Oil producing communities’ people along the Trans-Forcado pipelines and Escravos Warri Refinery corridors have commended the Federal Government on the award of the contract of protecting the Nation’s critical assets in the oil-rich communities of Delta State to Ocean Marine Solution Limited (OMSL), a Nigerian company. Ocean Marine Solutions Limited is one of Nigeria foremost […]
Kano State Government has unveiled plans to use the growing insurance culture to attract foreign investments into the state The State Governor, Dr. Abudullahi Ganduje, who was represented at a Three-Day retreat for members of the Technical Committee on implementation of Third Party Liability and other Insurances in Kano State by the Secretary to the […]
The Chief Executive Officer, MTN Nigeria, Mr. Karl Toriola, on Friday urged Small and Medium Enterprises (SMEs) owners to use the data being sourced from telecommunication companies and financial systems to access funds for sustainable growth of their enterprises. The telecom operator, who gave the charge at the Sparkle’s webinar for SMEs with the theme […]
The Lift Above Poverty Organisation (LAPO), one of Nigeria’s licensed national microfinance banks (MfBs) on Friday reported that it disbursed N19.97 billion loans to 183,000 Micro Small and Medium Scale Enterprises (MSMEs), through the LAPO Rural Development Initiative (LARDI) in 2021. The MfB’s Executive Director, Dr Ayobami Obadiora, disclosed this during the 2022 Annual Media […]
The Central Bank of Nigeria (CBN) today announced an initiative tagged ‘RT200 Programme’ to stimulate non-oil exports with a $200-billion FX income target in the next three to five years. The CBN Governor, Godwin Emefiele, told journalists at the end of the Bankers’ Committee Meeting in Abuja that the initiative was required to address the […]
The Central Bank of Nigeria (CBN) has disclosed that its foreign exchange policies, particularly the ‘Naira 4 Dollar Scheme’ have led to exponential boost in diaspora remittances into the country in the past one year. The CBN Governor, Godwin Emefiele, made this disclosure at a special press briefing at the end of the Bankers’ Committee […]
The Federal Inland Revenue Service (FIRS) has introduced “Self-Service Stations” in its offices nationwide to increase voluntary tax compliance of taxpayers. The stations avail taxpayers opportunities to file tax returns, pay taxes, apply for and validate Tax Clearance Certificates by themselves on online platforms located in FIRS tax offices, among other services. The tax agency’s […]
MTN Nigeria Communications PLC has denied receiving any communication regarding an impending disruption of telecommunications services by its telecom sector workers over anti-labor practices. The telco in a statement signed by the Company’s Secretary, Uto Ukpanah, on Thursday, said that since it was unaware of such notice, it would be unable to validate or comment […]
The Nigerian Investment Promotion Commission (NIPC) on Thursday reported that foreign investment inflows into Nigeria grew to $23.30 billion in 2021, from $16.74 billion recorded in 2020, representing about 39 percent more than the value tracked in 2020. Official figures released by the Commission on the 2021 investments, showed that the increase in value of […]
The Oyo State Board of Internal Revenue has linked its sealing of the Ibadan Electricity Distribution Company (IBEDC) headquarters and other offices to the distribution company’ tax arrears in excess of N400 million. Some of the offices affected in Wednesday’s action include the company’s headquarters in Ring Road, Ibadan and its offices at Mobil, off […]