Economy
-
Uwaleke urges FG to invest N1.1trn palliatives on sustainable jobs
President, Association of Capital Market Academics of Nigeria (ACMAN), Prof. Uche Uwaleke has called on the Federal Government to utilise the N1.1 trillion fuel subsidy removal palliatives on sustainable jobs across the 774 local government areas in the country. President Bola Tinubu on Wednesday in a letter to the National Assembly proposed amendment of 2022 Supplementary Appropriation Act with the…
Read More » -
NNPC intercepts 800,000l vessel with stolen crude oil
The Nigeria National Petroleum Corporation Ltd (NNPC Ltd) says it has intercepted an 800,000 litre capacity vessel with stolen oil. In a statement on Monday by Chief Corporate Communications OfficerNNPC Ltd. Garba Deen Muhammad, the vessel was intercepted by a private security contractor engaged by NNPC Ltd. According to the statement the vessel with the crude oil which was sourced…
Read More » -
Tinubu appoints Taiwo Oyedele Chairman of committee on tax reforms
President Bola Tinubu has approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms. The committee will be chaired by Fiscal Policy Partner and Africa Tax Leader at Price Waterhouse Coopers, Mr. Taiwo Oyedele. It will comprise experts from both the private and public sectors and have responsibility for the various aspects of tax law reform, fiscal…
Read More » -
Senate launches probe into private firm’s gas supply contract awarded by FG
The Senate announced on Thursday its decision to initiate a thorough investigation into a gas supply contract agreement that was awarded to a private firm, Acugas Limited, during the tenure of former President Muhammadu Buhari. The development followed a motion tabled by Aniekan Bassey (PDP, Akwa Ibom) during plenary, which was chaired by Deputy Senate President, Barau Jibrin. According to…
Read More » -
Senate moves against airports concession, orders probe
The Federal Government’s hasty concessioning of the Aminu Kano International Airport, Kano and Nnamdi Azikiwe International Airport, Abuja just six days before ex-President Muhammadu Buhari’s administration came to an has been condemned by the Senate. During plenary on Thursday, the Senate emphasised the importance of scrutinising all airport concessions undertaken by the previous administration. The red chamber also called on…
Read More » -
Tinubu signs four executive orders, relaxes major tax changes by Buhari administration
President Bola Tinubu has relaxed some tax changes put in place by former President Muhammadu Buhari in the twilight of his administration. Special Adviser to the President on Special Duties, Communications and Strategy, Dele Alake disclosed this while addressing the press on Thursday. Alake said the relaxation of the tax changes were interventions as a result of concerns of manufacturers…
Read More » -
Telecoms investment in Nigeria now $75.6bn, Danbatta declares
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has officially announced that the investment profile in the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local investment, has reached $75.6 billion as of 2021. Danbatta disclosed this at an interactive session with stakeholders in the communications media ecosystem, in Lagos on Wednesday…
Read More » -
No fuel subsidy payments have been made to marketers since 2016 – NNPC Limited
The Nigerian National Petroleum Company Limited (NNPCL) has said that it will reconcile fuel subsidy deductions with the Federal Government, after stating that no fuel subsidy payments were made to marketers since January 2016. The company stated this on Tuesday, when it posted a before and after fuel subsidy factsheet via their official account on Twitter. It is important to also note…
Read More » -
ALTON hails NCC boss for quality regulation
The Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Mr. Gbenga Adebayo, has praised the exceptional leadership of the Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta. He also commended the NCC’s commitment to quality regulation, attributing the success of the telecom industry in the country to the regulatory environment…
Read More » -
Our policies will favour investors, Tinubu assures Shell directors
President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment. The President spoke Monday while receiving the delegation of the Shell Petroleum Development Company (SPDC) led by the Global Upstream Director, Ms Zoe Yujnovic at the State House, Abuja. President Tinubu welcomed the SPDC’s offer for more…
Read More »
Follow our WhatsApp Channel