Dele Kelvin Oye, the National President of The National Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), has urged President Bola Tinubu’s administration to prioritize tax reform by reducing corporate taxes to 19% and setting Value Added Tax (VAT) at 7.5%. Oye expressed this in a statement he […]
Data from the Central Bank of Nigeria (CBN) reveals a significant rise in net foreign exchange (FX) inflows into the Nigerian economy, increasing by 65.7% year-on-year (YoY) to $46.92 billion in the first ten months of 2024. This is up from $28.31 billion in the same period in 2023. The […]
Residents of the Federal Capital Territory (FCT) will endure extended power outages starting today, Monday, January 6, as announced by the Abuja Electricity Distribution Company (AEDC). In a statement shared via its X handle on Friday, AEDC revealed that the outages are due to the Federal Capital Development Authority (FCDA) […]
Nollywood actor and comedian Woli Arole has announced the passing of his father. The entertainer shared the emotional news on his Instagram page, expressing heartfelt gratitude for his father’s impactful life and the cherished memories they created together. In his post, Woli Arole described his late father as his “hero” […]
The West African Examinations Council (WAEC) has unveiled a groundbreaking initiative that allows students to retake their West African Secondary School Certificate Examination (WASSCE) as early as January and February 2025. This marks a significant shift from the previous system, where candidates had to wait until the next private exam […]
The Independent National Electoral Commission (INEC) has dismissed reports alleging plans to destroy over six million uncollected Permanent Voter Cards (PVCs). In a statement posted on its verified X (formerly Twitter) handle, @inecnigeria, the electoral body urged the public to disregard the story circulating in certain media outlets, excluding Techeconomy. […]
The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has urged state policymakers to capitalize on their unique resources and strengths to drive economic prosperity. Speaking at a capacity-building workshop held at FutureMap Academy, Hadejia, Jigawa State, Inuwa emphasized the transformative potential of technology in addressing […]
As the world pivots from combustion engines to electric vehicles (EVs), the demand for EVs and their supporting infrastructure is surging. Nigeria, inspired by global trends and a commitment to clean energy, is gradually embracing this transformation. The government’s push for renewable energy and private sector innovations have catalyzed the […]
In the spirit of the festive season, MTN Nigeria is delighted to announce a special initiative to honour and appreciate the invaluable contributions of media professionals across the country. This Yule Tide season, MTN is set to distribute luxurious hampers to media colleagues as a token of gratitude for their […]
The Nigeria Labour Congress (NLC) has praised Dangote Petroleum Refinery for its recent reduction in fuel prices, describing the move as a significant economic relief for Nigerian consumers. Speaking to reporters, Comrade Funmi Sessi, Chairman of the Lagos Council of the NLC, noted that the refinery’s operations came at a […]
