Business

The efforts by the Nigerian government to ramp-up oil and gas production to generate more revenue have continued to receive a boost as Shell Nigeria Exploration and Production Company Limited (SNEPCo) Thursday announced that the 2022 Turnaround Maintenance (TAM) of the Bonga Floating Production Storage and Offloading (FPSO) vessel has been completed. The Bonga FPSO, with …

The senator representing Kaduna Central and Chairman, Senate Committee on Banking Insurance and other Financial Institutions, Uba Sani, has said that the naira redesign will curb corruption and terrorism financing in the country.Sani said this in a statement in Kaduna on Thursday. The Nigerian Senate, in a resolution on Wednesday, …

The National Bureau of Statistics has disclosed that 133 million Nigerians are multidimensionally poor. In its latest National Multidimensional Poverty Index Report launched on Thursday, the NBS said that 63 per cent of Nigerians are poor due to a lack of access to health, education, and living standards, alongside unemployment …

The Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari on Wednesday, approved a total sum of 2,578,948,164.36 for the procurement of operational vehicles for the Federal Road Safety Corps (FRSC), Special Adviser to the President on Media and Publicity, Femi Adesina who disclosed the information, noted that …

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has queried the non-remittances of revenue generated by some agencies classified as Government-Own Enterprises (GOEs) to the Federation Account. Speaking at a retreat on the Federation Accounts Allocation Committee (FAAC) Post-Mortem Sub-Committee in Asaba, Delta State capital, the chairman of the commission, …

 The Federal Inland Revenue Service has announced the opening of 25 new Tax Offices across the country. These new Tax Offices, approved by the Muhammad Nami led management, are part of the Service’s goal to bring tax services nearer to the tax paying public while bringing FIRS nearer to the public. These …

The capital market in Nigeria has been described as important to the economy of the nation as it is capable of providinggovernment the much needed revenue for infrastructural development. This was stated by the Chairman of the Senate Committee on Capital Market, Senator Ibikunle Amosun during the budget defense exercise by the Securities …

The Senate witnessed a rowdy session on Wednesday as senators deliberated a motion on the Naira Redesign Policy of the Central Bank of Nigeria, moved by the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani. Sani, in the prayers to his motion, urged the Senate …

Nigeria’s leading commodities market player AFEX unveiled its 2022 Wet Season Crop Production Report in a hybrid event hosted at the AFEX office in Abuja on the 16″ of November 2022. The report which seeks to provide accurate reliable data to aid the understanding of national food system through farmer …

In recognition of the fact that cyber risk poses a significant threat to market confidence, integrity and efficiency, the need for a robust strategy for mitigating such risks has been emphasised. Director General of the Securities and Exchange Commission, Mr. Lamido Yuguda who said this during the Central Securities Clearing System …