The devaluation of the naira last year took a big bite out of the revenues of two of the country’s biggest telecommunications companies. Airtel and MTN Nigeria lost N1.29 trillion to the devaluation. MTN posted a loss after tax of N137 billion for the 2023 financial year, although its service revenue grew by 22.4 percent…
It was a derby delight for Manchester City who came from a goal down to cruise to a comfortable win over rivals Manchester United, thanks to the star of the show Phil Foden who netted twice before Erling Haaland put the icing on the cake. It was a derby delight for Manchester City who came…
British finance minister Jeremy Hunt sought to dampen speculation about big pre-election tax cuts in this week’s budget, saying there had been a worsening in the economic outlook, but he hinted at some help for voters. The forecasts that underpin the budget “have gone against us,” Hunt told the Sunday Telegraph in comments that appeared…
The International Monetary Fund (IMF) has called on member countries to remain vigilant to the growth of cryptocurrency asset markets and their interlinkages with incumbent financial institutions. It warns that widespread adoption of crypto assets in low income countries could undermine the effectiveness of monetary policy, circumvent capital flow management measures, exacerbate fiscal risks, and…
Their Works Will Remain An Inspiration To Many’, Tinubu Mourns Mr Ibu, Sisi QuadriThe president described the actors as geniuses who through their art brought joy and relief to millions of Nigerians. He also commiserated with the Actors Guild of Nigeria, Theatre Arts and Motion Pictures Practitioners Association of Nigeria (TAMPAN), and the entire creative…
The Federal Government said it has made a payment exceeding $120 million from the $1.3 billion due to gas suppliers, in a bid to stimulate gas production in the country. Mr. Ed. Ubong, the Director of the Decade of Gas Secretariat, stated at the 7th Edition of the Nigeria International Energy Summit (NIES 2024) on Thursday…
President Bola Tinubu, on Thursday, threw a jab at the Nigeria Labour Congress over the unions’ strikes, saying calling for four industrial actions against an administration that is barely nine months old is unacceptable. Tinubu, who stated this at the unveiling of Phase One of the Lagos Rail Mass Transit Red Line at the Ikeja…
