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President of the African Development Bank (AfDB), Akinwumi Adesina has revealed why Nigerians are among the highest implicit tax payers in the world, stressing that this is as a result of lack of basic infrastructure in the country. Adesina, who explained that whereas, implicit taxes are usually not captured by government records, they're normally borne…
January 22, 2021
N619.343 billion has been shared by the Federal Account Allocation Committee (FAAC) to the three tiers of government for the month of December, 2020. The allocation marked an increase for the first time in three months as the amount increased from the N601billion shared for November and N606billion for October. According to the breakdown as…
January 21, 2021
From Segun Amure, (The New Diplomat's, Abuja Bureau) The United States on Wednesday, 20th January, 2021 sworn-in President Joe Biden as the 46th President of America. Biden in his inaugural address lauded effort to protect America's democracy before, during and after the November 2020, Presidential election. In addition, he assured Americans of his administration's…
January 20, 2021
A top banking executive and key player in the Nigeria's organized private sector, Sonny Iroche has urged the U.S President-elect Joe Biden, to redirect the U.S voting block and machinery at the World Trade Organization to support the emergence of Dr. Ngozi Okonjo-Iweala as the next DG of the trade body in the interest of…
January 18, 2021
By Abiola Olawale Dr. Ngozi Okonjo-Iweala, a former Nigerian minister of finance and a member of Twitter board, has weighed in on why outgoing U.S President Donald Trump was banned from Twitter. Okonjo-Iweala, who emerged among the two top candidates for the position of Director-General (DG) of the World Trade Organization (WTO) said Trump was…
January 16, 2021
From Ameachi Prosper (The New Diplomat's Delta State Correspondent) The Shell Petroleum Development Company of Nigeria Limited (SPDC), has announced the sale of its 30 per cent interest in Oil Mining Lease (OML) 17 and its associated infrastructure in the Eastern Niger Delta. The New Diplomat learnt other SPDC JV partners, Total E&P Nigeria Limited…
January 16, 2021
By Abiola Olawale The First Bank of Nigeria (FBN) has ran into legal conundrum as authorities on Tuesday confiscated the bank's assest in Port Harcourt over the $479 million (N189 billion) judgement debt owed Ejama-Ebubu, a community in Tai Eleme Local Government, Rivers State by the Shell Petroleum Development Company (SPDC) of Nigeria. Federal High…
January 15, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The President-elect of the United States, Joe Biden on Thursday unveiled his administration $1.9 trillion stimulus package called the “American Rescue Plan,” to cushion the effect of Coronavirus in the country. The plan would meet Biden’s goal of administering 100 million vaccines by the 100th day of…
January 15, 2021
The Nigerian stock market extended its positive rally on Thursday, appreciating further by N325 billion, amid increased buying interest. Specifically, the market capitalisation inched higher by N325 billion or 1.54 per cent to close at N21.418 trillion from N21.093 trillion on Wednesday. In the same vein, the All-Share Index garnered 622.09 points or 1.54 per…
January 14, 2021
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President of the African Development Bank (AfDB), Akinwumi Adesina has revealed why Nigerians are among the highest implicit tax payers in the world, stressing that this is as a result of lack of basic infrastructure in the country. Adesina, who explained that whereas, implicit taxes are usually not captured by government records, they're normally borne…
January 22, 2021
N619.343 billion has been shared by the Federal Account Allocation Committee (FAAC) to the three tiers of government for the month of December, 2020. The allocation marked an increase for the first time in three months as the amount increased from the N601billion shared for November and N606billion for October. According to the breakdown as…
January 21, 2021
From Segun Amure, (The New Diplomat's, Abuja Bureau) The United States on Wednesday, 20th January, 2021 sworn-in President Joe Biden as the 46th President of America. Biden in his inaugural address lauded effort to protect America's democracy before, during and after the November 2020, Presidential election. In addition, he assured Americans of his administration's…
January 20, 2021
A top banking executive and key player in the Nigeria's organized private sector, Sonny Iroche has urged the U.S President-elect Joe Biden, to redirect the U.S voting block and machinery at the World Trade Organization to support the emergence of Dr. Ngozi Okonjo-Iweala as the next DG of the trade body in the interest of…
January 18, 2021
By Abiola Olawale Dr. Ngozi Okonjo-Iweala, a former Nigerian minister of finance and a member of Twitter board, has weighed in on why outgoing U.S President Donald Trump was banned from Twitter. Okonjo-Iweala, who emerged among the two top candidates for the position of Director-General (DG) of the World Trade Organization (WTO) said Trump was…
January 16, 2021
From Ameachi Prosper (The New Diplomat's Delta State Correspondent) The Shell Petroleum Development Company of Nigeria Limited (SPDC), has announced the sale of its 30 per cent interest in Oil Mining Lease (OML) 17 and its associated infrastructure in the Eastern Niger Delta. The New Diplomat learnt other SPDC JV partners, Total E&P Nigeria Limited…
January 16, 2021
By Abiola Olawale The First Bank of Nigeria (FBN) has ran into legal conundrum as authorities on Tuesday confiscated the bank's assest in Port Harcourt over the $479 million (N189 billion) judgement debt owed Ejama-Ebubu, a community in Tai Eleme Local Government, Rivers State by the Shell Petroleum Development Company (SPDC) of Nigeria. Federal High…
January 15, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The President-elect of the United States, Joe Biden on Thursday unveiled his administration $1.9 trillion stimulus package called the “American Rescue Plan,” to cushion the effect of Coronavirus in the country. The plan would meet Biden’s goal of administering 100 million vaccines by the 100th day of…
January 15, 2021
The Nigerian stock market extended its positive rally on Thursday, appreciating further by N325 billion, amid increased buying interest. Specifically, the market capitalisation inched higher by N325 billion or 1.54 per cent to close at N21.418 trillion from N21.093 trillion on Wednesday. In the same vein, the All-Share Index garnered 622.09 points or 1.54 per…
January 14, 2021
