The United Kingdom (UK) government has pledge to help African countries expand their critical mineral supply chains – with a focus on promoting mineral exploration and processing, generating value-added activities and creating local jobs. The country made the pledge on Wednesday during the Critical Minerals Africa 2023 summit in South Africa to enable African countries […]
The Nigerian National Petroleum Company Limited (NNPCL) has assured motorists and other fuel users in the country of adequate product to meet their demands amid resurgence of queues in filing stations in major cities nationwide. While advising motorists and other users of the commodity not to engage in panic buying, the company attributed the recent […]
As adoption of AI technology continues to dominate public discourses across the re/insurance industry, some of the major leading firms, including Swiss Re and Munich Re, say that the deployment of the technology within the sector remains within its early days and piloting stages. Speaking at Swiss Re’s Baden-Baden media conference, Chief Underwriting Officer, Global […]
The European Union (EU) has promised to disburse 150 billion Euros from this year to 2027 through its Global Gateway initiative to Nigeria and other African countries to enhance infrastructure in over eight sectors. The EU Commissioner for International Partnerships, Jutta Urpilainen, made this disclosure during the launch of the Global Gateway initiative on Thursday […]
….As Marketers Blame FX Shortfall For Product’s Scarcity Barely three months after the President Bola Tinubu’s government addressed the lingering fuel scarcity problem in the downstream market, indications in the market since Tuesday showed that scarcity was gradually resurfacing in major cities of Lagos, Abuja, Kano, Ekiti and others with queues noticeable in filing stations […]
The Acting Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has allayed business owners’ fears about the moves by the federal revenue agency to increase the country’s tax-to-GDP ratio to 18% from 10.86%, saying attaining the target will not necessarily involving raising tax rates. Adedeji, who restated the President Bola Tinubu-led administration’s […]
The Development Bank of Nigeria (DBN) has emerged as the highest-ranked public institution in Nigeria in the 2023 Transparency and Integrity Index (TII) released by the Center for Fiscal Transparency and Integrity Watch (CeFTIW). The index, which assessed 511 MDAs and public sector institutions on their level of transparency and accountability in government processes, was produced by […]
The Accountant General of the Federation, Dr. Oluwatoyin Madein, has unveiled plans by her office to improve federal revenue generation through investment in digitalization process of revenue remittances and receipts issuance. Madein, who made this disclosure during a meeting with the House of Representatives Committee on Finance, said the Office was ready to collaborate with […]
Ogun State Governor, Prince Dapo Abiodun, has approved the extension of the N10,000 transport allowance granted to the state civil servants to cushion the effect of the removal of fuel subsidy by the Federal Government by another six months. The allowance, which was part of various interventions adopted by the state government following the Federal […]
The Nigerian National Petroleum Company Limited (NNPCL) has reported that between October 7 and 13, 205 crude oil theft incidents were recorded across oil-producing locations in the Niger Delta region. The company gave these figures during its weekly ‘Energy and You’ series on the NTA News Network. According to the report, there were various illegal […]