Friday, November 29, 2024
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Business

AGF Warns Local Government Chairmen of Jail Time for Tampering with FAAC Allocations

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Main Points Attorney General Fagbemi says local leaders who misuse money for their areas will face jail. Supreme Court says local areas should get their money directly, not through states. ...
Business

Germany Intends to Slash Taxes by Up to 30% for Foreign Skilled Professionals

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Germany is thinking about cutting taxes for skilled workers from other countries who come to work there. The tax cuts will be 30%, 20%, or 10%. This is to encourage skilled workers to move to...
Business

Shoprite Holdings Acquires Majority Stake in Delta, Asaba, and Owerri Malls in Nigeria

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In their 2023 financial report, Resilient REIT shared big news. They sold their part of Resilient Africa, a joint venture with Shoprite Holdings. This partnership owned malls in Delta, Asaba, and Owerri. These shopping malls opened between 2015 and 2016....
Business

Nigerian Artists Confront Uncertainty Amid Universal Music’s Decelerating Streaming Growth

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Universal Music Group (UMG), the biggest music company backing Don Jazzy's Mavin Records, saw its stock go down by over 20% due to tough competition in the...
Business

Tinubu Pursues Technology Transfer from China to Enhance Nigeria’s Infrastructure

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Key Points President Bola Tinubu of Nigeria wants China to share their technology to help with Nigeria's buildings and overall growth in Africa. Tinubu praised China's tech advancements and wants to learn from them to improve skills and knowledge...
Business

Afrexim Bank Warns 5% Corporate Levy for Community Projects Could Prompt Company Exits

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A new report by Afrexim Bank says that a 5% tax on companies making over N100 million will make big businesses leave Nigeria. These companies will need to spend the money on community projects.The report, called “Monthly Developments in...
Business

U.S. Establishes Cybersecurity Office in Abuja to Enhance Collaboration with EFCC

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The United States made a big move to help Nigeria with cybersecurity. They set up a special office in their embassy in Abuja, Nigeria. The news came from Mr. Richard Mills Jr., who is the new...
Business

Nigeria’s Human Rights Writers Association Deems Multi-Billion-Naira Vice President’s Residence Project a ‘Misjudgment’

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The Human Rights Writers Association of Nigeria (HURIWA) thinks building a very expensive home for the Vice President of Nigeria is a big mistake by the country's...
Business

Former Lagos Commissioner Tunji Bello Takes On New Role as FCCPC Head

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A former Lagos Commissioner, Mr. Tunji Bello, started his new job on Thursday as the Chief Executive Officer and Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC).Bello took on this role a month after President Bola...
Business

Nigerian Artists Confront Uncertainty Amid Slower Streaming Growth at Universal Music

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Universal Music Group (UMG) is a big company that works with famous singers like Taylor Swift and Justin Bieber. They also support Don Jazzy's Mavin Records. Recently, UMG's shares dropped by more than...
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Nigeria's population could rise to 450 million by 2050: experts

Experts have expressed concern about the possible increase in Nigeria's population, which could reach 450 million by 2050 if...
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