Friday, December 11, 2020 ‘FG Granted N342bn Waivers to Importers in Two Years’ The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has disclosed that the federal government granted about N342 billion waivers to importers in the last two years. She stated this while speaking at the second phase of a one-day sensitisation…
Thursday, December 10, 2020 Gencos: We have Increased Power Generation by 93% Since 2013 Despite the underperformance of the power sector since privatisation in 2013, Electricity Generation Companies (Gencos) in the country said they have succeeded in achieving a 93 per cent increase in generation in the past seven years. Read more Assessing Impact of…
Wednesday, December 09, 2020 Fidelity Bank to Raise N75bn through Bond Sale Fidelity Bank Plc has started to raise N75 billion to support small and medium enterprises (SMEs), retail business as well as investments in technology and infrastructure. The financial institution is issuing N75 billion Series 1, 10 year Fixed Unsecured subordinated bonds under its…
Tuesday, December 08, 2020 NBS: Foreign Trade Rises to N8.37tn in Q3 The value of Nigeria’s merchandise trade stood at N8.37 trillion in third quarter of the year (Q3 2020) representing an increase 34.15 per cent compared to N6.24 trillion in the preceeding quarter. This, however, indicated a decline of 8.85 per cent compared to…
Friday, December 04, 2020 NSE: Application of 0.08% Stamp Duty Begins December 7 The Nigerian Stock Exchange (NSE) yesterday said from Monday, December 7, the Stamp Duty rate of 0.08 per cent on securities transactions in the market will be implemented. The new duty was revised from 0.075 per cent previous charge. According to the…
Thursday, December 03, 2020 Interpol Raises the Alarm over Fake COVID-19 Vaccines in Nigeria, Others The International Criminal Police Organisation (INTERPOL) has alerted Nigeria, South Africa, the United Kingdom, the United States, and 190 other countries of threat from organised criminal groups during the upcoming COVID-19 vaccination campaigns, including fake vaccines and the theft of…
Wednesday, December 02, 2020 FG Urged to Develop Robust Retirement Plan The federal government has been advised to develop a robust retirement plan that will cater for the welfare of hardworking Nigerians who spent their youthful years contributing to the development of the society. Government was also advised to consider the institutionalisation of retirement planning…
Tuesday, December 01, 2020 Biovaccines Pledges to Produce COVID -19 Vaccines in Nigeria Nigeria’s local vaccine production company, Biovaccines Nigeria Limited (BVNL) has said it will ensure that Nigeria is served coronavirus vaccines simultaneously with other parts of the world as soon as the World Health Organisation (WHO) gives its nod for the use of…
Thursday, November 26, 2020 OPEC Seeks $12.6tn Investments to Revamp Global Oil Industry The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that the global oil industry will require about $12.6 trillion investments in the downstream, midstream as well as upstream to sustain its innovative and production efficiency in the next 25 years. Read more…
Wednesday, November 25, 2020 Senate Seeks 1% VAT to Compensate Riot-ravaged States There was an uproar on the floor of the Senate yesterday as senators debated a motion seeking to compensate states wracked by the violence associated with the recent #ENDSARS protests. The Senate, after the debate asked the federal government to reserve one percent…