Ogun State Government has commenced the second phase of the disbursement of the N1 billion grant to Micro, Small and Medium Enterprises (MSMEs) as part of its efforts to alleviate poverty and mitigate the impact of COVID-19 on businesses in the state. The Commissioner for Industry, Trade, and Investment and a member of the Ogun […]
The chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has charged foreign shipping companies lifting crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. Adedeji gave the charge at a workshop on taxation of non-resident shipping companies organised by the federal revenue agency in conjunction […]
…..As Kerosene price rises 0.32% Buyers of Liquefied Petroleum Gas (cooking gas) in Nigeria paid N4,562.51 as average retail price for refilling a 5kg cylinder in October this year, representing an increase of 8.89% month-on-month over the N4,189.96 they paid in the preceding month. The National Bureau of Statistics (NBS) in its ‘Liquefied Petroleum Gas […]
Economists at Centre for the Study of Economies of Africa (CSEA), a leading economic research and consulting services firm with special focus on trends in Sub-Saharan Africa’s (SSA’s) economies, have canvassed some fiscal and monetary policy measures for the Federal Government to implement in order to halt the dwindling foreign reserves of the country. The […]
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday disclosed that the Federation Account had been recording improved revenue inflow since the removal of fuel subsidy from an average of N650 billion monthly to over N1 trillion in the last four months. Edun made this disclosure at the opening ceremony […]
The Nigerian Communications Commission (NCC), has expressed its total commitment to the implementation of the Ministerial Five Pillars of the Strategic Blueprint aimed at holistically transforming the nation’s economy with a view to achieving 70% digital literacy by 2027; and a capital increase raised by Nigerian tech startups by 50% year-on-year from $1 billion/year in […]
The Lagos State Internal Revenue Service (LIRS) has announced the immediate deployment of an upgraded process for the collection of Hotel Occupancy and Restaurants Consumption Tax (HORCT) in the state The Executive Chairman of the Service, Ayodele Subair, in a notice to the public, operators and owners of hotels, event centres, restaurants, bars, and other […]
The United Arab Emirates (UAE), the third largest oil producer in the Organization of Petroleum Exporting Countries (OPEC) has expressed intention to raise its oil output next year following the allocation of increased quota under the OPEC+ agreement. The country’s leaders said in the summer that the country would not join the Saudi Arabia on […]
German Chancellor, Olaf Scholz, has pledged his country’s $4.4 billion support for Africa-European Green Energy Initiative at the ongoing G20 Compact with Africa Investment Summit in Berlin, Germany. The Chancellor said that the funding would cover the initiative through 2030 with his country importing a significant portion of its green hydrogen from African countries. Scholz […]
President Bola Tinubu has assured international investors that Nigeria remains a secured destination with high prospects for returns for their investments. Tinubu, who gave the assurance while speaking as a participant in a panel discussion on fostering local value chains and investments in Africa at the 4th G20 Investment Summit in Berlin, Germany, highlighted Nigeria’s […]