Tinubu increases Nigeria’s foreign debt to $51bn after seeking fresh $7.8bn, €100m loans
Nigeria’s foreign debt will increase further to about $51 billion, after President Bola Tinubu made two requests to the Senate, seeking approval to borrow additional $7.8 billion and €100million, as…
Rehabilitation: Kaduna refinery ready by end of 2024 – Petroleum minister
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed that the ongoing quick-fix project at the Kaduna Refinery and Petrochemicals Company Limited, KRPC, will be back…
Stakeholders lament as Lagos cracks down on environmental offences at markets
Industry watchers have described the closure of Alaba International Market as a wake-up call for other markets and public places in Lagos state to ensure that they adhere to proper…
X set to charge new, unverified users $1 annual subscription fee
X, formerly known as Twitter, has announced a new programme requiring new and unverified users to pay a $1 annual subscription fee to sign up. This was contained in a…
Why CBN lifted forex ban on 43 items
The Central Bank of Nigeria (CBN) has removed 43 items from the list of goods prohibited from accessing forex in the official market. The new list, which was released on…
Sanwo-Olu orders demolition of three major markets in Lagos Island
Governor Babajide Sanwo-Olu of Lagos State, has announced plans to demolish Jankara, Bombata and Pelewura markets so as to allow for urban regeneration of the area. Sanwo-Olu made this known…
Lagos takes action against poor sanitation in Tejuosho, other markets
The Lagos Waste Management Authority (LAWMA) has taken action to address the issue of poor sanitation in Tejuosho Market, Yaba in Lagos state. Several plazas around the market have been…
Apple gives in to EU pressure, adopts USB-C charging for iPhone 15
Apple, the American tech giant has finally bowed to pressure from the European Union and has switched to USB-C charging. At the unveiling event of the much anticipated iPhone 15…
FG delists loan apps from Google | See full list of 37 affected companies
The Federal Competition and Consumer Protection Commission (FCCPC) on behalf of the federal government on Monday delisted 37 illegal loan apps in Nigeria. Recall that on August 1, 2023 the…
No new taxes, we want to harmonise, reduce them – presidential reform lead, Oyedele
Chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, on Sunday said no government agency has been stopped from collecting statutory revenue, noting his team was…