Business

All the recent business news in Nigeria, economy and industry updates.

Company income tax soars to N2.47tr in 3 months

Company Income Tax (CIT) for the second quarter of 2024 increased to N2.47tr, a report by the National Bureau of Statistics has shown. The report stat

Legacy promo: UBA rewards customers with N17m

As part of ongoing activities to mark its 75th anniversary, the United Bank for Africa (UBA) Plc, has rewarded 30 loyal customers with over N17 millio

MSM Oil & Gas commissions new facility in Lagos

MSM Oil and Gas has marked a significant milestone in the oil and gas industry with the commissioning of its new facility in Lagos. At the commissioni

Assets conversion: NNPC Ltd, Chevron eye 165,000 bpd by December

In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd. a

No economic prosperity without security – NESG

The Nigerian Economic Summit Group (NESG) has stated that Nigeria’s desired economic growth may not be achieved unless the government acts on the curr