Business

Nigeria’s planned introduction of excise tax stamps on alcoholic and soft drinks has sparked opposition from manufacturers, who warn that the measure could increase production costs, worsen inflation and dampen consumer demand at a time when purchasing power is already at record lows. The policy, introduced under the federal government’s excise compliance framework, requires all excisable products to bear tax …

The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday withdrew criminal charges filed against MultiChoice Nigeria Limited and its top officials after the parties resolved their differences. FCCPC lawyer Daniel Amadi told the Federal High Court shortly after the matter was referred for arraignment against the defendants. He said the commission submitted a withdrawal notice on August 16. Amadi …

Investors in the Nigerian equity market obtained N110 billion at the closing of Tuesday’s trading. This follows the surge in stock prices, such as Cornerstone Insurance, Consolidated Hallmarks PLC and PLC chams on the stock exchange floor. The All-Share Index (ASI) reference index jumped to 144,995.26 points from 144,822.77 points recorded on the previous day. After five hours of trading …

NGO is established to improve life for Nigerian prisoners after serving in correctional centres A non-governmental organization, public awareness on the rights and rehabilitation of vulnerable persons initiative (Par-RPV initiative) has ensured a more post-prison life for inmates in Nigerian correctional entries across the country. The NGO said it will target its satellite on inmates who show ample evidence of …

Emefiele in one of his court appearances The trial of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, took a new turn on Tuesday as the Ikeja Special Offenses Court was informed that its order for a forensic examination of a central mobile phone in the case has stalled due to procedural disagreements between the parties. Presiding over the …

The trial of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, on $4.5 billion fraud charges suffered a setback on Tuesday after a heated clash between the Economic and Financial Crimes Commission (EFCC) and the defense team over the forensic examination of a mobile phone tendered as key evidence. At the resumption of hearing before Justice Rahman Oshodi of …

The Minister of Finance and the Coordinating Minister for the Economy, Wale Edun, on Tuesday put aside the expansion of the budget in this year’s state fiscal space. The minister stated this in the plenary session titled “Imperative Reformation: Building a prosperous and inclusive Nigeria in 2030,” at the 31st Nigerian Economics Summit (NES #31) which was taking place in …

By Victor Osula, Abuja President Bola Tinubu has withheld assent to the Nigeria Institute of Transport Technology (Establishment) Bill, 2025, and the National Library Trust Fund (Amendment) Bill, 2025, citing fiscal inconsistencies and conflicts with existing government policies. In two separate letters read during Tuesday’s plenary by Senate President Godswill Akpabio, Tinubu said while the bills were well intentioned, some …

Prof. Yakubu says that technology, the excellence of the service remain the golden word of the inac By Raphael Ekpang Abuja (basic reporter) The president of the Independent National Commission (INC), Professor Mahmood Yakubu, said that the excellence of technology and service will remain at the center of his operations, ensuring that every Nigerian experience with the electoral organ is …

Post views: 223 Edited by SilverNewsWhen Nasarawa United announced the appointment of Mbwas Mbwas as a technical councilor, many have seen it as a declaration of intent by the club based in Lafia. Determined to reconstruct and compete again at the highest levels, the management turned to a man whose experience and calm authority …