The Federal Government has revoked 924 dormant mining licences and asked potential investors to freely apply for the affected licences, which will be offered on a “first come, first served” basis. The Minister of Mines, Dele Alake, who made this disclosure in a statement issued on Wednesday, listed the revoked mining licences as including 528 […]
The Nigerian National Petroleum Company Ltd (NNPCL) has announced the signing of an agreement with African Refinery for a share subscription agreement with Port-Harcourt Refinery, which will enable the parties to run a 100,000bpd refinery within the Port-Harcourt Refinery complex. This disclosure was contained in a press statement on the company’s official X handle, which […]
The World Bank has alerted world leaders on the likely negative implications of rising commodity prices for the general price levels and economic projection in their countries. In a report it released on Thursday, the multilateral financial institution, stated that energy and other commodity prices were projected to become significant deflationary factors in the forthcoming […]
The National Council on Privatisation (NCP) on Wednesday hinted of its intention of merging the Bank of Agriculture with the Central Bank of Nigeria’s (CBN) NIRSAL Microfinance Ltd as part of its efforts to improve the operational efficiency of government-owned institutions nationwide. To achieve this goal, the council also expressed its plans to inject new […]
The Statistician-General of the Federation/Chief Executive Officer of the National Bureau of Statistics (NBS), Prince Adeyemi Adeniran, has called on stakeholders in the Nigerian statistical system to support the current efforts of the Bureau to finalize the Draft National Strategy for the Development of Statistics (NSDS) 2024 – 2028 by making useful inputs into the […]
The Association of Licensed Telecom Operators of Nigeria (ALTON) and the Association of Telecommunication Companies of Nigeria (ATCON), two umbrella bodies representing Mobile Network Operators (MNOs) and telecommunication companies in Nigeria, have called upon the government to take decisive action in addressing the current challenges undermining the growth of the nation’s telecommunications industry. In a statement […]
President of the Commonwealth Association of Tax Administrators (CATA) and chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has advocated the need for increased capacity building to enhance tax administration processes among members of the global body. A statement by the chairman’s Special Adviser on Media, Dare Adekanmbi, indicated that the tax […]
President Bola Tinubu has approved the re-constitution of 15-member board of the Nigeria Extractive Industries Transparency Initiative’s (NEITI’s) National Stakeholders’ Working Group (NSWG). The Executive Secretary/Chief Executive Officer of NEITI, Orji Ogbonnaya Orji, who gave this hint during a media chat on Wednesday, said the Secretary to the Government of the Federation (SGF), Sen. George Akume, was […]
….Targets $10Bn Foreign Direct Investment The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has signed the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector – a key component of the Federal Government’s fiscal reforms agenda aimed at enhancing the performance of the […]
The Nigerian Communications Commission (NCC) has received a delegation from the Rack Centre as part of the commission management’s sustained drive to collaborate with all relevant stakeholders for the purposes of improving the performance of the nation’s telecommunications industry. The Rack Centre’s delegation, led by the Chief Executive Officer (CEO), Lars Johannisson, paid a courtesy […]