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OPS Faults FIRS On Property Valuation

OPS Faults FIRS On Property Valuation

Members of the Organized Private Sector have faulted the property valuation/assessment being undertaken by the Federal Inland Revenue Service, describing it as double taxation. The OPS comprises the Manufacturers Association of Nigeria, the Nigerian Association of Small and Medium Enterprises, ...

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NPA Flags Off Solid Minerals Export With Ikorodu Terminal

NPA Generates N299.56bn Revenue In 2017

The Managing Director of the Nigerian Ports Authority Hadiza Bala-Usman has flagged off the first export consignment of manganese, a solid mineral resource from the Ikorodu lighter Terminal even as  management is keen in provisional intermodalism as part of efforts ...

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PWYP Faults NNPC’s Continued Retention Of $16.8bn NLNG Dividend

PWYP Faults NNPC’s Continued Retention Of $16.8bn NLNG Dividend

The Publish What You Pay (PWYP) Nigeria, has faulted the Nigerian National Petroleum Corporation (NNPC) for its continued withholding of dividends, amounting to $16.88 billion, paid by the Nigeria Liquefied Natural Gas Limited (NLNG) to it for the Federation Account. ...

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NNPC Mulls Ppp Oil, Gas Pipelines Construction Arrangements

NNPC Mulls Ppp Oil, Gas Pipelines Construction Arrangements

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged the new Board of one of its downstream subsidiary companies, the Nigerian Pipeline Storage Company (NPSC), to partner with the private sector to build ...

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Chevron, NLNG, Total, ExxonMobil Lead Pack Of Industry Exhibitors At NIPS

Chevron, NLNG, Total, ExxonMobil Lead Pack Of Industry Exhibitors At NIPS

Chevron, Nigeria LNG Limited, Total, ExxonMobil are among the list of top industry players that will exhibit at the forthcoming Nigeria International Petroleum Summit (NIPS) to be hosted in Abuja by the Federal Ministry of Petroleum Resources from 19 – ...

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Chinese Firm Loses Bid To Stop Trial On $12b Missing Crude Oil

Chinese Firm Loses Bid To Stop Trial On $12b Missing Crude Oil

Justice Rilwan Aikawa Aikawa of a Federal High Court, Lagos has struck out the preliminary objection filed by China National Offshore Oil Corp (CNOOC) Exploration and Production Nigeria Limited against the Federal Government in a $12b missing crude oil suit. ...

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Ambode targets 24-hour power supply in Lagos

Ambode targets 24-hour power supply in Lagos

Signs seven critical bills into law  Lagos State Governor Akinwunmi Ambode, yesterday, signed seven important bills into law, among which is the law to guarantee 24-hour power supply in line with the vision to attain a 24-hour economy and make ...

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Adeosun: Regular Tax Payments, Fundamental to Nigeria’s Growth

Adeosun: Regular Tax Payments, Fundamental to Nigeria’s Growth

Says 56m economically active citizens not tax-compliant The Minister of Finance, Mrs. Kemi Adeosun, has declared that regular payment of taxes by Nigerians was fundamental to the growth and development of the country. She pointed out that predictable tax revenue ...

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Austria Sets to Repatriate over 1,000 Nigerians

Austria Sets to Repatriate over 1,000 Nigerians

The government of Austria thursday unveiled of plans to repatriate about 1,000 Nigerian irregular migrants in that country after the completion of a training programme underway. The country’s Director General, International Centre for Migration Policy Development (ICMPD), Michael Spindelegger, who ...

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NNPC to Supply 100m Litres of Petrol in February as Scarcity Persists in Abuja

NNPC to Supply 100m Litres of Petrol in February as Scarcity Persists in Abuja

The Nigerian National Petroleum Corporation (NNPC) thursday said it had programmed to supply 100 million litres of petrol every day in February, adding that this would help clear out the lingering scarcity of petrol currently experienced across cities in the ...

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Ex-Aviation Minister Refutes Report of N3.9bn Airport Fund Diversion

Ex-Aviation Minister Refutes Report of N3.9bn Airport Fund Diversion

A former Minister of Aviation, Senator Stella Oduah, has refuted reports that the sum of N3.9 billion meant for the installation of security devices across the nation’s airports, was diverted during her tenure. Oduah who represents Anambra North senatorial district ...

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Signposting Confidence, Nigeria’s FX Inflow Hits $30.45bn in Q4

Signposting Confidence, Nigeria’s FX Inflow Hits $30.45bn in Q4

In a mark of rising confidence in the Nigerian economy, aggregate foreign exchange (FX) inflow into the economy grew to $30.45 billion in the fourth quarter (Q4) of 2017, indicating an increase by 14.5 per cent, compared to the preceding ...

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FG To Unveil New National Airline In 2 Months

FG To Unveil New National Airline In 2 Months

By Nkem Osuagwu The Federal Government said it will soon unveil a new national airline, even as it is understudying the business out line for the concession of airports. The Minister of State on Aviation, Senator Hadi Sirika, disclosed this on ...

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Petrol Scarcity: NNPC Arrests, Charges Marketers, Hawkers for Alleged Sabotage

Petrol Scarcity: NNPC Arrests, Charges Marketers, Hawkers for Alleged Sabotage

The Nigerian National Petroleum Corporation (NNPC) wednesday said it had arrested and charged a number of petrol marketers and black market operators to court for allegedly sabotaging its efforts to bring to an end the scarcity of petrol in the ...

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NBS: Four Million Electricity Users Don’t Have Meters

NBS: Four Million Electricity Users Don’t Have Meters

No fewer than 4.1 million of about 7.5 million Nigerians with access to electricity across the country are not meterd by the distribution companies, the National Bureau of Statistics (NBS) has said. The NBS, in its ‘Power Sector Report: Energy ...

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Panic as Dana Air Aircraft Emergency Door Falls Off

Panic as Dana Air Aircraft Emergency Door Falls Off

Passengers were aghast in fear on Wednesday when one of the emergency doors of the Dana Air aircraft conveying them fell off on landing at the Nnamdi Azikiwe International Airport, Abuja. Dana Air in a statement signed by its spokesman, ...

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FG Targets N762.5bn Earnings from $2.5bn Eurobond to Finance Treasury Bills

FG Targets N762.5bn Earnings from $2.5bn Eurobond to Finance Treasury Bills

To save N64bn annually from dollar-backed TBs The federal government wednesday in Abuja said its proposed $2.5 billion Eurobond already approved by the National Assembly would yield N762.5 billion proceeds for the refinancing of treasury bills. According to the government, ...

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Google Ranks Nigeria among Top Three in Global Online Search

Google Ranks Nigeria among Top Three in Global Online Search

A recent research conducted by Google has showed a rapid increase in online search among Nigerians. The research study which ranked Nigeria among the top three countries of the world that spend quality time online in search of various goods ...

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MTN Plans$500m Share Sale in Nigeria

MTN Plans$500m Share Sale in Nigeria

The MTN Group plans to raise about $500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a ...

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NPA Generates N299.56bn Revenue In 2017

BULLS: Time Conscious Hadiza

The Management of Nigerian Ports Authority has announced the sum of N299.56bn as generated revenue for 2017 fiscal year. The 2017 revenues exceeded the 2016 figure of N162.20bn by 84.65 percent and it is the highest annual income generated by ...

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