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Experts warn FG against costly foreign loans and VAT hike over IMF advice

Capital market operators and economists have urged the Federal Government to avoid expensive foreign loans and a VAT increase as it weighs the IMF's latest policy recommendations.

Court orders Virgin Atlantic to pay N13 million for missed flight

A Lagos Federal High Court has ordered Virgin Atlantic to pay Joy Ezetah $5,906.50 in damages, plus costs, after it denied her boarding on a Lagos-London flight.

Lagos Hotel Unveils “Most Advanced” in West Africa

A video circulating on social media offers a glimpse into a lavish suite at the Delborough Hotel in Lagos, Nigeria, claimed to be the "most advanced hotel room" in West Africa. The room features a blend of cutting-edge technology and opulent comfort.

World Bank Blacklists 58 Nigerian Entities Over Corruption Allegations

The World Bank has taken decisive action against corruption by blacklisting 58 Nigerian companies and individuals implicated in fraudulent practices. This move underscores the global commitment to combatting corruption and promoting transparency in financial transactions.

House Backs Cybercrime Levy, Urges Clear Communication on Target

Nigerian lawmakers have reaffirmed their support for the controversial cybercrime levy, insisting it applies only to businesses that profit from cyberspace activities. This move follows public confusion surrounding the levy's implementation.

Nigeria’s Oil Production Inches Up, But Challenges Remain

Nigeria's oil production edged slightly higher in April 2024, offering a glimmer of hope for the nation's economic prospects. However, this increase falls short of government targets, highlighting persistent challenges that continue to plague the oil sector.

Nigeria, China Collaborate to Boost Trade and Agricultural Exports

Nigeria and China are collaborating to bridge the trade gap and enhance agricultural exports, signaling new opportunities for economic growth and development in both countries.

Nigeria’s Central Bank Doubles Down on Inflation Fight

Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.

Oil Production Boosts Planned for Akwa Ibom State

Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.

MTN, Airtel’s FX Woes Mask Strong Q1 Performance

Amidst the backdrop of foreign exchange challenges, telecom giants MTN and Airtel have reported...

Nigeria Enhances Oil Investment Appeal with FX Regulation Relaxation

LAGOS - Nigeria, Africa's largest oil producer, has unveiled new measures aimed at attracting...

Nigeria Boosts National Grid with New Mobile Power Stations

Nigeria unveils new mobile power stations in Lagos and Kebbi states, adding 625MW to the national grid. The project is part of a government initiative to improve power supply and could lead to economic growth and better living standards.

Tinubu Set to Inaugurate Three Gas Infrastructure Projects

In a significant development for Nigeria's energy sector, prominent political figure Tinubu is poised...

Delta State Rallies Behind Pipeline Security Company

Pipeline Infrastructure Nigeria Limited (PINL), responsible for safeguarding oil pipelines in Delta State, Nigeria, is under scrutiny for its performance. Despite accusations of underperformance, PINL receives backing from local experts, government officials, and community leaders who tout the company's success in reducing pipeline vandalism and boosting the regional economy.

Latest articles

Experts warn FG against costly foreign loans and VAT hike over IMF advice

Capital market operators and economists have urged the Federal Government to avoid expensive foreign loans and a VAT increase as it weighs the IMF's latest policy recommendations.

Court orders Virgin Atlantic to pay N13 million for missed flight

A Lagos Federal High Court has ordered Virgin Atlantic to pay Joy Ezetah $5,906.50 in damages, plus costs, after it denied her boarding on a Lagos-London flight.

FG moves to end open grazing, identifies 470 gazetted reserves

The Federal Government has identified 470 gazetted grazing reserves to resettle pastoralists and end open grazing and the roaming of cattle across Nigeria's cities.

Governance is not rocket science, Peter Obi faults Tinubu’s policies

NDC presidential candidate Peter Obi says governance is "not rocket science," faulting Tinubu's policies and pledging unity, education and support for small businesses if elected.