Economy Archives — Page 100 of 231

August 12, 2023 No Responses

Gas Retailers Task FG On More LPG Local Production

THE Liquefied Petroleum Gas Retailers (LPGAR) has suggested to the Federal Government to establish more local LPG production plants, and encourage storage and transportation of the product to avert price hike. Mr Ayobami Olarinoye, the Branch National Chairman of LPGAR,...

August 12, 2023 No Responses

Edo Begins Recertification Exercise For Gas, Petrol Stations

The Edo State Government through the State’s Ministry of Physical Planning, Housing, Urban and Regional Development, has kicked off a recertification exercise for gas and petrol stations in the State. In a statement, the Permanent Secretary, Edo State Minist...

August 11, 2023 No Responses

NGX Partners CSCS, Euroclear On Dollar Settlement Platform For Fintechs

Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups to raise in dollars. The Exchange stated that this...

August 11, 2023 No Responses

Plastic Pollution: NSML Unveils Clean Waterways Initiative

NLNG Shipping and Marine Services Limited (NSML) has launched its Clean Waterways Initiative, a programme to raise awareness of the dangers of plastic pollution and to advocate for action to address the issue. Speaking on the initiative, the Chief Execut...

August 10, 2023 No Responses

Committee Projects FIRS As Sole Revenue Collection Agency For FG

Barring last-minute adjustment, a proposal by the Presidential Committee on Tax Policy and Fiscal Reforms may stop about 63 Ministries, Department and Agencies (MDA) from collecting revenue on behalf of the Federal Government. Some of the agencies are the Nige...

August 10, 2023 No Responses

Coscharis Group Appoints Fred Amobi DGMD

Following the exit of Dr. Okey Nwuke, the board of Coscharis Group has approved the appointment of Mr. Fred Amobi as the Deputy Group Managing Director (DGMD) of the organization effective from 1st August 2023. In a statement sent to...

August 10, 2023 No Responses

SEC, PENCOM, NGX Reiterate Commitment To Deepening Securities Lending

With the aim of enhancing investor participation and securities lending transactions in the Nigerian capital market, the Securities and Exchange Commission (SEC), National Pension Commission (PENCOM) and Nigerian Exchange Limited (NGX) have reaffirmed their co...

August 9, 2023 No Responses

ACAMB To Brainstorm On Marketing Financial Services In Dynamic Times

The Association of Corporate Affairs Managers of Banks (ACAMB), the umbrella body of corporate and marketing communication professionals working in Deposit Money Banks (DMBs) in Nigeria, has announced Thursday, August 17, 2023, as the date for its 2nd National...

August 9, 2023 No Responses

Zenith Bank, AfCFTA Sign $1m Smart Portal Trade Deal

Zenith Bank Plc, on Tuesday, signed a Memorandum of Understanding (MoU) with the African Continental Free Trade Area (AfCFTA) to build a smart portal for trade on the African continent. Under the arrangement, Zenith is to fund the single ...

August 9, 2023 No Responses

NPA Partners Agencies On Accelerated Import, Export

The Nigerian Ports Authority (NPA) is working closely with other government agencies such as Customs, Shippers’ Council and Nigerian Maritime Administration And Safety Agency (NIMASA) to ensure that imports and exports are cleared out of the port f...

August 8, 2023 No Responses

Nigeria To Remove Taxes On Tomatoes, Raw Food Items

The Federal Government will soon end taxes on tomatoes and other raw food items, Chairman, Joint Tax Board (JTB), Mr Muhammad Nami, disclosed on Monday. Nami stated this on Monday at the 153rd JTB meeting with theme: “Harmonisation and codification...

August 8, 2023 No Responses

Seplat Energy’s Gas Revenue Grows To $63.7m

Seplat Energy Plc has within a year experienced a 10.2 per cent gas revenue, reaching $63.7 million in 6M 2023 (compared to $57.8 million in 6M 2022). This growth is attributed to increased realised gas prices and a rise in sales...

August 8, 2023 No Responses

Hard But Necessary Reforms, Imperative To Ramp Up Tax Revenues, Says Muhammad Nami, Chairman Joint Tax Board

For Nigeria to attain optimum tax revenue collection capacity across the Federal, States and Local Government tax authorities, the country must make hard but necessary reforms that would yield long term benefits. This was the position stated by the Chairman...

August 8, 2023 No Responses

NAFDAC Gazettes Two Regulations On Fat, Oil

THE National Agency for Food and Drug Administration and Control (NAFDAC) says the body has gazette the reviewed Fats, Oil and Food containing Fats and Oil Regulation 2022, in a bid to safeguard the health of Nigerians. Prof. Mojisola Adeyeye...