By Rukayat Moisemhe Insolvency experts have called on banks and practitioners to align loan agreements and practices with the rescue provisions of the Companies and Allied Matters Act (CAMA) 2020. Mr Albert Folorunsho, the Vice President, Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), made the call at BRIPANContinue Reading
By Taiye Olayemi The National Pension Commission (PenCom) has reviewed the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to strengthen the financial stability of the pension industry. The commission disclosed this inContinue Reading
By Taiye Olayemi The Presidential Committee on Fiscal Policy and Tax Reforms says the new Capital Gains Tax (CGT) regime on shares is designed to reduce business risks, strengthen investor confidence, and create a fairer tax system. Continue Reading
By Vivian Emoni Business owners have called for greater collaboration with government at all levels, and other relevant stakeholders to boost economic growth across the country. They made the call in an interview with the News Agency of Nigeria (NAN) at the opening of the 20th Edition of Abuja InternationalContinue Reading
By Simon Akoje Some financial experts have commended the Federal Government for raising Nigeria’s external reserves to 42 billion dollars, the highest in more than five years. They urged government to sustain the gains by strengthening the naira, supporting production, and creating a friendlier business climate to ensure broader benefitsContinue Reading
By Rukayat Moisemhe and Aisha Cole The Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN) on Friday agreed on strategic exemptions from the recently suspended four per cent Free on Board (FoB) charge. They also outlined fresh trade facilitation measures to ease manufacturing operations andContinue Reading
By Lucy Ogalue The Corporate Affairs Commission (CAC) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) are deepening partnership to ease business registration for small business owners in the country. The Registrar-General of CAC, Mr Hussaini Magaji, said this during the signing of a Memorandum of Understanding (MoU)Continue Reading
By Desmond Ejibas, News Agency of Nigeria (NAN) For decades, Nigeria has been a key player in the global oil and gas industry, essentially due to its massive reserves as well as exploration and exportation capacity. When stakeholders converged recently on Milan, Italy, for the Gastech Exhibition and Conference, itContinue Reading
Sack Refinery Dangote Petroleum Refinery and Petrochemicals has dismissed several members of staff in a major reorganisation exercise, following reported cases of sabotage in different refinery units that raised serious safety concerns. Mr Femi Adekunle, the Chief General Manager of Human Asset Management at Dangote Group, confirmed the development inContinue Reading
Edited for use Strike By Constance Athekame Two major electricity unions have suspended their planned nationwide strike following the intervention of the Federal Government. The National Union of Electricity Employees (NUEE) and the Senior Staff Association of Electricity and Allied Companies (SSAEAC) had threatened to embark on industrial action overContinue Reading
