Federal – Page 65 – City Business News

July 27, 2023 No Responses

EU Adopts Final Rules On Regulating Shipping’s Climate Impact

The Council of the European Union has adopted the final rules on climate-neutral shipping as proposed in the FuelEU Maritime as a key part of the EU’s Fit for 55 package. World Maritime report that the final hurdle has been...

July 26, 2023 No Responses

NDDC Boss Harps On Partnership, Investment Opportunities Beyond Oil

The Niger Delta Development Commission (NDDC) is focused on deepening partnerships and promoting investments to secure the future of Niger Delta people in the years beyond oil-driven economy, Managing Director, Dr. Samuel Ogbuku, has said. Speaking durin...

July 25, 2023 No Responses

Nigeria, Benin Republic To Tackle Multiple Taxes On Transit Cargoes

The Nigeria Customs Service (NCS) and the Benin Republic counterpart on Monday agreed to address the multiple taxes on transit cargoes along the ECOWAS corridor. They also agreed to harmonise the import prohibition policy to ensure that whatever was banned...

July 21, 2023 No Responses

FIRS Rakes In N5.5Trillion In Six Months

The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. A statement issued by Johannes Oluwatobi Wojuola, Special Assistant to the Executive Chai...

July 21, 2023 No Responses

Shippers’ Council Visits Apapa LG, Seeks Collaboration

The management of Nigerian Shippers Council (NSC) has paid a courtesy visit to the Chairman of the Apapa Local Government, Idowu Adejumoke Senbanjo, to explore enhanced collaboration on smooth access to Apapa Ports roads. Speaking during the courtesy visit, th...

July 19, 2023 No Responses

Senate Probes NDDC’s N6.5b Shore-Line Contract

The Senate is to investigate the N6.5 billion shoreline protection contract awarded by the Niger Delta Development Commission (NDDC) in Ondo State in 2006. The Senate resolution was on the heels of a motion adopted by the Senator representing Ondo...

July 19, 2023 No Responses

NNPC Explains Increase In Fuel Price

The Nigerian National Petroleum Company Ltd, has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities. The company’s Group Chief Executive Officer, Malam Mele Kyari, stated this in an interview...

July 14, 2023 No Responses

Tinubu Declares State Of Emergency On Food Security

President Bola Ahmed Tinubu, on Thursday, in Abuja, declared a state of emergency on food security. According to the President, all matters pertaining to food and water availability and affordability, as essential livelihood items, be included within the purvi...

July 11, 2023 No Responses

FIRS Extends Due Date For Filing 2023 Companies Income Tax Returns

Companies that were unable to file Income Tax returns for the 2023 year of assessment (YOA) that fell due on the 30th of June 2023 have been given up to 31st August, 2023 to submit their returns to the Federal...

July 9, 2023 No Responses

NDDC To Award Odi Shore Protection, Erosion Control Project Contract

The Niger Delta Development Commission, NDDC, will soon start the procurement process towards the award of contract for the shore protection and erosion control of the Odi community shoreline in Kolokuma-Opokuma Local Government Area of Bayelsa State. Sp...

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 Partne...

July 7, 2023 No Responses

NECA Lauds Tinubu’s Tax Reforms, Seeks More Modifications

The Nigerian Employers’ Consultative Association (NECA) has commended steps taken by President Bola Tinubu to create conducive business climate in Nigeria through strategic tax reforms. Director-General, NECA, Adewale-Smatt Oyerinde, mad...

July 6, 2023 No Responses

Tinubu Backs $5b Floating LNG Project

Nigeria’s President, Bola Tinubu has pledged support for the implementation of a $5 billion floating Liquefied Natural Gas (LNG) project in the country. Tinubu gave the backing on Wednesday when he received a group of joint venture partne...

July 4, 2023 No Responses

Tinubu Receives Shell’s Global Upstream Director, Other Stakeholders

President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment. The President spoke Monday while receiving the delegation of the Shell Petroleum Develo...