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Proposed Aircraft maintenance Leasing Facility: FG shortlists Airlines

Proposed Aircraft maintenance Leasing Facility: FG shortlists Airlines

The Federal Government on Monday shortlisted Ethiopian Airlines and a consortium of A. J. Walters/Glovesly/Egypt Air for its proposed aircraft Maintenance Repair and Overhaul facility. According to a report by the VANGUARD, The consortium of A. J. Walters/Glovesly/Egypt Air was also shortlisted as the preferred bidder for FG’s Aviation Leasing Company. The Director, Public Affairs, […] Read More

FG to introduce Tax incentives to boost Capital Market

FG to introduce Tax incentives to boost Capital Market

Mrs. Zainab Ahmed, Minister of Finance, Budget and National Planning, has promised that the federal government would introduce more tax incentives to boost investment in the Nigerian capital market. This assurance she gave during a recent courtesy visit to the Nigerian Stock Exchange (NSE), saying that the ministry would work with the Exchange to put […] Read More

FG to register Artisan miners. Buy up local produced gold

FG to register Artisan miners. Buy up local produced gold

The Federal Government has begun the registration of artisanal miners, following the commencement of the Presidential Artisanal Gold Mining Development Initiative Bio-metric Exercise. The registration exercise was flagged off in Yauri Local Government Area of Kebbi State on February 22. According to a report by the PUNCH, The exercise, which is supported by the Central […] Read More

Manufacturing declines as 2.27% GDP growth surpasses IMF projection

Manufacturing declines as 2.27% GDP growth surpasses IMF projection

The National Bureau of Statistics released the Gross Domestic Product report for the 2019 fiscal year with the economy growing by 2.27 per cent in 2019. The annual GDP growth rate of 2.27 per cent, according to the NBS, represents an increase of 360 basis points over the growth rate of 1.91 per cent recorded […] Read More

NERC places limits on Discos’ estimated billing

NERC places limits on Discos’ estimated billing

The Nigerian Electricity Regulatory Commission has placed limits on estimated bills that can be issued by electricity distribution companies to unmetered customers. It said it had cancelled the Estimated Billing Methodology Regulation as a basis for computing the consumption of unmetered customers by the Discos. The PUNCH reports NERC disclosed this in its order on […] Read More

We have not placed Ban on Domiciliary Account Deposit – CBN

We have not placed Ban on Domiciliary Account Deposit – CBN

The Central Bank of Nigeria has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks. The PUNCH Newspapers  reports In a statement on Sunday, the Director, Corporate Communications, CBN, Isaac Okorafor, clarified the uncertainties surrounding the operations of domiciliary accounts in Nigeria. He said, “The bank has […] Read More

Dangote Group partners Transit Support Services, Invests N63bn

Dangote Group partners Transit Support Services, Invests N63bn

Dangote Group has entered into a long-term agreement with an Enugu-based automaker, Transit Support Services Limited, for the supply of Shacman trucks being assembled at the Anambra Motor Manufacturing Company Limited’s factory in Emene, Enugu. According to a report by the PUNCH, the group already purchased 3,500 trucks from the automaker worth N63bn, according to […] Read More

7.5 per cent increase in VAT is the lowest in Africa – Osinbajo

7.5 per cent increase in VAT is the lowest in Africa – Osinbajo

Nigeria’s Vice President, Yemi Osinbajo, has said that the 7.5 per cent value-added tax in the country, remains the lowest in Africa, the DailyPost reports The federal government increased VAT from 5% to 7.5% from February 1, 2020. Speaking in Lafia, the Nasarawa State capital, Osinbajo explained that no payment of VAT on food, drugs […] Read More

NIMASA seeking partnership to remove marine litter

NIMASA seeking partnership to remove marine litter

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside on Thursday, urged stakeholders in the maritime industry to collaborate with the agency in reducing the threat of marine litter to  food security and the ecosystem to boost economy. The Nation Newspapers reports. Addressing over 1,000 participants at the launch of the Maritime […] Read More

9mobile expands its 4G Services to 16 more cities

9mobile expands its 4G Services to 16 more cities

9mobile, the leading telecommunication company in Nigeria says it is expanding its 4G LTE deployment to more cities. This is part of its quest to continue providing superior quality services to its customers. According to a report by the NATION, Stephane Beuvelet, its Acting Managing Director recently spoke with reporters in Lagos. He said the […] Read More

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