Category: Business
A’ Ibom: DPR seals 21 petrol stations, four illegal LPG refilling points
The Department of Petroleum Resources (DPR) in Akwa Ibom said on Monday that it had sealed 21 filling stations for operating without licenses and for nonrenewal of...
Nigeria annually loses N4.4trn from absence of laws, policies – CISLAC
The Civil Society Legislative Advocacy Centre (CISLAC) says Nigeria loses over four trillion Naira annually in the extractive industry due to lack of laws and policies....
Power sector records new daily energy peak of 110,724.93mwh
The power sector recorded a new daily grid energy peak of 110,724.93MWH on March, 20, Transmission Company of Nigeria(TCN) has said. Mrs Ndidi Mbah, TCN General Manager,...
‘Why FG should reconsider signing African Free Trade Agreement’
Mr Emeka Okereke, Director General, Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), has called on the Federal Government to reconsider the signing...
VAT: Fowler didn’t call for 50% increase – FIRS
The Federal Inland Revenue Service (FIRS), has dismissed media reports quoting its Chairman, Mr. Tunde Fowler, as suggesting an increase in the rate of Value Added Tax...
Naira weakens marginally against dollar at parallel market
The Naira on Wednesday lost marginally to the dollar at the parallel market in Lagos exchanging at N358.2 to the dollar, weaker than N358 traded on Tuesday. The Pound...
Bad Loans: Nigeria needs reintroduction of Failed Bank Act – Kuru
Worried by the resurgent huge toxic loans in the banking sector, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed...
Udoma clarifies position on probable increase in VAT
The Minister of Budget and National Planning, Mr. Udoma Udo Udoma, has clarified his position on the reported anticipated increase on the Value Added Tax (VAT) saying...
Breaking: NSE suspends trading in Diamond Bank shares
Trading in the shares of Diamond Bank Plc has been placed on full suspension following the court sanction of the Scheme of Merger with Access Bank Plc. The Nigeria Stock...
Naira closes at N360.13 to dollar
The Naira on Tuesday exchanged at N360.13 to the dollar at the investors window as market turnover stood at 277.11 million dollars. At the parallel market in Lagos, the...
