Duty By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the proposed implementation of the 15 per cent of valorem import duty on imported Premium Motor Spirit (PMS) and Diesel is no longer in view. The NMDPRA disclosed in a statement posted on its X handleContinue Reading
Agreement By Constance Athekame The Federal Government and Quaint Energy have signed a concession agreement for the development of 6 Megawatts (MW) Ikere Gorge Hydropower Project in Oyo State. The agreement also included the 2MW Omi-Kampe Hydropower Project in Kogi. Speaking at the signing in Abuja, the Minister of Power,Continue Reading
By Rukayat Moisemhe Mrs Fatima Aliko-Dangote, the Group Executive Director, Commercial Operations, Dangote Group, has reaffirmed the company’s commitment to the full industrialisation of Nigeria. She made this known at the ongoing 2025 Lagos International Trade Fair organised by the Lagos Chamber of Commerce and Industry (LCCI)Continue Reading
By Martha Agas The Federal Capital Territory Administration (FCTA) says it will not tolerate any illegal mining activities or unsafe practices within the territory that endanger lives, destroy the environment or undermine lawful operations. Mrs Nancy Nathan, the Acting Head of Service of the FCTA, stated this on Wednesday inContinue Reading
By Onyeje Nancy Abutu Benue Commissioner for Cooperatives and Rural Development, Dr Yanmar Ortese, says the establishment of the Cooperative Development Fund by the Cooperative Financing Agency of Nigeria (CFAN) will provide easy access to scalable and affordable loans, boosting grassroots development. Ortese stated this on Wednesday in Makurdi duringContinue Reading
The Abuja Chamber of Commerce and Industry (ACCI) has urged gradual implementation of the Federal Government’s 15 per cent fuel import tax to ensure economic stability and consumer protection. The ACCI commended the government’s commitment to strengthening domestic refining capacity through the new policy but warned against sudden enforcement thatContinue Reading
By Taiye Olayemi Veritas Kapital Assurance Plc has reported a Gross Written Premium (GWP) of ₦18.7 billion for the third quarter ended Sept. 30. This represents a slight increase from ₦18.54 billion recorded in the corresponding period of 2024. In a statement on Tuesday, the company said its insurance revenueContinue Reading
By Taiye Olayemi The Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, on Tuesday reassured investors of the Federal Government’s commitment to balanced outcomes on Capital Gains Tax (CGT). Edun gave the assurance at the Nigerian Exchange (NGX) Closing Gong Ceremony, held to commemorate the listingContinue Reading
By Kadiri Abdulrahman The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says the Federal Government’s economic reforms and bold fiscal consolidation measures are crucial to repositioning the Nigerian economy on a more sustainable growth trajectory. Cardoso said this on Tuesday in Abuja, while delivering a keynoteContinue Reading
By Grace Alegba The Nigerian Society of Engineers (NSE) has partnered with Lonadek Nigeria Ltd. to strengthen the skills of Nigerian engineers through structured training, mentorship, and entrepreneurship development. Its President, Mrs Margaret Oguntala, who signed the Memorandum of Agreement (MoA) in Lagos, said the collaboration would help bridge skillsContinue Reading
