The Nigerian National Petroleum Corporation (NNPC) on Wednesday unveiled plans to focus more on increasing gas and condensate production as a strategic step towards boosting its revenue earnings in the months ahead. The move by the state-owned oil corporation to explore the gas and condensate resources option was sequel to the cut of Nigeria’s oil […]
PAN Nigeria Limited and other local automobile assemblers have called on the Federal Government to urgently reconsider the tariff regime on imported vehicles into the country in order to safe local assembly plants from collapsing. The major local vehicle assembler made the appeal on Tuesday following the Federal Executive Council (FEC) approval of the new […]
The Central Bank of Nigeria, CBN, has explained why it opted for a gradual liberalization of the foreign exchange market, saying that the monetary policy step is adopted in view of the unprecedented shock suffered by the nation’s economy from the ravaging impact of the COVID-19 pandemic on international oil prices last year. Despite the […]
The Registrar-General of Corporate Affairs Commission (CAC), Mr. Garba Abubakar, on Wednesday disclosed that the commission collected more than N19 billion as Internally Generated Revenue (IGR) last year, despite the COVID-19 pandemic’s disruptions to economic activities nationwide. Abubakar, during a media chat in Abuja, explained that in spite of the COVID-19 pandemic, the commission recorded […]
Star actress and filmmaker, Ms. Stephanie Linus, is furthering her cause as an environmental activist with her focus now on wildlife conservation and efforts to reduce climate change negative impacts. To fulfil this cherished dream, Stephanie has joined an unrivaled portfolio of celebrity ambassadors at WildAid, to help raise public awareness of the impacts of […]
The post-Capitol invasion woes of President Donald Trump were compounded on Tuesday as Deutsche Bank, the largest creditor to the Trump Organisation, said it would not do business in the future with him or his companies. A news report sourced from the New York Times stated that the lender’s move, cited a person familiar with […]
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday said that the Federal Government spent a total of N1.80 trillion on capital projects in the 2020 fiscal year, The Minister, who made this disclosure on during the public presentation of the 2021 approved budget at the virtual presentation said the amount spent […]
The Nigeria Customs Service (NCS), Apapa Area Command said it raked into government coffers the sum of N518,046,832,016.84 in the 2020 fiscal year. The Command Comptroller, Mohammed Abba-Kura, who gave these figures at a media briefing held on Tuesday in Lagos, said the revenue generated represented N94,379,835,352.53 increase over the N423.6 billion generated in the […]
The Federal Government has indicated its readiness to flag-off the construction of an international gemstones market in Ibadan, Oyo State, as part of its efforts to improve non-oil sector’s contributions to the nation’s Gross Domestic Product (GDP) in the years ahead. The Minister of Mines and Steel Development, Arch. Olamilekan Adegbite, gave this hint on […]
The Corporate Affairs Commission (CAC) has given registered companies up till March 31 to validate their bank accounts or get sanctioned. The Its Registrar General of the commission, Mr. Garba Abubakar, threatened that any company that failed to comply with the directive would not be accredited and would have to go through a rigorous process […]