Bank customers lose N2.72bn to fraudsters – Report
A report by FITC has revealed that bank customers in Nigeria lost a total of N2.72bn to fraud in the first and second quarters of 2022. It was also disclosed…
IMF links global inflation to rising shipping costs
The International Monetary Fund has attributed the current global inflationary pressure to the dramatic increase in shipping costs. In a new report titled “the costs of misreading inflation,” the lender…
‘Airtel, Mafab, MTN spend $820m on 5G spectrums’
Airtel, Mafab and MTN Nigeria have spent about $820.8m to acquire the fifth-generation spectrums. The Minister of Communications and Digital Economy, Isa Pantami, disclosed this in his presentation at the…
FG metering scheme falls by 58%
The distribution of free meters under the National Mass Metering Programme of the Federal Government, dropped by 58 per cent in the first quarter of 2022, findings by The PUNCH…
2022 flood caused N4.2tn economic loss, says FG
The 2022 floods in various parts of Nigeria led to an estimated economic loss of $9.12bn (N4.2tn as at Friday’s official exchange rate of N460.78/$), the Federal Government announced on…
Imported goods killing local production – Presidency
Nigerian consumers should change their mindset and patronise locally-produced goods, especially in the agricultural sector, to boost revenue and job creation, the Special Adviser to the President, Major General Muhammadu…
Nigeria-Niger Republic rail project to boost trade – FG
The Federal Government has stated that the Nigeria-Niger Republic rail project would boost trade and other socioeconomic interactions between both countries. A statement by the Director, Press and Public Relations…
Tax fraudsters will pay double of evaded taxes – LIRS chief
The Chief Compliance Officer, Lagos Inland Revenue Service, Abideen Akande speaks with EDIDIONG IKPOTO on the state’s annual tax returns and other tax-related matters How would you assess the LIRS…
Airlines choose narrow-body aircraft as aviation crisis rises
Funmi Fabunmi in this piece examines the switch from wide-body aircraft to smaller ones by Nigerian airlines as the crisis in the aviation industry persists Narrow-body aircraft such as Embraer…
Petrol scarcity: Reps to meet NNPC, others Thursday
The House of Representatives has urged the Nigerian National Petroleum Company Limited, as the sole importer of Premium Motor Spirit, popularly known as petrol, to urgently ease off the queues…