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Deal Still At Paperwork Stage, Energy Consumer Network Laments There are growing concerns over the stalled Power Project Initiative contract signed between the federal government of Nigeria and Siemens AG by stakeholders in the nation's power sector. German Chancellor, Angela Merkel had tapped Siemens to help Nigeria develop a roadmap “to resolve existing challenges in…
September 23, 2021
Chairman, Dangote Sugar Refinery Plc, Aliko Dangote has said that the National Sugar Master Plan (NSMP), when executed as designed, can save the nation foreign exchange in excess of $700million yearly from the backward integration component. Dangote, according to a statement by the company, made the disclosure during a facility tour by some businessmen on…
September 21, 2021
Nigerians have continued to react as the Naira sold between N572 and N575 to a $1 at the parallel market despite the suspension of the activities of AbokiFX. AbokiFX, a website that collates black market exchange rates in Nigeria, had suspended activities following allegations by the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele…
September 20, 2021
President Muhammadu Buhari has ordered the incorporation of the Nigerian National Petroleum Company (NNPC) Limited. The president on Sunday also appointed members of the management board of the NNPC. This disclosure was made in a statement issued by Special Adviser to the President (Media and Publicity), Mr Femi Adesina. According to the statement, the president…
September 19, 2021
A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has explained how currency speculators have been deliberately attacking naira, contributing to its free fall in recent years. Moghalu stated that some forex traders are using speculative currency to tap profits from the exchange rate. The former Deputy Governor of CBN…
September 19, 2021
The Governor of Ebonyi state, Dave Umahi has rejected the resolution of the Southern Governors’ Forum over the collection of the Value Added Tax (VAT). Umahi, who is the Chairman of the South-East Governors’ Forum, said that his state will not join other Southern States to collect VAT. According to him, the collection of VAT…
September 17, 2021
Threatens To Prosecute Website Owner, Olumide Oniwinde The Central Bank of Nigeria (CBN) Monetary Policy Committee has voted to retain its key lending rate at 11.5 per cent as the federal government continues to fight the disturbing inflationary trend that made Nigerians to pay more for goods and services in the country. The Committee also…
September 17, 2021
The Southern Governors have expressed their full support for states to have exclusive rights to the collection of Value Added Tax (VAT) paid on goods and services in the Nigera. The governors made this resolution during the meeting which held on Thursday in Enugu State. The VAT controversy has been generating heated debate in public…
September 16, 2021
Africa's richest man, Aliko Dangote is reportedly in talks with some financial institutions to secure a loan facility to finance the giant oil refinery complex project in Lekki, Lagos. This is coming as the cost to complete the 650,000 barrel-per-day refinery shot up to $19 billion. The refinery facility in Nigeria’s commercial hub was expected…
September 16, 2021
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Deal Still At Paperwork Stage, Energy Consumer Network Laments There are growing concerns over the stalled Power Project Initiative contract signed between the federal government of Nigeria and Siemens AG by stakeholders in the nation's power sector. German Chancellor, Angela Merkel had tapped Siemens to help Nigeria develop a roadmap “to resolve existing challenges in…
September 23, 2021
Chairman, Dangote Sugar Refinery Plc, Aliko Dangote has said that the National Sugar Master Plan (NSMP), when executed as designed, can save the nation foreign exchange in excess of $700million yearly from the backward integration component. Dangote, according to a statement by the company, made the disclosure during a facility tour by some businessmen on…
September 21, 2021
Nigerians have continued to react as the Naira sold between N572 and N575 to a $1 at the parallel market despite the suspension of the activities of AbokiFX. AbokiFX, a website that collates black market exchange rates in Nigeria, had suspended activities following allegations by the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele…
September 20, 2021
President Muhammadu Buhari has ordered the incorporation of the Nigerian National Petroleum Company (NNPC) Limited. The president on Sunday also appointed members of the management board of the NNPC. This disclosure was made in a statement issued by Special Adviser to the President (Media and Publicity), Mr Femi Adesina. According to the statement, the president…
September 19, 2021
A former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has explained how currency speculators have been deliberately attacking naira, contributing to its free fall in recent years. Moghalu stated that some forex traders are using speculative currency to tap profits from the exchange rate. The former Deputy Governor of CBN…
September 19, 2021
The Governor of Ebonyi state, Dave Umahi has rejected the resolution of the Southern Governors’ Forum over the collection of the Value Added Tax (VAT). Umahi, who is the Chairman of the South-East Governors’ Forum, said that his state will not join other Southern States to collect VAT. According to him, the collection of VAT…
September 17, 2021
Threatens To Prosecute Website Owner, Olumide Oniwinde The Central Bank of Nigeria (CBN) Monetary Policy Committee has voted to retain its key lending rate at 11.5 per cent as the federal government continues to fight the disturbing inflationary trend that made Nigerians to pay more for goods and services in the country. The Committee also…
September 17, 2021
The Southern Governors have expressed their full support for states to have exclusive rights to the collection of Value Added Tax (VAT) paid on goods and services in the Nigera. The governors made this resolution during the meeting which held on Thursday in Enugu State. The VAT controversy has been generating heated debate in public…
September 16, 2021
Africa's richest man, Aliko Dangote is reportedly in talks with some financial institutions to secure a loan facility to finance the giant oil refinery complex project in Lekki, Lagos. This is coming as the cost to complete the 650,000 barrel-per-day refinery shot up to $19 billion. The refinery facility in Nigeria’s commercial hub was expected…
September 16, 2021
