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Latest News in Nigeria - Page 23

Why Trump’s Tax Reforms May Reduce Foreign Direct Investment in Nigeria

Tinubu Drops France, Awards Military Deal To U.S. Under Trump’s Influence

President Bola Tinubu has overturned an earlier decision to award a military contract to French defence firms, instead opting for U.S.-manufactured rifles. The move has reshaped Nigeria’s defence procurement strategy and heightened diplomatic tensions with France. The rifles will be assembled in

February 13, 2025

Business·News·Real Estate

Top Locations To Invest In Rental Properties

The real estate market in Lagos is attracting investors looking for high returns in 2025. With an increasing population and a growing middle class, rental properties remain a profitable investment. While island locations like Lekki continue to be prime destinations, some mainland

February 13, 2025

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigeria’s Stock Market Gains N779bn As NGX Rises By 1.17%

Nigeria’s stock market gained N779 billion on Wednesday after rising by 1.17%. This marks its highest daily gain since the start of the month. The surge was largely driven by stocks such as Transcorp Hotels, VFD Group, Eterna, Ikeja Hotel, and Honeywell

February 13, 2025

Business·News

NLC Demands Reversal Of 50% Telecom Tariff Hike, Threatens Nationwide Shutdown

The Nigeria Labour Congress (NLC) has strongly criticised the recent 50% increase in telecommunications tariffs, implemented by service providers, despite prior agreements with the Federal Government and the Nigerian Communications Commission (NCC). In a communiqué issued after its Central Working Committee (CWC)

February 12, 2025

List Of Countries Where Work Visa Requirements Are Similar

Business·News

List Of Easiest Countries To Get Work Visa

Relocating to another country for work requires obtaining a work visa. However, the process of getting a visa varies from country to country. Some nations have simplified visa requirements to attract skilled workers and fill gaps in their labor markets. A work

February 12, 2025

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Eterna, Ikeja Hotel, Others Push Nigeria’s Equity Market Index Up

Nigeria’s equity market moved into positive territory on Tuesday, gaining 0.65% as investors showed interest in stocks such as Eterna, Ikeja Hotel, and Honeywell Flour Mills. The market added N426 billion, lifting the Nigerian Exchange Limited (NGX) All-Share Index (ASI) from 105,891.33

February 12, 2025

Customs FX Rate For Import Duties Drops Again To N1,147/$

Business·News

Nigeria’s Customs Suspends 4% FOB Charge After Talks With Business Leaders

Nigeria’s Customs Service has decided to put a hold on the proposed 4% charge on imported goods. The decision came after discussions with Finance Minister Olawale Edun and business leaders who expressed concerns about the impact of the fee on trade. The

February 11, 2025

SERAP Urges Tinubu To Suspend ATM Fee Increase Amid Legal Challenge

Business·Finance & Economy·News

CBN Announces New ATM Transaction Fees Effective March 1, Sparks Outrage Among Nigerians

The Central Bank of Nigeria (CBN) has announced new charges for Automated Teller Machine (ATM) transactions, set to take effect from March 1, 2025. The revised charges will affect cash withdrawals across different banking channels, including on-site ATMs and those operated by

February 11, 2025

Business·News·Oil & Gas

Why Monopoly Should Be Discouraged— Oil Marketers

Oil marketers in Nigeria, under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have called for a fair and competitive petroleum market where all players, including refiners, importers, depot owners, and retail outlets, can operate without restrictions. They emphasized that

February 11, 2025

Renewal Of MTN Nigeria Spectrum Lease With NTEL Boosts Connectivity Across States

Business·News

MTN Implements 50% Tariff Increase, Raises Data Prices

Nigeria’s largest telecommunications company, MTN, has begun implementing a 50% tariff increase on its data plans. The price adjustment, which was approved by the Nigerian Communications Commission (NCC) in January, does not affect call and SMS rates at the moment. A senior

February 11, 2025

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Latest News in Nigeria - Page 23

Tinubu Drops France, Awards Military Deal To U.S. Under Trump’s Influence

Top Locations To Invest In Rental Properties

Nigeria’s Stock Market Gains N779bn As NGX Rises By 1.17%

NLC Demands Reversal Of 50% Telecom Tariff Hike, Threatens Nationwide Shutdown

List Of Easiest Countries To Get Work Visa

Eterna, Ikeja Hotel, Others Push Nigeria’s Equity Market Index Up

Nigeria’s Customs Suspends 4% FOB Charge After Talks With Business Leaders

CBN Announces New ATM Transaction Fees Effective March 1, Sparks Outrage Among Nigerians

Why Monopoly Should Be Discouraged— Oil Marketers

MTN Implements 50% Tariff Increase, Raises Data Prices

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Police Deny Assassination Attempt on Lt. Yerima as Military Heightens Patrols in Kubwa

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Latest News in Nigeria - Page 23

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