Nigeria’s federal government has spent $1.302 billion on debt servicing in the first half of 2021 (January to June 2021), expending 97 percent of its revenue on debt. According to

Nigeria’s federal government may approach the Supreme Court to determine if the states have any constitutional right to collect the controversial Value Added Tax (VAT). The Attorney General of the

Nigeria is planning to raise 90 billion naira ($219 million) next year from selling mostly government-owned power assets to help fund spending in 2022. The National Integrated Power Projects (NIPPs)

As a way of giving thousands of Africans access to fast and cheaper internet, Google has promised to invest $1 billion in Africa over the next five years that will

Oil prices continued to climb on Tuesday, hitting their highest levels in years and extending gains. Apparently, the rally was triggered after the world’s major oil producers represented by the

Global airlines on Tuesday wrapped up their first meeting since COVID-19 brought their industry to its knees, voicing optimism about pent-up demand but desperate for governments to harmonize disjointed border

Two Hong Kong property agencies are suing heavily indebted China Evergrande Group (3333.HK) over unpaid commissions, according to a court filing and media reports, piling pressure on the developer as

Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower

Nigeria’s Vice President Yemi Osinbajo, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari as well the Publisher, THISDAY newspapers and Chairman, Arise News Channel, Prince Nduka

Nigeria’s South-south Governors Forum, on Monday, declared support for states’ collection of Value Added Tax (VAT) as ordered by a Federal High Court in Port Harcourt. The forum, comprising governors

The Lagos State Government on Monday demanded one per cent share of Nigeria’s federal revenue allocation formula, maintaining that the state’s unique features and its prosperity bear on development in

 Dangote Cement has awarded multi-million naira educational scholarships to over 115 students, while training 30 others on skill acquisition in tailoring and fashion designing in 15 host communities of its

Nigeria’s total amount of external reserves has increased by about $587.8 million in one week. According to the data published on the Central Bank of Nigeria (CBN) platform, the amount

TikTok in Europe has seen an increase of 545 percent to $170.8 million in revenue last year as advertisers upped their spending on the platform, according to a filing with

The Central Bank of Nigeria (CBN) on Sunday revealed that the importation of wheat costs the country about $2 billion annually, thereby exerting pressure on the country’s food import bill.

Aiteo Eastern Exploration and Production Company Limited has instituted a legal action against Shell Petroleum Development Company of Nigeria, seeking the sum of over $2.5 billion compensation over the sales

Positive clinical trial results for Merck & Co’s experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while denting high-flying shares of vaccine

Globacom, the second-largest telecoms operator in Nigeria by subscriber number and market share, has signed a deal with Eutelsat of France for satellite deployment in the Nigerian market. The business

As the world moves to tackle climate change, the International Oil Companies (IOCs), which insist on ramping up production of fossil fuels in Africa may face the risk of regulatory

Positive clinical trial results for Merck & Co’s experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while denting high-flying shares of