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Economy
Musk Eyes Buying Disney Shares If Peltz Gets Elected To Board
Elon Musk said Wednesday he would buy Disney (DIS) shares should activist investor, Nelson Peltz manage to get a seat on the media and entertainment giant’s board.
“Nelson Peltz should definitely be on the Disney board! He would help…
Lagos To London: FG Says Launch Of Airpeace Flight To Bring Succour To Nigerian Travelers
The Federal Government (FG) has said the launch of the Maiden Airpeace Flight from Lagos to London is part of efforts to bring succour to Nigerian travellers.
The Minister of Aviation, Festus Keyamo commended the introduction of the Air…
Payment For MDAs: Remita Was Selected Based On Merit – CBN Tells Reps
The Central Bank of Nigeria (CBN) has justified its selection of Remita to provide an electronic platform essential for facilitating payments from Ministries, Departments, and Agencies (MDAs) to beneficiary accounts across commercial banks.…
FG Eyes N5trn VAT In 2024, Lack Of Trust Identified As Cause Of Low Tax
The Federal Inland Revenue Service (FIRS) has said that the Federal Government is eyeing a Value Added Tax (VAT) of N5 trillion in 2024, while also putting mechanisms in place to close identified tax gaps.
It also said that the FG was…
Dangote, Elumelu Listed Members As Tinubu Constitutes Economic Coordination Council
President Bola Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) to tackle the prevailing economic challenges in the country.…
Forex Crisis Plunges 50,000 Intending Pilgrims Into Confusion
The fate of about 50,000 prospective pilgrims for this year 2024 pilgrimage to Saudi Arabia now hangs in the balance over the hike of the travel fare by N1,918,032.91 by the National Hajj Commission (NAHCON).
The N1,918,032.91 is in…
President Tinubu Approves Renewed Hope Infrastructure Development Fund
President Bola Tinubu has approved the Renewed Hope Infrastructure Development Fund to facilitate effective infrastructure development across the pivotal areas of agriculture, transportation, ports, aviation, energy, healthcare, and…
Boeing CEO To Step Down In Overhaul Sparked By Safety Crisis
Boeing Co. announced sweeping changes to its leadership, including its chief executive officer, after a safety crisis spiraled in recent months.
CEO Dave Calhoun will exit at the end of 2024, while Chairman Larry Kellner will not stand…
Oyo Commissions 32.2km Of 110km Circular Road Project
The 32.2 km road in the South-East Wing of the 110km Circular Road project inherited from the former administration of late governor Isiaka Ajimobi is ready for commissioning.
The road in the southeast wing of the four-section project…
Amidst Global Contraction, Intra-African Trade Increased By 6% In 2023 – UNCTAD
While Global trade contracted 3%, with hopes to rebound in 2024, intra-African trade increased by 6 percent in 2023.
The United Nations Conference on Trade and Development (UNCTAD) disclosed this in its latest Global Trade Update.…