Business

Nigeria’s Accountant General of the Federation, Oluwatoyin Madein, has attributed the delay in the release of the 2022 Consolidated Financial Statement (CFS) to challenges in reconciling the Consolidated Revenue Fund (CRF) bank statement with the Central Bank of Nigeria (CBN). Madein provided this clarification during an oversight visit by the House of Representatives Committee on

The Nigeria Customs Service (NCS) at the Murtala Muhammed International Airport has exceeded its revenue target for 2024, generating a total of N71.6 billion. This marks a significant achievement for the command, surpassing its initial target of N56.861 billion. Customs Area Controller (CAC) Effiong Harrison made the announcement on Friday, expressing his delight over the

Akinwumi Adesina, president of the African Development Bank (AfDB), announced that Nigeria attracted $7.6 billion in investment interests during the Africa Investment Forum 2024, held in Rabat, Morocco, from December 4-6. Adesina, a former Nigerian agriculture minister, shared the news in a statement posted on his X handle over the weekend, expressing his optimism about

Nigeria’s Federal Government and 21 states have collectively set an ambitious Value Added Tax (VAT) revenue target of approximately N2.53 trillion for 2025, a substantial 65.8% increase compared to the N1.527 trillion projected in 2024. The figures, derived from reports by the Federation Account Allocation Committee (FAAC) spanning October 2023 to March 2024, highlight an

Lagos, Nigeria – Flour Mills of Nigeria Plc (FMN), the nation’s leading food and agro-allied company, has officially relaunched the iconic Honeywell brand, unveiling a bold new identity, upgraded product quality, and refreshed packaging to meet evolving consumer needs. The relaunch event, held in Lagos, marks a significant milestone for Honeywell, a brand synonymous with

Lagos, Nigeria – Block, Inc., the global technology company focused on financial services, has announced the winners of the TBD Hackathon, an initiative aimed at fostering technological innovation and advancing payment solutions across Africa. Emmanuel Kufre, a Nigerian developer, emerged as the grand prize winner, securing $15,000 in Bitcoin for his project, Blink – a