SECTORS

Oil Prices Crash Further On Global Economy Slowdown

Oil prices crashed further on Tuesday as concerns about a global economic slowdown and growing COVID-19 cases in China reduced risk appetite among traders. West Texas Intermediate lost as much as eight per cent to slip under $96 a barrel. Reports show that rising…

13/07/2022

Decade of Gas: FG to Spend $2bn Investment Yearly on Infrastructure Devt, Says NLNG

The Nigeria Liquefied Natural Gas (NLNG) Limited has said the federal government would need to make capital investments worth $2 billion every year with counterpart funding from the private sector to enable the delivery of specified infrastructure projects listed on the Decade…

12/07/2022

Fuel Queues To Vanish In 3 Days, NNPC GMD Assures

Abuja and Lagos residents may smile again soon as the Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), Mr Mele Kyari, has assured that the horrific petrol scarcity in the two locations would vanish in three to four days’…

12/07/2022

Directors Of 10 Banks Pocket N6.96bn Allowance, Compensation

Directors of 10 banks collected N6.96bn sitting allowance and compensation in 2021, according to an analysis of the lenders’ financial results. The amount represents an increase of 3.32 per cent from N6.74bn the directors received in 2020. The 10 banks are: United Bank for…

12/07/2022

Alleged Unpaid Debts: Osibodu, Dantata Lose Benin, Kano, Kaduna DisCos To Fidelity Bank, Afrexim

Four electricity Distribution Companies (DisCos) are to be managed by new boards following their takeover by banks and the Assets Management Corporation of Nigeria (AMCON). They are Kano, Benin, Kaduna and Ibadan DisCos. Fidelity and AFREXIM banks, which collateralized the shares of Kano, Benin…

08/07/2022

DMO Lists 2 FGN Savings Bonds For Subscription At N1,000 Per Unit

The Debt Management Office (DMO) on Monday announced the listing of two FGN savings bonds for subscription for the month of July. It stated that the first is a two-year savings bond due on June 15, 2024, at an interest rate of 8.2…

08/07/2022

New Petroleum Law Cutting Govt’s Oil Revenue Generation – Report

The implementation of the Petroleum Industry Act (PIA) 2021 has a significant implication for the revenue mobilization and fiscal roles of the Nigerian government, including a cut in revenue by the Nigerian National Petroleum Company Ltd (NNPCL). This was contained in a…

08/07/2022

FIRS Extends Timeline For Firms To File Income Tax Returns

The Federal Inland Revenue Service (FIRS) has bowed to pressure from companies and agreed to extend the deadline for the filing of Company Income Tax (CIT) returns to August 31, 2022. The extension of this deadline is contained in a statement by the…

08/07/2022

EU Rolls Out $1.3 Billion To Help Nigeria Diversify Its Economy

The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa’s most populous country diversify its economy away from oil, a document from the bloc showed on Monday. Nigeria has been trying…

07/07/2022

IBEDC Management Intact, Ignore BPE, NERC, Says Receiver/Manager

The Receiver/Manager’s Nominee of Integrated Energy Distribution and Marketing Company (IEDM), yesterday said it is the legal and beneficial owner of 60 per cent (controlling and managing) shareholding interests in Ibadan Electricity Distribution Company (IBEDC). It advised the public to ignore a…

05/07/2022

SECTORS

Oil Prices Crash Further On Global Economy Slowdown

Decade of Gas: FG to Spend $2bn Investment Yearly on Infrastructure Devt, Says NLNG

Fuel Queues To Vanish In 3 Days, NNPC GMD Assures

Directors Of 10 Banks Pocket N6.96bn Allowance, Compensation

Alleged Unpaid Debts: Osibodu, Dantata Lose Benin, Kano, Kaduna DisCos To Fidelity Bank, Afrexim

DMO Lists 2 FGN Savings Bonds For Subscription At N1,000 Per Unit

New Petroleum Law Cutting Govt’s Oil Revenue Generation – Report

FIRS Extends Timeline For Firms To File Income Tax Returns

EU Rolls Out $1.3 Billion To Help Nigeria Diversify Its Economy

IBEDC Management Intact, Ignore BPE, NERC, Says Receiver/Manager

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