The Federal Government is considering a single-digit tax regime to reduce the burden of multiple taxations on Nigerians. The Chairman of the Presidential Committee on Fiscal and Tax Reforms, Taiwo Oyedele, made this known in an interview on Television station.…
…First tranche of $150m disbursed in October African Export-Import Bank (Afreximbank) has approved a $200 million Corporate Finance Facility in favour of BUA Industries Limited (BIL) to support its expansion plans. BIL is a Nigerian conglomerate with diversified business interests…
The Renewable Energy Association of Nigeria (REAN) and Access Bank have displayed their commitment towards ensuring that renewable energy issues are brought into the front burner. This was demonstrated at the Renewable Energy Conference 2024 organized by REAN with the…
Nigerian firm, BFI Group, the core investor in Aluminum Smelter Company of Nigeria (ALSCON), has signed an agreement with China National Chemical Engineering International Corporation Ltd. (CNCEC International) to resuscitate the 135MMscfd Gas Processing plant in ALSCON Plant Ikot Abasi,…
By Seun Ibiyemi The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finalised an agreement with Dangote Refinery to directly source petroleum products, including petrol, diesel, and kerosene. This development, announced on Monday by IPMAN’s National President, Abubakar Garima, marks…
Investors in the Nigerian equities market gained N188 billion at the close of trading on Friday. This followed a surge in the share prices of stocks like Aradel, Conoil and John Holt amongst others on the trading floor. After five…
First City Monument Bank (FCMB) is set to promote sustainable energy living with its loan offer of N30 million. The offer, which is available to Nigerian households and small businesses, will aid them to buy solar panels, batteries, inverters, and…
As part of efforts by the Nigeria Deposit Insurance Corporation (NDIC) to pay liquidation dividends to uninsured depositors of the failed Heritage Bank, the Corporation has announced that it will be auctioning landed properties and chattels of the defunct bank.…
By Matthew Denis Key stakeholders from Nigeria’s tourism, hospitality, and cultural sectors convened in Lagos for a pivotal validation event dedicated to Nigeria’s Draft National Tourism Policy. Hosted by the Ministry of Arts, Culture, Tourism, and the Creative Economy in…
The Federal Government’s budget deficit has risen to 7.5 per cent of the country’s Gross Domestic Product as of August 2024, reflecting a significant widening of the gap between government revenue and expenditure. A member of the Central Bank of Nigeria…
