is indeed a ...

  The Poultry Association of Nigeria has warned that if urgent steps are not taken to support poultry farmers, prices of eggs may increase from the current N5,500 to N10,000 per crate. The association attributed the rising cost of the ...

  Nollywood actress Biodun Okeowo has announced her new partnership with Goldmine Realty, a real estate firm, where she will serve as their Social Media Brand Manager. In a joyful Instagram post, she expressed her gratitude for the opportunity to ...

  Air Peace has responded to reports of fraud charges filed by the U.S. Department of Justice against its CEO, Dr. Allen Onyema, and Chief of Finance/Administration, Mrs. Ejiro Eghagha. In a statement on Sunday, the airline reaffirmed its commitment ...

  A new bill has been proposed in Nigeria that will require individuals engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number as a precondition for opening a new account or operating an existing ...

  Access ARM Pensions has called on long-term and institutional investors to take a more active role in financing sectors critical to Nigeria’s industrialisation and economic growth. Speaking at the ninth Nigerian Association of Insurance and Pension Editors conference in ...

  Sterling One Foundation has highlighted the importance of empowering girls as the world marks the International Day of the Girl Child on Friday. In a statement made available to our correspondent, the Foundation, which is focused on tackling the ...

  United Bank for Africa Plc has announced that for the sixth consecutive year, it will be sponsoring the annual Lagos International Trade Fair. The LITF, which is the 38th edition, is organised annually by the Lagos Chamber of Commerce ...

  The Securities and Exchange Commission has approved the extension of Nigerian Breweries Plc’s 599.1bn rights issue. The acceptance period, initially scheduled to close on October 11, has been extended to Friday, October 18, 2024, following the SEC’s approval. In ...

  To commemorate the International Day of The Girl Child, Zenith General Insurance has donated cash to the Lagoon School Library project. International Day of The Girl Child is observed globally on October 11 every year. The Theme of this ...

  Tech billionaire Elon Musk has unveiled the next-generation humanoid robot, Optimus, declaring its capabilities as boundless and setting the stage for a new era in robotics. Musk made the bold announcement at the highly anticipated “We, Robot” event, on ...

  The Federal Government has proposed introducing a tax payment option that enables individuals to pay their taxes in instalments. It introduced this in the Nigeria Tax Bill 2024, recently submitted to the National Assembly for consideration and approval. Our ...

  The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the ...

  The Nigerian Communications Commission has announced that it has completed the linking of all phone numbers in the country to a National Identification Number. Speaking at the 2024 Annual Corporate Governance Conference held in Lagos on Thursday, the Executive Vice-Chairman of the ...

  *Wema Bank Launches #MyTeacherMyHero Challenge to Celebrate Exceptional Educators in Nigeria* As the world celebrates the invaluable contributions of teachers on World Teachers’ Day, Wema Bank proudly joins this global recognition by launching the #MyTeacherMyHero Challenge to honor and ...

  The Nigeria Labour Congress (NLC) on Wednesday rejected the new increase in petrol pump price, saying it will further deepen poverty in the country. “It will further deepen poverty as production capacities dip, more jobs lost with multidimensional negative ...

  Nestlé has announced submission of entries for the 2024 Nestlé Nigeria Media Awards. The entries for the fourth edition of the annual event which recognizes and rewards journalistic professionalism and excellence across Nigeria will focus on stories that align with key ...

  The Nigerian National Petroleum Company Limited (NNPC) has increased the price of Premium Motor Spirit (PMS) or petrol, from N855 per litre to N998 per litre across its retail outlets in Lagos. This represents a 12.7 percent or N113 ...