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
Businesses By Oluwatope Lawanson The Federal Government says it will continue to support indigenous companies to survive and excel, as a strategy to transform the economy. Vice-President Kashim Shettima gave the assurance during a visit to mark the 20th anniversary of SecureID Manufacturing Facility at Iyana-Isolo, in Lagos. The NewsContinue Reading
By Naomi Sharang A cross section of stakeholders, on Monday, at a Public Hearing on the four Tax Reform Bills expressed their support for the bills. The public hearing was organised by the Senate Committee on Finance chaired by Sen. Sani Musa. The News Agency of Nigeria (NAN) reports thatContinue Reading
