OTHER BUSINESSES

  The presidency, through its Committee on Fiscal Policy and Tax Reforms, has announced that there is a need to increase the value-added tax (VAT) rate. Chairman of the committee, Taiwo Oyedele, disclosed this while informing Nigerians the VAT revenue-sharing formula would be reviewed. He spoke at a policy exposure...

  In a move aimed at providing relief to its customers, Ikeja Electric Distribution Company (IE) has announced a significant reduction in electricity tariff for customers under Band A category. Effective May 6, 2024, customers in this category will now pay N206.80/kWh, down from the previous rate of N225/kWh as...

The Competition and Consumer Protection Tribunal in Abuja, has ordered that its interim order, restraining MultiChoice Nigeria Limited from increasing the DSTV tariff, be pasted at the firm’s corporate headquarters, or any known address of the branches across Nigeria. The chairman of the tribunal, Saratu Shafii, who made the order...

The Nigeria Football Federation (NFF) has officially appointed former ace winger Finidi George as Super Eagles Head Coach following the recommendation of its Technical and Development Committee. According to reports,  NFF has narrowed down its choices to three local coaches: Finidi George, Emmanuel Amuneke, and Daniel Amokachi. Finidi who served...

  President Bola Tinubu recently approved the takeoff of the first phase of the Consumer Credit Scheme.   According to a statement on Wednesday, the Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly...

Multichoice Nigeria, a prominent Pay-TV operator, has once again announced a price increase for its DStv and GOtv packages, this time by at least 25%. This marks the third increment since last year, following the initial adjustment implemented on May 1, 2023. Multichoice stated that the latest increase will take...

  The Ministry of Aviation and Aerospace Development has ordered the Nigeria Civil Aviation Authority (NCAA) to suspend Dana Airlines operations until the financial and health audit of the airline is done. The order was sequel to the incident involving a Dana Air plane at Lagos airport yesterday which forced...

  wants attention shifted to all bad roads across Nigeria The 2023 presidential flag bearer of the Labour Party, Mr. Peter Obi has faulted the Lagos-Calabar Coastal Highway Project by the Federal Government, saying the timing was wrong and that the project was not a priority. Obi, therefore, wants an...

Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, have restarted production from the Awoba field which...

    The management of ARISE News Channel has announced that the cable news network has gone live in South Africa, Angola and Botswana, and seven other countries in Southern Africa, on Multichoice/DSTV Channel 416. The other countries are Lesotho, Malawi, Mozambique, Namibia, Swaziland, Zambia and Zimbabwe. In a statement...