Thursday, December 26, 2024

Business News Today

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

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. ...

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

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...

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

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....

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

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...

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

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...

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...

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...

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...

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...

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...
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Latest News

Kogi: Tinubu's wife distributes 1,000 bags of rice to northern Christians

In her stated commitment to ensure that Nigerians celebrate Christmas and New Year with joy and happiness, the First...
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