By Martha Agas A customs and tax expert, Mr Okey Ibeke, says the duties of the Nigeria Customs Service (NCS) is not only limited to revenue collection but involves highly technical operations. Ibeke stated this on Thursday in Abuja, following a public hearing on tax reform bills organised by theContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the Nigeria Gas Flare Commercialisation Programme (NGFCP) has the potential to unlock 2.5 billion dollars investment in oil and gas sector. The commission is also set to hold its first Nigeria Upstream Oil and Gas Decarbonisation Forum in March,Continue Reading
By Taiye Olayemi The National Insurance Commission (NAICOM) has stated that insurance companies are now required to cover the costs of every case it resolves. This decision was made at the Insurers’ Committee Meeting held in Lagos on Wednesday. Mrs Ebelechukwu Nwachukwu, Head of the Communication andContinue Reading
By Lucy Ogalue The Federal Government has inaugurated the governing council of the Chartered Institute of Project Managers of Nigeria (CIPMN), urging the body to play a more active role in supporting industrial growth. The Minister of State for Industry, Sen. John Enoh, inaugurated the council on Tuesday in Abuja.Continue Reading
By Emmanuella Anokam The Federal Government says the introduction of the sale of crude oil in Naira is a strategic move to enhance operational efficiency of local refineries by reducing foreign exchange risks and transaction costs. President Bola Tinubu made this known on Tuesday, while officially declaring the eight editionContinue Reading
By Naomi Sharang The Chairman of the Senate Committee on Finance, Sen. Sani Musa, has assured that the Senate would produce legislation from the tax reform bills aimed at making Nigeria’s economy a trillion-dollar base. He added that President Bola Tinubu had tasked the National Assembly with this goal andContinue Reading
By Okeoghene Akubuike The National Bureau of Statistics (NBS) says Nigeria’s Gross Domestic Product (GDP) rate in real terms grew by 3.84 per cent in the fourth quarter of 2024 on a year-on-year basis. The Statistician-General (S-G) of the Federation, Adeyemi Adeniran, released Nigeria’s GDP Report for Q4 2024 inContinue Reading
By Ginika Okoye The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to justify its proposed subscription price increase, set to take effect on March 1. The summon was contained in a statement issued by FCCPC’s Director of Corporate Affairs, Mr Ondaje Ijagwu, in Abuja on Tuesday.Continue Reading
By Vivian Emoni The Federal Government has partnered with the Republic of Kazakhstan to strengthen and enhance trade and investment of both countries for economic growth. Amb. Nura Rimi, Permanent Secretary, Ministry of Industry, Trade and Investment, said that the partnership would unlock huge amountContinue Reading
By Kadiri Abdulrahman Transcorp Power Plc has declared a revenue growth of 115 per cent in 2024, amounting to N305.9 billion and an operating profit after tax of N80.01 billion. Mr Emmanuel Nnorom, Chairman, Board of Directors, Transcorp Power Plc disclosed this on Tuesday in Abuja, at the companies’ AnnualContinue Reading
