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Spotify CEO Daniel Ek to step down, names co-CEOs by January 2026

Guinness Plc Climbs, Capital Alliance Aradel Exit, PFAs Celebrate ‘Gold’ Gains

E1 boat race: Lagos to close 5 Cowries waterways from Oct 2

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Business and economic news from Nigeria and around the world.

FAAC, IGR, Fiscal federalism in Nigeria, NEC Inauguration, Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, Fiscal federalism

FG, states, local governments share N76.7 billion for July from FAAC

The Federation Accounts Allocation Committee (FAAC) has shared the sum of N760.717 billion as revenue for the month of July to...

FG to resume Conditional Cash Transfer on August 23

The Federal Government disclosed that it will resume the Conditional Cash Transfer to beneficiaries across the country from the 23rd...

Ten States in Nigeria, Foreign Investors abandoned 27 States, as Lagos and Abuja attracted $5.8 billion, tax revenue, Foreign investors dump 29 states in Nigeria, as Lagos attracts $4.97 billion in 3-month , Foreign investors ship $21.14 billion to 22 States in 10-month , 36 states contravene DMO rule, took debt more than revenue, FAAC disburses N650.8 billion as South-South states receive highest share

FG to review vertical revenue allocation to 3 tiers of government

The Federal Government announced that it is ready to review the vertical revenue allocation formula it currently operates towards the...

Ibadan, Abuja and Ikeja DisCos record highest metered customers for Q2/2022

Electricity: FG to begin second phase of Mass Metering scheme

The Nigerian Government announced that it will soon commence the second phase of its National Mass Metering Programme (NMMP); a...

We did not receive N243 billion Paris Club refund – Governors

The Nigeria Governors Forum revealed in a statement that the sum of N243.8 billion worth of Paris Club refunds was...

Timipre Sylva says he has directed NMDPRA to sanction those making profits from fuel crises

PIA: Minister reacts to alleged gender imbalance in Steering Committee

by Abiola Odutola

The Minister of State for Petroleum, Chief Timipre Sylva, has said that the selection of members of the Petroleum Industry...

UK court ruling affects acquisition of Shell’s oil block by Governor Wike

Governor Wike defies FG, signs VAT collection bill into law

The Rivers State Governor, in defiance to the Federal Government, has gone ahead to sign into law the bill on...

Development is impossible without security – Lai Mohammed

FG says Dangote, MTN, others to construct 794km road under tax credit scheme

The Federal Government has said that about 794 kilometres of road have been prioritized for construction by eligible companies through Road Infrastructure Development...

Nigerian stocks ASI Increased by over 600 points, steadily eliminating the YTD losses, Equities market Closes on a Positive Note as Market Cap Gains N64.93 billion, Nigerian Bourse Records decline after Market Cap dips by N82.83 billion

Market sentiment drives N97.54 billion loss in the stock market

by Chidinma Anyalewechi

At the end of Friday’s trading session, the Nigerian Exchange market closed negative amidst sell-offs and buy-interests as the benchmark...

2023: FG says Presidency fully behind Tinubu’s candidacy

Twitter Ban: FG says microblogging platform has agreed to 7 out of its 10 demands