…Reps stop disbursement of $700m CVFF fund to Nigerian shipowners By Seun Ibiyemi The disbursement of Cabotage Vessel Finance Fund (CVFF) is currently being stalled by the proposed interest rate of 8.5 per cent by commercial banks, a requirement which…
By Ibiyemi Mathew The Organised Private Sector of Nigeria (OPSN) has opposed the recently announced increase in excise rates as contained in the circular dated 20th April 2023, signed by the Honourable Minister of Finance, Budget and National Planning. The OPSN…
Despite economic challenges, political tensions, fuel and naira shortages that slowed down business activities in Q1 2023, credit to the private sector increased an all-time high of N43.07 trillion, with expectations of a further increase in the year. In contrast,…
By Matthew Denis The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar for collaboration with the Corporation in the diligent and timely prosecution of failed bank cases over the…
By Seun Ibiyemi The Federal Government has again brought forward the implementation of a 5 percent excise duty on telecommunications services. This is even as its introduced new set of taxes on beer, imported vehicles and single use plastics. It…
The Debt Management Office (DMO) has assured Nigerians that the various Federal Government Securities are safe, risk-free and offer good returns on investment. The Director-General of the DMO, Patience Oniha stated this on Thursday at the FGN Securities Issuance Awareness…
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the Federal Government to use the 2023 population census to harmonise the various data platforms into a central database. Its National President, Ide John Udeagbala,…
By Seun Ibiyemi The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called off its industrial action which constrained export activities of up to 300,000 barrels of oil per day across all ExxonMobil locations in Nigeria. This…
…As NIMASA, PAP synergise to engage youths in maritime opportunities By Seun Ibiyemi The Director General of the Nigerian Maritime Administration and Safety Agency,(NIM ASA), Dr. Bashir Jamoh, OFR has stated that inter-agency collabo ration is critical to sustaining the…
Transnational Corporation Plc (NGX: TRANSCORP), Nigeria’s largest diversified conglomerate, with investments in Power, Hospitality, and Oil & Gas, held its Investors and Analysts Conference Call on Thursday, April 20, 2023. The call discussed Transcorp’s Full Year 2022 and Q1 2023 financial results and provided an…
