MTN Nigeria has rejected accusations from the Osun State government that it owes more than N900 million in unpaid taxes related to its fiber optic cable deployment. The Osun State government, through its consultant Global Transactions Nigeria Limited (GTNL), accused MTN...
Following the recent signing ceremony to launch the Lagos State Health Information Platform (Lagos SHIP), Interswitch Group and the Lagos State Government have organized a stakeholders’ engagement forum to further progress the initiative aimed at providing comprehensive healthcare access for Lagos...
In a significant move to bolster Nigeria’s defense capabilities and achieve autonomy in military hardware production, the National Agency for Science and Engineering Infrastructure (NASENI) signed a pivotal Memorandum of Understanding (MoU) with the Ministry of Defence on Wednesday. This groundbreaking...
Guaranty Trust Bank (GTBank) has refuted reports that its website was seized by hackers, labeling the claims as entirely untrue. The bank’s website, gtbank.com, became inaccessible on Wednesday night, just one day after its domain was renewed until 2029. Despite the...
The Economist Intelligence Unit (EIU) has warned that delays in supplying crude oil feedstock to the Dangote Petroleum Refinery and Petrochemicals could undermine Nigeria’s economic recovery and add pressure to the naira. The $20 billion refinery, which began production in January,...
To bolster Nigeria’s refining capacity and promote economic self-sufficiency, the Federal Government has inaugurated a Technical Sub-Committee to develop a framework for selling crude oil to local refineries in Naira. This initiative aims to reduce the country’s dependence on crude oil...
On Thursday, the Nigeria Customs Service (NCS) intercepted expired and controlled pharmaceutical products with a Duty Paid Value (DPV) of NGN 1.8 billion, which were illegally imported through the Lagos Port. Comptroller-General of Customs, Bashir Adewale Adeniyi, revealed this at a...
The Securities and Exchange Commission (SEC) of Nigeria is taking significant steps to address the issue of unclaimed dividends, which reached N215 billion as of March 2024. During a recent press briefing, SEC Director General Emomotimi Agama outlined the Commission’s strategy...
Nigeria and Equatorial Guinea have signed a $2.5 billion agreement to construct a 200-kilometer gas pipeline, aimed at boosting gas exports and enhancing economic ties between the two countries. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, highlighted the project’s...
In a significant move towards addressing the persistent issue of vandalism of electricity installations, the federal government has taken steps to enforce stricter penalties, including the death sentence for those found guilty. Minister of Power, Adebayo Adelabu, has engaged the military...