Telcos Raked in N3.8trn Revenue, Raised Active Subscriber Numbers to 222 Million in 2022
According to NCC, the figures was a collation based on the submissions received from service providers in the industry
Excess Liquidity Weakens Naira Further at Parallel Market to N950/$1
However, on the Investors and Exporters’ (I&E) window, the naira closed at N781/$1 compared with its opening rate of N782/$1.
Naira Advances Towards N1000 Per $1, Hits Record Low Of N915 To $1 At Parallel Market
Nigeria’s economy has been under pressure since the Central Bank of Nigeria (CBN) floated the currency in June.
Court Freezes Seplat Co-Founder Orjiakor’s Accounts, Assets Over Alleged Indebtedness to Access Bank
The court also restrained Orjiakor or any other person under his authority, from withdrawing from or dealing with his funds in any bank within Nigeria, pending the hearing of the motion.
Dangote Hails Tinubu’s Quest To Ramp Up Tax Collection, Block Revenue Leakages
He also urged the tax committee to widen the country’s tax net, so as to reduce pressure on those that had over the years been committed to the payment of taxes.
Airlines Spend Longer Flight Time Across Africa With Closure of Niger’s Airspace
Airlines flying between Europe and southern Africa would need to reroute and add 1000 or more extra kilometers to their flights,.
Zenith Bank, AfCFTA Sign Agreement To Develop SMARTAfCFTA Portal
The CBN commended Zenith Bank for the promotion of Nigeria’s non-oil based export profit.
Nigeria Says It Loses $26bn Annually To Tax System Gaps
Taiwo Oyedele lamented that those who evade taxes get away with no consequences, and said this needs to change.
Tinubu Orders Financial Sanctions Through CBN Against Individuals, Entities Doing Business with Niger Junta
He said the actions are not based on religion and ethnicity.
Olusegun Aganga: I Visited 68 Countries To Market Nigeria, Attract Investments
He said his tenure in government successfully made Nigeria the number one destination for investments in Africa.
Siemens Deal to Fix Nigeria’s Power Sector Problems Faces Delay
The agreement was meant to include the rehabilitation, upgrade and expansion of transmission and distribution networks.
Dubai’s Foreign Visits Hit 8.5M in H1 2023, Becomes Region’s Wealthiest City
Dubai also comes first regarding the number of billionaires currently residing in the Middle East and North Africa.
Seplat Energy’s Gas Revenue Grows Year-on-Year to $63.7m
The growth was due to an increase in prices and higher volume of sales.
Nigeria Determined to Harmonise Multiple Taxation to Attract Investments, Says FIRS Chairman
Nami said that the difficult but necessary reforms will yield long-term benefits.
Zoom Orders Workers Back To the Office
The firm said it believed a “structured hybrid approach” was most effective and people living within 80km of an office should work in person at least twice a week.
Afreximbank Opens Caribbean Office in Barbados
The move cements Afreximbank’s efforts to promote and develop trade between Africa and the Caribbean in line with its Diaspora Strategy.
Guinness Nigeria Says It Can’t Get Dollars Despite FX Reforms
“We have sufficient cash in naira to pay off and all we need is access to hard currency.”
Air Peace Operates Special Flight Service to Antigua and Barbuda
The airline’s spokesman said the flight is to concretise the relationship between the airline and the government of Antigua and Barbuda.
Tinubu’s Reforms: S&P Upgrades Nigeria’s Outlook to Stable
Despite the improved rating, the debt assessor still scored Nigeria at B-, six notches into junk and on par with Bolivia and Barbados.
Shettima Receives Briefings From BPE, Niger Delta Power Company
He asked them to remain focused to realise the transformation agenda of Tinubu’s government.
