Zenith Bank Plc has announced an extension of its current rights issue and public offer, which was originally set to close on Monday, September 9, 2024. The new closing date has been extended by an additional two weeks, to September 23, 2024. This extension was disclosed in a notice to[Read More…]
Author: Godwin Anyebe
In Unprecedented Feat, Nigeria Raises over $900m in Domestic FGN US Dollar Bond
In an unprecedented move aimed at strengthening the economy and advancing financial inclusion, the Federal Government has raised over $900million from its first-ever Domestic Federal Government of Nigeria (FGN) US Dollar Bond issuance. The Debt Management Office (DMO) described the achievement as a pivotal step in Nigeria’s economic development. The[Read More…]
Stanbic IBTC lifts 136 children with prosthetic limbs
Stanbic IBTC Holdings, a subsidiary of the Standard Bank Group, has assisted 136 children without limbs with prosthetic limbs as part of its commitment to societal welfare and support for underprivileged children. The children were assisted through its flagship Corporate Social Investment (CSI) initiative, the Together4ALimb which 10th anniversary was[Read More…]
Ministry of Arts, Culture, and Creative Economy Partners with Nigeria’s Got Talent Season 3 to Boost Talent Development
L-R: Director General, National Council For Arts and Culture (NCAC), Mr. Obi Asika, Minister for Arts, Culture and Creative Economy Barrister Hannatu Musawa, Principal Consultant, Pure Imagination and Filmworks Ltd, Mr. Rotimi Pedro The Ministry of Arts, Culture, and Creative Economy has announced a partnership with Pure Imagination Production &[Read More…]
Scoring Big: The Rising Opportunities in Nigeria’s Sports Business Sector
By Godwin Anyebe The Nigerian sports industry is steadily evolving into a multi-billion-dollar sector, offering significant opportunities for businesses, investors, and stakeholders. Traditionally dominated by football, Nigeria’s sports landscape is diversifying, opening new avenues for growth in various sports and related industries, from infrastructure development to sports marketing and management.[Read More…]
Reshaping Nigeria’s Economy: Navigating the Future Amid Global Shifts and Domestic Challenges
By Godwin Anyebe Nigeria, Africa’s largest economy, stands at a crossroads as it navigates the complex terrain of global economic shifts and domestic challenges. With its vast resources and a young, dynamic population, the country has significant potential for growth and development. However, the path forward requires a strategic approach[Read More…]
No Industry in Ebonyi State: Assessing Umahi’s 8-Year Legacy Through Nwifuru’s Lens
By Godwin Anyebe Governor Francis Nwifuru’s recent statement that there is “no industry in Ebonyi State” has sparked a critical examination of the eight-year tenure of his predecessor, David Umahi. Umahi, who led Ebonyi from 2015 to 2023, is often celebrated for his ambitious infrastructure projects. His administration saw the[Read More…]
What’s Next as Dangote Refinery Gains Approval to Sell Petrol Directly to Marketers?
By Godwin Anyebe The recent announcement that the Dangote Refinery has gained approval to sell petrol directly to marketers marks a significant shift in Nigeria’s oil and gas landscape. As the largest refinery in Africa, the Dangote Refinery has been hailed as a potential game-changer for a nation that has[Read More…]
Taxing Times: Navigating Nigeria’s New Fiscal Landscape Amid Economic Pressures
By Godwin Anybe Nigeria’s economic environment has undergone significant shifts in recent years, driven by fluctuating global oil prices, inflationary pressures, and a growing demand for government revenue. Amid these challenges, the recent introduction of a new tax policy has sparked widespread debate among businesses, economists, and policymakers. The government’s[Read More…]
Government’s New Tax Policy Sparks Debate: Businesses Brace for Impact
By Godwin Anyebe As the Nigerian government unveils its latest tax reforms aimed at bolstering revenue generation, businesses across the country are grappling with the potential implications. The new policy, designed to increase the government’s income to address infrastructure deficits and expand social services, has sparked heated discussions within the[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]