CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector drives growth while manufacturing faces challenges.
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CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector dominates while manufacturing faces challenges.
VAS Operators See 25% Growth, Revenue Hits N83bn
Nigeria's Value-Added Service market exploded in 2024, recording a 25% subscription surge and a massive 470% revenue increase. Discover the drivers behind this telecom boom.
Reps Probe 17 Years of Power Sector Investments
Nigerian House of Representatives launches a full-scale investigation into all power sector investments and reforms from 2007 to 2024, vowing to correct 17 years of failure.
Reps Probe Billions Lost in Oil, Agriculture, Properties
The House of Representatives launches a major investigation into massive revenue leakages in Nigeria's oil sector, Anchor Borrowers' Programme, and over 11,000 abandoned federal properties valued at N20 trillion.
Nigeria's MVNOs Struggle: GSMA Demands Action
Two years after licensing 43 MVNOs, only two are operational in Nigeria. The GSMA warns that regulatory enforcement and commercial protection are vital for success. Discover the challenges.
Midwestern Oil Names First Female CEO
Midwestern Oil and Gas makes history by appointing Engr. Elozino Olaniyan as its first female CEO. With 30+ years experience, she will drive governance reforms and sustainable growth in Nigeria's energy sector.
Zenith Bank to Acquire Paramount Bank in Kenya
Zenith Bank Plc is set to enter the Kenyan market by acquiring Paramount Bank, marking a strategic step in its pan-African expansion. The deal awaits regulatory approval from Nigerian and Kenyan authorities.
FG Pays N10m Interest-Free Loans to Varsity Staff
Federal Government disburses N10 million interest-free loans to tertiary institution staff. Over 9,000 workers receive payments in first batch with 12-month moratorium.
Nigeria's $14.23bn Sanitation Economy by 2030
Vice President Shettima urges accelerated action to tap Nigeria's $14.23 billion sanitation economy potential by 2030. Learn how this impacts public health and national development.
Emadeb Records First Oil Production from Ibom Field
Emadeb Exploration and Production Company Limited has commenced commercial oil production from Ibom Field PPL 236, marking a significant milestone for Nigeria's upstream oil sector and indigenous operators.
Expert: Nigeria must break systemic poverty barriers
Economic experts warn Nigeria must reform its power sector, strengthen capital markets, and overhaul institutions to escape systemic poverty and achieve prosperity.
Two Arrested for Diesel Theft at Bauchi Telecom Mast
NSCDC arrests two men for stealing 600 litres of diesel from MTN mast in Bauchi. Suspects confessed to year-long theft operation. Read full details.
Interswitch Advances Digital Health Solutions in Nigeria
Interswitch reaffirms commitment to digital transformation in Nigeria's healthcare sector with innovative solutions HIMS, eClinic, and Smarthealth at CCMDFTH conference.
FG Targets ₦4.8tr Yearly Gain in Health Revamp
The Federal Government plans to save ₦4.8 trillion yearly and reverse ₦850bn medical tourism spending through its Health Sector Renewal Investment Initiative (HSRII).
Solar Tech and Data Science Can Fix Nigeria's Power
Data scientist Daniel Ezekiel reveals how integrating solar technology with data analytics can solve Nigeria's electricity crisis. Discover the potential for energy independence.
New Telecom Operator Offers Free Business Services
Vitel Wireless begins nationwide operations in Nigeria, providing free internal calls and SMS for businesses alongside innovative tracking tools SecureMe and Oga-App.
China Retail Sales Growth Slowest in Over a Year
China's retail sales grew at just 2.9% in October 2025, the slowest pace in over a year, highlighting persistent consumer challenges. Discover the economic implications.
Alstom's Profits Surge on Global Rail Demand
French rail giant Alstom posts a net income of €220 million in H1 2025-2026, driven by strong global demand for trains and infrastructure. Revenue growth forecast upgraded.
NUPRC's 2025 Oil Licensing Round Ignites Confidence
Nigeria's 2025 oil licensing round announced by NUPRC marks turning point for energy sector. Global investors show renewed interest as reforms boost transparency and production targets.
Northern Leaders Applaud Tinubu's Oil and Gas Reforms
Stakeholders at North West civic conference commend President Tinubu for Petroleum Industry Act implementation, citing transparency and investment growth. Read more.
Nigeria's Electricity Customers Rise to 11.96 Million
Nigeria's active electricity customers increased to 11.96 million in August 2025, with a metering rate of 55.01%. Discover the latest NERC data and which DisCos are leading.
PPDC Empowers 20,000+ Detainees in Justice Reform
The PPDC transforms Nigeria's justice landscape through groundbreaking legal aid initiatives, securing freedom for thousands and driving systemic reforms nationwide.
Nigeria's Oil Production to Jump 1M Barrels with EMEM FPSO
Nigeria's oil industry receives major momentum as the EMEM FPSO initiative promises to revolutionize production capacity, adding one million barrels per day to national output and strengthening economic growth.
Matrix Energy Appoints Umunna as Group DMD
In a strategic move to accelerate growth, Matrix Energy Group has announced the appointment of Chukwunonso Umunna as Group Deputy Managing Director, bringing over 15 years of energy sector expertise to drive the company's expansion agenda across Nigeria a
68% of Nigerians bypass electricity meters - FG
Federal Government exposes massive electricity theft as majority of consumers illegally bypass prepaid meters, costing billions in revenue losses and threatening power sector stability.
FiberOne Launches Major Network Upgrade in Nigeria
FiberOne Broadband announces groundbreaking Next-Generation Network upgrade, promising faster speeds and enhanced reliability for Nigerian businesses and homes.
Northern Industries Back 15% Power Tariff Hike
Major northern industrial associations endorse new electricity tariff, citing long-term economic benefits despite initial cost concerns for manufacturers and households.
Nigerian Businesses Ignoring Lekki Deep Sea Port - NPA
The Nigerian Ports Authority expresses deep concern as local importers and exporters fail to maximize Africa's deepest seaport, raising questions about economic priorities.
NMA Supports Doctors' Strike: 91 Hospitals Crippled
The Nigerian Medical Association escalates support for resident doctors as nationwide strike enters seventh day, crippling healthcare services in 91 hospitals amid unresolved demands.
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