Aba Businesses Thrive as Infrastructure Sees Major Upgrades

Aba businesses are experiencing significant growth, thanks to ongoing infrastructure improvements in the city. Under Governor Alex Otti’s leadership, these developments are reshaping the commercial landscape of Abia State’s most prominent business hub. This transformation has enhanced the ease of doing business, attracting investors and ensuring that Aba’s bustling markets, like Ariaria International and Ekeoha…

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Lagos Government and Sanwo-Olu Sued Over Alleged $100 Million Dangote Refinery Land Deal

A lawsuit has been filed at the Federal High Court in Lagos, demanding that the Lagos State Government provide full disclosure regarding an alleged $100 million payment made by billionaire businessman, Alhaji Aliko Dangote, for land used for the construction of the Dangote Refinery. The case, initiated by two civic groups—De Renaissance Patriots Foundation and…

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Company Income Tax Revenue in Nigeria Surges by 151% in Q2 2024

In a remarkable financial turn, Company Income Tax revenue in Nigeria surged by 151% during the second quarter of 2024, climbing from N984.61 billion in Q1 to an impressive N2.47 trillion. This significant growth, reported by the National Bureau of Statistics (NBS), reflects the increasing contributions from both local and foreign companies. This leap highlights…

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CBN Raises N9.27tn via NTBs as Investors Seek Longer Maturities, Higher Returns

The Central Bank of Nigeria raises N9.27 trillion through NTBs, driven by investor demand for longer maturities and higher yields. In a move to meet rising investor demand, the Central Bank of Nigeria (CBN) successfully raised N9.27 trillion through Nigerian Treasury Bills (NTBs). The strong interest in NTBs in Nigeria reflects investors’ appetite for longer…

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Nigerians Struggle to Locate N40,000 Subsidised Rice Sales Points

FCT Residents Express Frustration Over Difficulties in Locating Subsidised Rice Sales Points Residents of Nigeria’s Federal Capital Territory (FCT) are finding it increasingly difficult to access the N40,000 subsidised rice, an initiative launched by the government to alleviate food costs. Although the sale of 30,000 metric tonnes of milled rice at this reduced rate was…

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