Presidential Committee on Tax Policy and Fiscal Reform has said the ongoing tax reforms go beyond revenue generation, aiming instead to reposition the country’s economic trajectory. Its Chairman, Mr Taiwo Oyedele, made this clarification in Lagos at the inaugural Annual Workshop for Attorneys-General on emerging issues in the communications sector. Oyedele noted that the reforms…
The Minister of Aviation and Aerospace Development, Festus Keyamo and the Ministry of Finance Incorporated (MOFI), led by its Managing Director, Dr. Armstrong Ume Takang , have met to explore investment opportunities within the aviation sector as part of broader efforts to reposition the industry as a cornerstone of economic transformation. Accompanied by representatives of…
Telecom giant, MTN Nigeria, has reported a 54.6 per cent growth in its service revenue posting to N2.4 trillion in the first half of this year, according to its financial results the period ended June 30, 2025. The carrier also said its subscribers increased by 6.7 per cent to hit 84.7 million, properly cementing its…
MTN Nigeria’s Chief Executive Officer, Dr. Karl Toriola, has restated the commitment of the carrier to redefining end user experience of its services to customers. He gave the assurance when he responded to live questions from customers during its inaugural Customer Engagement Day (CED) at MTN Rooftop, Ikoyi, Lagos, delivering on its promise to listen,…
United Republic of Tanzania has thrown its weight behind Nigeria’s bid for election into Category C of the International Maritime Organization (IMO) Council, citing strong bilateral relations and Nigeria’s past support as key factors. This declaration was made during a courtesy visit by the Tanzanian High Commissioner to Nigeria, His Excellency Selestine Gervas Kakele, to…
Seplat Energy PLC has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167 trillion for the period from N575.1 billion reported same period last year. Its gross profit soared to N751.2 billion from N247.5 billion Year-on-Year. Cash generated from its operations for the period grew to N1.188…
The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the Port Harcourt Refining Company (PHRC), reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. Its Group Chief Executive Officer (GCEO), Bayo Ojulari, announced this at a company-wide town hall meeting at the NNPC Towers, Abuja. NNPCL made…
The National Insurance Commission (NAICOM) has rolled out operational guidelines for Insurtech businesses in Nigeria. This is a step toward regulating and expanding digital innovation in the insurance sector. The move which came after a series of stakeholder engagements NAICOM said is aimed at creating a unified regulatory environment for emerging insurance technology players. According…
The African Development Bank (AfDB) has committed $1.2million grant to kick start the Nigeria Battery Energy Storage System Feasibility Study. Its Country Office Director-General, Dr Abdul Kamara disclosed this during the inaugural/inception workshop of the feasibility study in Abuja. Represented by the Chief Engineer, AfDB Nigeria Country Office, Engr. Chigoziri Egeruoh, Director-General said: “This is…
