Category: Economy

Tinubu Raises Committee On Tax Reforms
July 8, 2023 No Responses

Tinubu Raises Committee On Tax Reforms

President Bola Tinubu has established a presidential committee on fiscal policy and tax reforms.  In a statement on Friday, Special Adviser to the President on Special Duties, Dele Alake, revealed that the committee will be chaired by Fiscal Policy Partner...
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Adulteration: Palm Oil Farmers Seek Collaboration With FG
July 4, 2023 No Responses

Adulteration: Palm Oil Farmers Seek Collaboration With FG

The National Palm Produce Association of Nigeria (NPPAN) has called on the Federal Government to collaborate in establishing palm oil markets aimed at combatting oil adulteration. In an interview with the News Agency of Nigeria (NAN) in Abuja, Mr Alphonsus...
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Guinness Nigeria Appoints Joan Hodgins Vice Chair
July 4, 2023 No Responses

Guinness Nigeria Appoints Joan Hodgins Vice Chair

Guinness Nigeria Plc has appointed Diageo’s Global Talent Director, Ms. Joan Hodgins as a Non-Executive Director and Vice Chair of the Board of Directors effective July 1, 2023. In a notice, Guiness Nikeia Plc also disclosed the retirement of Mr Dayalan...
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Frank Nneji, ABC Transport CEO Retires, Hands Over To Brother
July 4, 2023 No Responses

Frank Nneji, ABC Transport CEO Retires, Hands Over To Brother

  By Moses Ebosele, ebosele@hotmail.com The Managing Director/ Chief Executive Officer of ABC Transport Plc, Frank Nneji has retired effective June 30, 2023. A notice to the Nigerian Exchange obtained by City Business News on Tuesday explained that Nne...
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Naira Drops Further, Exchanges At N769.25 To Dollar
July 1, 2023 No Responses

Naira Drops Further, Exchanges At N769.25 To Dollar

Again, the Naira on Friday dropped against the dollar, exchanging at N769.25 at the investors and exporters window. The Naira depreciated by 0.82 per cent compared with N763, which it exchanged for the dollar before the Eid-el-Kabir holiday that began...
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CORAN Urges More Modular Refineries Investment In Nigeria
June 30, 2023 No Responses

CORAN Urges More Modular Refineries Investment In Nigeria

As part of measures to improve oil and gas downstream, the Chairman, Board of Trustees, Crude Oil Refiners Association of Nigeria (CORAN), Captain Emmanuel Iheanacho has called for encouragement for greater investment in the establishment of modular refineries...
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SEC Explains Amendments To Rules On Shelf Registration
June 26, 2023 No Responses

SEC Explains Amendments To Rules On Shelf Registration

The Securities and Exchange Commission( SEC) has exposed some Proposed amendments to rules on Shelf Registration and Pre-offer Waiting Period. SEC at the weekend explained  that the Sundry Amendments are being made to Rule 279(3) on Shelf Registration and...
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SAHCO Promises Shareholders Enhanced Dividends In 2023
June 24, 2023 No Responses

SAHCO Promises Shareholders Enhanced Dividends In 2023

The Chairman of Skyway Aviation Handling Company PLC (SAHCO), Dr Taiwo Afolabi, has promised better dividends for the shareholders of the company for the  current financial year ending Dec. 31, 2023. Afolabi gave the promise at the 13th Annual General...
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FRC, ISSB, NGX RegCo, To Unveil IFRS 1, IFRS 2
June 23, 2023 No Responses

FRC, ISSB, NGX RegCo, To Unveil IFRS 1, IFRS 2

To provide full information, support investor decision-making and facilitate international comparability to attract capital, the Financial Reporting Council (FRC) of Nigeria and NGX Regulation Limited (NGX RegCo) is set to organize and host the launch of the f...
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AfDB Approves $23.04m For Floating Dock Facility In Ghana
June 23, 2023 No Responses

AfDB Approves $23.04m For Floating Dock Facility In Ghana

The Board of Directors, African Development Bank (AfDB) has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction of a modern floating dock ship repair facility in Ghana’s western...
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Agribusiness: Ecobank Restates Commitment To Youth Empowerment  
June 22, 2023 No Responses

Agribusiness: Ecobank Restates Commitment To Youth Empowerment  

The Managing Director and Regional Executive, Ecobank Nigeria, Bolaji Lawal has reiterated the bank’s commitment to supporting any investment that will stimulate the growth of Nigeria’s economy and transform the opportunities in Nigeria into business ...
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FIRS Partners Market Traders Association On VAT Remittance From Informal Sector 
June 22, 2023 No Responses

FIRS Partners Market Traders Association On VAT Remittance From Informal Sector 

The Federal Inland Revenue Service (FIRS) has partnered Market Traders Association of Nigeria (MATAN) as part of measures to collect and remit Value Added Tax (VAT) to the FIRS from markets, especially in the informal sector.   The Association which ...
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Edo Partners FAO On $3m Forest Conservation, Biodiversity
June 22, 2023 No Responses

Edo Partners FAO On $3m Forest Conservation, Biodiversity

The Edo State Governor, Mr. Godwin Obaseki, has said the government is partnering with the United Nations Food and Agriculture Organization (FAO) and three other States in the Country on biodiversity and forest conservation. Obaseki, who said this while briefi...
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Obaseki Seeks More Investments As Benin Record 5,600 CNG Vehicles
June 21, 2023 No Responses

Obaseki Seeks More Investments As Benin Record 5,600 CNG Vehicles

The Edo State Governor, Mr. Godwin Obaseki, has called on investors to make investments in alternative sources of energy, such as natural gas in the wake of subsidy removal, which has led to a hike in transportation costs. The governor,...
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