- All News
- October 30, 2024
- 18 views
TikTok founder becomes China’s richest man
The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China’s richest person, the BBC reports. According to a rich list produced by the Hurun Research Institute, Zhang Yiming is now worth $49.3bn (£38bn) – 43 per cent more than in 2023. The 41-year-old stepped down from his role
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The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China’s richest person, the BBC reports. According to a rich list produced by the Hurun Research Institute, Zhang Yiming is now worth $49.3bn (£38bn) – 43 per cent more than in 2023. The 41-year-old stepped down from his role
- Biz & Economy
- October 30, 2024
- 23 views
Thirty-two states got most of their revenue from FAAC – Report
A new report shows that 32 of Nigeria’s 36 states depended heavily on federal government money last year, getting at read more Thirty-two states got most of their revenue from…
- Biz & Economy
- October 30, 2024
- 18 views
Six key provisions in Tinubu’s proposed tax bill
In early October 2024, President Bola Tinubu transmitted the Nigeria Tax Bill 2024 to the National Assembly. The bill is read more Six key provisions in Tinubu’s proposed tax bill
- All News
- October 30, 2024
- 22 views
Advantages of a weak naira
The meddlesome World Bank says that “By August 2024, the Ethiopian birr, the Nigerian naira, and Sundanese pound were among the worst (performing currencies) in the (African) region,” and added that “The naira continued losing value, with a year-to-date depreciation of about 43 per cent as of end-August.” The acknowledgement by banker Chika Mbonu that
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The meddlesome World Bank says that “By August 2024, the Ethiopian birr, the Nigerian naira, and Sundanese pound were among the worst (performing currencies) in the (African) region,” and added that “The naira continued losing value, with a year-to-date depreciation of about 43 per cent as of end-August.” The acknowledgement by banker Chika Mbonu that
- All News
- October 30, 2024
- 22 views
2025 budget: Tinubu submits MTEF to N’Assembly next week – Senate spokesman
President Bola Tinubu will submit the Medium Term Expenditure Framework and Fiscal Strategy Paper to the National Assembly next week, The PUNCH has learnt. The Senate, through its Finance Committee, is set to meet with key stakeholders in the finance sector, in preparation for the document’s submission. The MTEF, a legally required framework, establishes the
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President Bola Tinubu will submit the Medium Term Expenditure Framework and Fiscal Strategy Paper to the National Assembly next week, The PUNCH has learnt. The Senate, through its Finance Committee, is set to meet with key stakeholders in the finance sector, in preparation for the document’s submission. The MTEF, a legally required framework, establishes the
- All News
- October 30, 2024
- 19 views
NBA asks FG to address fuel price hike, economic hardship
The Nigerian Bar Association, Ikeja Branch, has called on the government to urgently reverse recent economic measures causing hardship for Nigerians, particularly the fuel price increase and power tariff hike. The association criticised the policies, describing them as “anti-people” and demanded that the administration take swift action to alleviate the economic burdens on citizens. The
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The Nigerian Bar Association, Ikeja Branch, has called on the government to urgently reverse recent economic measures causing hardship for Nigerians, particularly the fuel price increase and power tariff hike. The association criticised the policies, describing them as “anti-people” and demanded that the administration take swift action to alleviate the economic burdens on citizens. The
- All News
- October 30, 2024
- 15 views
Bandits seized military camp, sacked 23 communities – Niger Assembly
The Niger State House of Assembly has raised the alarm over the takeover of a military training camp in the state. The camp, located at the Nagwamase military cantonment in Kontagora, the headquarters of the Kontagora Local Government area of the state, is reportedly one of the biggest military training camps in the country. In
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The Niger State House of Assembly has raised the alarm over the takeover of a military training camp in the state. The camp, located at the Nagwamase military cantonment in Kontagora, the headquarters of the Kontagora Local Government area of the state, is reportedly one of the biggest military training camps in the country. In
- All News
- October 30, 2024
- 15 views
Biden phones Tinubu over UN security seats, Binance executive release
President Joe Biden of the United States, on Tuesday, conveyed his gratitude to Nigeria and President Bola Tinubu for the release of Binance executive, Tigran Gambaryan. The US President also assured Tinubu that the US was keen on securing permanent status for two African countries, including Nigeria, on the United Nations Security Council. Foreign Affairs
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President Joe Biden of the United States, on Tuesday, conveyed his gratitude to Nigeria and President Bola Tinubu for the release of Binance executive, Tigran Gambaryan. The US President also assured Tinubu that the US was keen on securing permanent status for two African countries, including Nigeria, on the United Nations Security Council. Foreign Affairs
- Biz & Economy
- October 30, 2024
- 20 views
‘Tinubunomics’ meets IFRS 9: What it means for Nigeria’s financial future
The popular mantra within the political space is that “elections have consequences.” This saying has become more apparent with the read more ‘Tinubunomics’ meets IFRS 9: What it means for…
- All News
- October 30, 2024
- 19 views
Makinde to unveil 3,000-hectare agribusiness hub
Oyo State Governor, Seyi Makinde, will in November break the ground for a 3,000-hectare agribusiness industrial hub in Eruwa, Ibarapa East Local Government Area of the State. Director General of Oyo State Agribusiness Development Agency, Dr Debo Akande, disclosed this in an exclusive chat with The PUNCH. The disclosure came in response to questions about
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Oyo State Governor, Seyi Makinde, will in November break the ground for a 3,000-hectare agribusiness industrial hub in Eruwa, Ibarapa East Local Government Area of the State. Director General of Oyo State Agribusiness Development Agency, Dr Debo Akande, disclosed this in an exclusive chat with The PUNCH. The disclosure came in response to questions about
