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Daily Archives: May 14, 2020

Import Duty On Not-For-Sale Goods In Personal Baggage Is Unlawful

Ikeja Customs Nets Over N5.9 Billion In 2017

Customs to pay N5million damages A court judgment by the Federal High Court, Abuja yesterday, ruled that payment of import duty on goods and personal effects contained in a passenger’s baggage is unlawful. The Abuja Judicial Division [Coram: J.T.Tsoho, CJ] ...

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FG warns oil firms against employing foreigners illegally

FG warns oil firms against employing foreigners illegally

The Federal Government has warned oil and gas firms against the illegal use of manpower supply permits to employ expatriates in the Nigerian oil and gas industry. The Ministry of Interior, the Nigerian Content Development and Monitoring Board and the ...

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NLNG shareholders set 2025 production target for Train 7

NLNG shareholders set 2025 production target for Train 7

• Approve engineering contracts With Train 7 completion date expected in five years, shareholders of the Nigerian LNG Limited, yesterday, approved the award of engineering, procurement and construction (EPC) contracts for it’s the project. Notwithstanding the concerns about the coronavirus ...

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FG adjusts 2020 budget to N10.52tn, adopts $25 oil benchmark

FG adjusts 2020 budget to N10.52tn, adopts $25 oil benchmark

The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit is in excess of N5.3tn. The approval was made in Abuja by the Federal Executive Council meeting presided over by the ...

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NCDMB, DPR to check abuse of expatriate quota in oil sector

NCDMB, DPR to check abuse of expatriate quota in oil sector

All companies seeking to engage expatriates in the Nigerian oil and gas industry must henceforth ensure they obtain the relevant approvals from Nigerian Content Development & Monitoring Board (NCDMB), before applying for Expatriate quota, Temporary Work Permit, or other entry permits ...

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At virtual meeting, FEC okays N47b to boost electricity

At virtual meeting, FEC okays N47b to boost electricity

The Federal Executive Council (FEC) yesterday approved N47 billion for the provision of additional 40 megawatts of electricity to the national grid. Minister of Power, Sale Mamman, made the disclosure while briefing State House correspondents on the outcome of the ...

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