The Corporate Affairs Commission (CAC) has announced that it will begin implementing new service charges starting from August 1, 2025. The agency said the fee adjustment became necessary due to …
GOVERNMENT
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EconomyFinance & ServicesGOVERNMENTNigeria
FG, States, LGs Share N1.659trn FAAC Revenue for May 2025
The Federal Government, State Governments, and Local Government Councils have shared a total revenue of ₦1.659 trillion for the month of May 2025, according to a communiqué issued at the …
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CorruptionGOVERNMENTInfrastructureTransportation & Logisitics
FG Cancels N35bn Benin-Warri Road Contract
The Federal Government has officially terminated the N35 billion contract awarded for Section 1 (Benin-Imasabor) of the Benin-Sapele-Warri highway project, citing gross non-performance by the contractor, Levant Construction Limited. The …
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EconomyFinance & ServicesGOVERNMENTOil & Gas
Senate Gives NNPCL One Week to Explain N210tn Financial Discrepancy
The Senate of the Federal Republic of Nigeria has given the Nigerian National Petroleum Company Limited (NNPCL) a one-week ultimatum to provide clear explanations for alleged discrepancies amounting to over …
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The Chief Executive Officer of the Nigerian Economic Summit Group (NESG), Tayo Aduloju, has expressed concern over the slow pace of digital adoption by electricity distribution companies (DisCos) and government …
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EconomyEnvironmentGOVERNMENTInfrastructurePolitics
R67 Billion Later, Limpopo’s Musina-Makhado Special Economic Zone Lies Idle
Seven years after its grand unveiling by South African President Cyril Ramaphosa, the multi-billion rand Musina-Makhado Special Economic Zone (MMSEZ) in Limpopo province is now under heavy scrutiny. Despite major …
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DevelopmentEastern AfricaEconomyFinance & ServicesGOVERNMENTPolitics
President Samia Orders Councils to Boost Tax Collection
President Samia Suluhu Hassan has directed all local councils in Tanzania to increase efforts in collecting taxes and levies, stressing the urgent need for the country to grow financially independent …
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The Osun State Government has accused top officials at the Central Bank of Nigeria (CBN) and the Office of the Accountant General of the Federation of planning to divert statutory …
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AfricaDevelopmentEconomyEnergyGOVERNMENTINVESTMENTOil & Gas
Tinubu to Speak at African Energy Week in South Africa
President Bola Ahmed Tinubu will deliver a keynote address at the 2025 edition of African Energy Week (AEW) in Cape Town, South Africa. The event, which will take place in …
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BusinessEastern AfricaEconomyFinance & ServicesGOVERNMENTNewsPoliciesTechnology
East African Nations Urged to Embrace Digital VAT Reforms
Tax experts and policy makers have called on East African countries to fully embrace digital systems in the collection of Value Added Tax (VAT) to improve compliance, close revenue gaps, …