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Afrexim Bank Warns 5% Corporate Levy for Community Projects Could Prompt Company Exits
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
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’
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
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
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...
Business
President Tinubu Approves Development Bills for North-West and South-East Commissions
President Bola Tinubu just signed two important laws to help different parts of Nigeria grow faster. These are called the North-West Development Commission Bill of 2024 and the South-East Development Commission Bill of...
Business
‘Inside Out 2’ Hits $1.5 Billion, Becomes Highest-Grossing Animated Film Ever
Disney and Pixar’s “Inside Out 2” is a huge hit! This new animated movie has made over $1.46 billion at the box office since it came out last month. That's more money than any other animated movie...
Business
10 Top U.S. States Offering Promising AI Job Opportunities for Global Talent
In the United States, 10 states are really good at using Artificial Intelligence (AI). This is making more jobs for people.
AI is very important because it can do many things. States want to...
Business
Nigeria’s CAC Issues 90-Day Deadline for Over 91,000 Dormant Companies to Submit Annual Returns
Do you have a company that hasn't filed its yearly reports for a long time? The Corporate Affairs Commission (CAC) in Nigeria has announced it will give over 91,000 inactive companies a 90-day...
Business
Dangote Pursues Cement and Fertilizer Ventures in Gabon Amid Disputes with Nigerian Authorities
Africa’s richest man, Alhaji Aliko Dangote, went to Gabon because the President invited him to check out chances to invest in cement and fertilizers.
This visit happened while Dangote was having some issues with...
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EPL: Paul Merson “Not Surprised” by Man Utd’s Decision to Sack Ten Hag
Paul Merson, a famous Arsenal player from the past, wasn't surprised when Manchester United fired their manager, Erik ten...