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The oil and gas industry in Nigeria got a boost with the official inauguration of the Nigerian Content Research and Development Fund and its council by the Minister of State for Petroleum Resources, Timipre Sylva, on Thursday. The council aims to drive the Nigerian Content Development and Monitoring Board’s intervention in research and development. The…
September 10, 2021
Orders Parties To Maintain Status Quo Hours after Lagos joined Rivers to enthrone a Value Added Tax Law, the Court of Appeal Abuja Division has ordered all the parties to maintain the status quo. The court order was specifically directed against the Rivers Government, the Federal Inland Revenue Service (FIRS) and the Attorney-General of the…
September 10, 2021
Nigeria spent a total of N601.51 billion on the importation of motor vehicles in the first half of the year, a report by the National Bureau of Statistics (NBS) has revealed. The report disclosed that the figure represents a 15% increase compared to N523.57 billion recorded in the same period in 2020. Further breakdown of…
September 8, 2021
Lagos, Akwa Ibom and Adamawa have joined the Rivers State Government to stop the Federal Government from collecting Value Added Tax, VAT. According to the Director-General, Media and Communications, Adamawa State Government, Solomon Kumangar, the collection of VAT by the states will reduce the dependency of a lot of states on federal allocation. The Akwa…
September 8, 2021
The Equities market of the Nigerian Exchange (NGX) Limited has been ranked as the best investment asset class to hedge against inflation from August 2020 to August 2021. The Financial Derivatives Company (FDC) disclosed in the inflation vs investment return data released for August, on Sunday, in Lagos. Among the four asset classes tracked by…
September 6, 2021
The federal government through the Nigerian Communications Commission (NCC) has directed all telecommunications providers to shut down services in Zamfara for 14 days to address the heightening concerns of insecurity in the state. A memo signed on Friday by the Vice-chairman of the NCC, Professor Umar Danbatta disclosed this. It was addressed to the telecoms…
September 4, 2021
Estimated price tag has more than doubled in eight years National petroleum company is buying 20% stake in the project A giant oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will cost more than double the amount originally projected. “Our capex will almost go to $19…
September 4, 2021
The Embassy of Nigeria in Bangkok, Thailand under the focused leadership of His Excellency, Ambassador Oma Djebah has advanced steps towards attracting sustainable agro-investments to Nigeria by boosting agricultural partnerships and cooperation between Nigerian and Thai agro-allied business owners. To actualize this goal in line with the federal government’s policy of ensuring food security and…
September 4, 2021
Nigeria's Gross Domestic Product (GDP) has recorded the strongest performance in over six years (since 2014), mustering third consecutive quarterly growth as the nation’s economy grows by 5.01% (year-on-year) in real terms, latest report released on Thursday by the National Bureau of Statistics (NBS) has shown. In the latest growth, the non-oil sector contributed 92.58%…
August 26, 2021
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The oil and gas industry in Nigeria got a boost with the official inauguration of the Nigerian Content Research and Development Fund and its council by the Minister of State for Petroleum Resources, Timipre Sylva, on Thursday. The council aims to drive the Nigerian Content Development and Monitoring Board’s intervention in research and development. The…
September 10, 2021
Orders Parties To Maintain Status Quo Hours after Lagos joined Rivers to enthrone a Value Added Tax Law, the Court of Appeal Abuja Division has ordered all the parties to maintain the status quo. The court order was specifically directed against the Rivers Government, the Federal Inland Revenue Service (FIRS) and the Attorney-General of the…
September 10, 2021
Nigeria spent a total of N601.51 billion on the importation of motor vehicles in the first half of the year, a report by the National Bureau of Statistics (NBS) has revealed. The report disclosed that the figure represents a 15% increase compared to N523.57 billion recorded in the same period in 2020. Further breakdown of…
September 8, 2021
Lagos, Akwa Ibom and Adamawa have joined the Rivers State Government to stop the Federal Government from collecting Value Added Tax, VAT. According to the Director-General, Media and Communications, Adamawa State Government, Solomon Kumangar, the collection of VAT by the states will reduce the dependency of a lot of states on federal allocation. The Akwa…
September 8, 2021
The Equities market of the Nigerian Exchange (NGX) Limited has been ranked as the best investment asset class to hedge against inflation from August 2020 to August 2021. The Financial Derivatives Company (FDC) disclosed in the inflation vs investment return data released for August, on Sunday, in Lagos. Among the four asset classes tracked by…
September 6, 2021
The federal government through the Nigerian Communications Commission (NCC) has directed all telecommunications providers to shut down services in Zamfara for 14 days to address the heightening concerns of insecurity in the state. A memo signed on Friday by the Vice-chairman of the NCC, Professor Umar Danbatta disclosed this. It was addressed to the telecoms…
September 4, 2021
Estimated price tag has more than doubled in eight years National petroleum company is buying 20% stake in the project A giant oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will cost more than double the amount originally projected. “Our capex will almost go to $19…
September 4, 2021
The Embassy of Nigeria in Bangkok, Thailand under the focused leadership of His Excellency, Ambassador Oma Djebah has advanced steps towards attracting sustainable agro-investments to Nigeria by boosting agricultural partnerships and cooperation between Nigerian and Thai agro-allied business owners. To actualize this goal in line with the federal government’s policy of ensuring food security and…
September 4, 2021
Nigeria's Gross Domestic Product (GDP) has recorded the strongest performance in over six years (since 2014), mustering third consecutive quarterly growth as the nation’s economy grows by 5.01% (year-on-year) in real terms, latest report released on Thursday by the National Bureau of Statistics (NBS) has shown. In the latest growth, the non-oil sector contributed 92.58%…
August 26, 2021
