Wednesday, February 26, 2020
New Report Rules out Naira Devaluation in 2020
A new report has revealed that naira devaluation is unlikely in 2020 despite it being nine percent overvalued and a deteriorating external position…..read more.
| N900m debt: Buhari ex-loyalist, Galadima, loses house, firm to AMCON A Federal High Court sitting in Abuja, in Suit No. FHC/ABJ/CS/1136/2019 has ordered the Asset Management Corporation of Nigeria to take over the business and assets of Bedko Nigeria Limited and Alhaji Buba Galadima….read more How Buhari regime depleted ECA by N1.5tn Between 2015 and 2019, the Federal Government withdrew N1.5tn (about $4.92bn) from the Excess Crude Account, statistics obtained from the Ministry of Finance have revealed…..read more. NLC set to oppose increase in electricity tariff The President of the Nigeria Labour Congress, Ayuba Wabba, has disclosed that the union would oppose the proposed increase in electricity tariff during its upcoming meeting with the Nigerian Electricity Regulatory Commission in Kano…..read more. Tax evasion: Tribunal orders firm to pay N1.7 billion to FIRS The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful, an assessment in an additional tax liability of almost N1.74billion awarded against Prime Plastichem Nigeria Limited (PPNL), by the Federal Inland Revenue Service (FIRS)……read more Passenger revenue lost to coronavirus hits $29.3 billion As the coronavirus epidemic continues to spread and take its toll on economies, estimates have put the lost passenger revenue at $29.3billion, with China the worst-hit….read more Nigeria recorded $29.91 billion investment inflows in 2019 About $29.91billion worth of investments were recorded in the Nigerian economy as at the end of 2019, the Nigerian Investment Promotion Commission (NIPC) report has revealed….read more Dangote Commences Pre-testing of $2bn Fertilizer Plant ahead of Inauguration Dangote Fertilizer Limited has begun the countdown to the inauguration of its $2 billion Granulated Urea Fertilizer complex, with several critical sections of the plant going through various stages of pre-commissioning and test-run….read more. |