The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern that the frequent changes in the customs duty exchange rate have become a huge burden on the business community. The organized private sector (OPS) advocacy group, in a Note issued on Wednesday by its Chief Executive Officer, Dr Muda Yusuf, noted that the […]
Nigeria has projected to spend about $3 billion in capital investment to fuel projects under the Nigerian Gas Flare Commercialization Programme (NGFCP) and create about 300,000 jobs across the oil and gas industry from the venture. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, gave this hint during his presentation […]
The NNPC Exploration and Production Ltd/Seplat Energy Joint Venture and the Edo State Government have signed an agreement for the allocation of 6,000 hectares of land by the state government from its protected forest reserves to enable a large-scale tree planting initiative by Seplat Energy Plc. The deal is in furtherance of the Seplat Tree4Life […]
The Chairman of the Investments and Securities Tribunal (IST), Mr. Amos Azi, has described the Tribunal as one of the foremost organisations that are significantly contributing to the ease of doing business in the country in line with its statutory mandate. Azi, who spoke when the executive team of the Finance Correspondents Association of Nigeria […]
Ogun State Government on Tuesday urged residents on wetland areas of the state to relocate to safer dryland before the rainy season fully commences. The Nigeria Meteorological Agency (NIMET) and the Nigeria Hydrological Services Agency (NIHSA) had projected that the rainy season would start from March and end in December, 2024 with an average rainy […]
….As NLC Flaws Exercise The Federal Government has approved 25 per cent and 35 per cent of salary increase for civil servants on the remaining six Consolidated Salary Structures. The Head of Press Unit of National Salaries, Incomes and Wages Commission (NSIWC), Mr. Emmanuel Njoku, in a statement on Tuesday confirmed the increment across all […]
The President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has emphasized the critical need for global leaders and multilateral development finance institutions to significantly increase financing to meet the Sustainable Development Goals (SDGs). Adesina, who gave the charge while speaking at the Islamic Development Bank’s 50th anniversary celebrations in Riyadh, highlighted a growing […]
The President of Islamic Development Bank (IsDB), H.E. Dr. Muhammad Al-Jasser, has called on governments across the world to begin the nurturing of a generation of entrepreneurial leaders, who can help propel the world toward a future rooted in ethical principles and sustainable development. Al-Jasser gave the charge in his opening speech during the just […]
The Nigerian Electricity Regulatory Commission (NERC) has announced deregulation of meter prices under the Meter Asset Provider (MAP) Scheme for end-user customers in the country. The commission made this disclosure in a statement issued on Monday and signed by its Chairman, Mr Garba Sanusi, and the Commissioner, Legal, Licensing and Compliance, Mr Dafe Akpeneye, The […]
The Central Bank of Nigeria (CBN) has directed OPay, Palmpay, Kuda Bank, and Moniepoint to stop creating accounts for new customers until further notice over alleged illegal forex dealings. Industry sources linked the apex bank’s latest move to an ongoing audit of the Know-Your-Customer (KYC) process of the fintechs, which has been under scrutiny in […]