Business
RMAFC Boss Reveals Why New Revenue Formula is Delayed
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed the reasons behind the delay in submitting a new revenue-sharing formula to President Bola...
Business
CBN Unlocks Dormant Accounts: Beneficiaries Can Now Claim Funds!
In a significant policy shift, the Central Bank of Nigeria (CBN) has approved a process allowing next-of-kin, beneficiaries, and legal agents to claim funds...
Business
Kaduna Shuts Down North’s Last Surviving Mill Over N1.2bn Tax Debt
The Kaduna State Internal Revenue Service (KADIRS) has sealed the United Nigerian Textiles Limited (UNTL), the last operational textile factory in Northern Nigeria, over...
Business
Court Orders Reinstatement of Three Wrongfully Sacked CBN Staff
In a landmark ruling that has shaken the financial sector, the Court of Appeal has ordered the Central Bank of Nigeria (CBN) to reinstate...
Business
Bolt’s 50% Price Cut Sparks Major Uproar Among Drivers
A storm is brewing in the ride-hailing industry as app-based transporters are gearing up to protest a controversial 50% fare cut imposed by Bolt,...
Business
NDDC Fires Back: Palliatives Were Fairly Shared, No Foul Play!
The Niger Delta Development Commission (NDDC) has strongly dismissed allegations suggesting that relief materials meant for vulnerable groups in Cross River State were not...
Business
Drama as Bank Accuses EFCC of ‘Losing’ Seized Fraud Asset
A Nigerian bank has issued a stern ultimatum to the Economic and Financial Crimes Commission (EFCC), demanding that it produces a missing property seized...
Business
Billionaire Contractors Pocket N2.4bn for Abandoned Projects – BudgIT
A new report has unveiled the extent of corruption within Nigeria’s public project sector, revealing that contractors were paid a staggering N2.4 billion for...