Reps Summon FIRS Boss, Query Tax Waiver For P&G
The House of Representatives’ Committee on Public Accounts has invited the Chairman of Federal Inland Revenue Service, Mr Muhammad Mami,…
Category: Local
Court Bars Federal Government From Blocking SIM Cards On April NIN Linkage Deadline
A Federal High Court in Lagos State has barred the Federal Government from blocking SIM cards not linked to National…
Tech Start-Up Set To Launch Virtual Meeting Solution
A Nigerian tech start-up firm, New waves Ecosystems Limited, is pitching for a major stake in the multi-billion-dollar global online…
$1.5bn For Port Harcourt Refinery Rehabilitation Outrageous – Reps Caucus
The minority caucus in the House of Representatives has rejected the $1.5bn approval for rehabilitation of the Port Harcourt refinery,…
Federal Government To Meet Resident Doctors To Avoid Looming Strike
The Federal Government is set to meet with the leadership of the National Association of Resident Doctors to avoid the…
Amaechi: We Have Borrowed $2.6bn From China For Lagos-Ibadan Rail
Rotimi Amaechi has confirmed that the Federal Government of Nigeria has borrowed about $2.6billion from China Exim Bank for the…
Market Forces Should Determine Gas Prices For Sustained Growth – DPR
The Department of Petroleum Resources, DPR, yesterday, advocated that market forces should be allowed to determine gas prices, so as…
Nigeria Will Continue To Rely On Natural Gas As A Transition Fuel — Sylva
Nigeria will continue to rely on natural gas as a transition fuel for key power generation while pursuing renewable for…
Naira Sells For N409.13/$1 At I&E As Crypto Market Recovers
The Naira opened the week in the positives at the Investors and Exporters (I&) window on Monday, March 29, appreciating…
Oil Drops As Suez Opens, Focus Turns To OPEC+ Output Cuts
Oil prices fell on Tuesday as the Suez Canal opened up after days closed by a grounded supercarrier and focus…
FG, States’ Debt Profile Rise To N32.92trn – NBS
Nigeria’s total public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS)…
Court Orders Prompt Hearing Of Suit Against Appeal Court Justices’ Appointment
A Federal High Court yesterday ordered accelerated hearing of a suit seeking to stop, the National Judicial Council (NJC) and…
FG Approves New Policy Framework For MSMEs
The Minister of State, Federal Ministry of Industry, Trade and Investment, Mrs. Maryam Yalwaji Katagum, has said the Federal Executive…
NLNG Calls For Urgent Development Of Nigeria’s Gas Resources
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has stressed the need for Nigeria…
937 Contractors Bid For UBEC/SUBEB School Projects In Kwara
No fewer than 937 local contractors on Monday participated in an open bidding for the construction/renovation of public schools and…
Fact Check: Did Buhari Promise To Make N1 Equal $1?
Presidential media adviser Femi Adesina on Sunday reopened an old debate as to whether President Muhammadu Buhari ever made a…
FG Declares Friday, Monday As Public Holidays To Mark Easter Celebration
Minister of Interior, Ogbeni Rauf Adesoji Aregbesola, who made the declaration on behalf of the Federal Government, urged Christians to…
Artisans With Pension Accounts Now 62,463, Says PenCom
Two years after the Federal Government launched the Micro Pension Plan for the informal sector, 62,463 artisans have opened Retirement…
Again, Senate Summons Emefiele, Alleges Federation Account $9.5m Missing
The Senate Public Accounts Committee has given the Governor of Central Bank of Nigeria, Mr Godwin Emefiele, up till Thursday,…
Lagos Okays Ex-Aviation fuelling Firm MD, Others’ Trial Over Alleged N1bn Fraud
The Directorate of Public Prosecutions in Lagos State has said sufficient facts exist to establish a prima facie case of…
Explainer: Why Nigeria’s Central Bank Won’t Ease Its Grip On The Naira
Nigeria is keeping control of its naira currency despite demands for deeper reforms from the International Monetary Fund and World…
Stanbic IBTC, CAP, Lafarge Top Stocks To Watch This Week
Nigerian stocks were up by N436.250 billion in the week that just went by, buoyed by a number of impressive…
Nigeria Sets N50m Capital Base For Commodities’ Collateral Firms
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has set a minimum capital base of N50 million for…
Dollar Drought: Neither CBN Nor Emefiele
There is dollar drought in Nigeria. It has become the biggest challenge for the Central Bank of Nigeria, CBN, in…
SEC Unveils New Rules On Commodity Trading
To ensure a vibrant commodities trading ecosystem, the Securities and Exchange Commission (SEC) has unveiled new rules on warehousing, collateral…
Shell, Nigeria’s Aiteo Locked In Legal Battle Over Loan Default
Royal Dutch Shell Plc and seven banks accused one of Nigeria’s largest oil producers of defaulting on loan repayments that…
AfCFTA: Nigeria To Establish Trade Remedies To Tackle Fraudulent Invoicing
As part of its commitment to a successful implementation of the African Continental Free Trade (AfCFTA) Agreement, the federal government…
NIN: Telcos Lose 11.8 Million Subscribers In Four Months
The number of telecom subscribers in the country dropped by 11.84 million in four months, according to latest industry statistics…
Euro Set For Biggest Monthly Drop Since Mid-2019 On Economy Fears
The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on…
Nigeria On Alert Over Fake COVID-19 Vaccines Shipped To Africa
The Nigerian government has placed its agencies on alert following speculations of fake COVID-19 vaccines reportedly dispatched to Africa. The…