Nigeria’s Telecom Sector Sees 102% Increase in VAT Revenue
Nigeria's telecom sector has experienced a remarkable 102% growth in Value Added Tax (VAT) revenue between 2022 and 2024. According to recent data, VAT...
Femi Otedola Increases Stake in FBN Holdings
Femi Otedola, well-known as the chairman of First Bank of Nigeria (FBN) Holdings, has made headlines by increasing his shareholdings in the company. His...
Strategic Partnership Set to Transform E-commerce in Nigeria
Traders of Africa (TOFA), AliExpress, and MTN MoMo have announced a groundbreaking partnership aimed at revolutionizing Nigeria's e-commerce sector. This collaboration is set to...
Airtel Nigeria Cuts Costs By Switching To Renewable Energy
Airtel Nigeria, a major telecommunications company, is reducing its spending on diesel by switching to renewable energy sources. The company spends a huge amount...
Dangote Expands To Dubai
Aliko Dangote, Africa's richest man, is set to open a family office in Dubai, reflecting a trend among wealthy individuals seeking to manage their...
Nigeria’s Coconut Industry Set for Growth Through Strategic Partnership
The Nigerian Institute for Oil Palm Research (NIFOR) has teamed up with the Coconut Research Institute of the Chinese Academy of Tropical Agricultural Sciences...
CBN Raises Interest Rate to 27.25% as Inflation Concerns Persist
Manufacturers in Nigeria will continue to face high borrowing costs as the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has raised the...
Access Holdings’ Half-Year Profit Drops Despite Revenue Increase
Access Holdings, Nigeria's largest lender, has reported a decline in net profit for the first half of 2024, despite achieving a new revenue milestone....
Uncap Launches $33 Million Fund To Support African SMEs
Uncap, a venture capital firm based in Munich and Nairobi, has launched a $33 million fund aimed at helping small and medium-sized enterprises (SMEs)...
Rail Transport Savings: Nigeria Cuts Diesel Costs
The Federal Government of Nigeria is poised to reduce diesel costs by over 60% through the retrofitting of train locomotives to operate on a...