By Our Correspondent The Federal Government is set to reform tax administration to address various challenges facing revenue generation in the country. Mr Zacch Adedeji, Special Adviser to President Bola Ahmed Tinubu on Revenue Matters, said this in a paper presentation at the second virtual TOPAZ 88 Second Lecture Series on Saturday. The NewsZenith reports […]
From Our Correspondent in Abuja A Presidential aide has challenged trade and industry stakeholders to initiate the right policies and proper implementation of the existing laws to address challenges affecting operation of free trade zones (FTZs) in Nigeria. Special Adviser to the President on Industry, Trade and Investment, John Uwajumogu, stated this at a stakeholders […]
By Our Correspondent The Nigerian Labour Congress (NLC) has berated the Federal Government over the astronomic hike in the pump price of petrol and the “unrealistic palliative” it earlier announced. Reacting to Tuesday’s price hike, President of the Nigeria Labour Congress (NLC), Joe Ajaero rejected and described it as “anti-people”. Speaking on Channels Television Politics […]
By Abdulfatah Babatunde Nigerian motorists woke, on Tuesday, into the agony of another hike in the pump price of petrol from N488 to N617 per litre. TheNewsZenith reports that many fuel stations in Lagos now sell at between N598 and N614 per litre against the old price template of N488 per litre. At Mobil, Oando […]
By Abdulfatah Babatunde The National Agency for Science and Engineering Infrastructure (NASENI) has invited foreign investors to collaborate on local production and domestication of Lithium batteries and other renewable energy solutions in Nigeria. Bashir Gwandu, CEO of NASENI announced this while receiving business delegation from LEMI Technology Shenzhen, China, on Monday in Abuja. Ms Joyce […]
The Nigeria Customs Service (NCS), Kwara State Command, says it generated about N6.25 billion as of the end of June, this year. The Area Comptroller, Kehinde Ilesanmi, announced this during an interaction with newsmen, on Friday in Ilorin. Ilesanmi said the amount represents a 9.14 per cent increase in revenue in comparison with the same […]
By Our Correspondent Acting Comptroller-General of the Nigeria Customs Service (NCS), Wale Adeniyi, says Nigeria’s fuel is still being smuggled out persistently despite the removal of subsidy. Adeniyi said this while speaking with State House correspondents after a meeting with President Bola Tinubu at the Presidential Villa, on Tuesday, in Abuja. He said it would […]
The Asian Development Bank (ADB) has approved $190 million in additional funding for ongoing Rural Connectivity Improvement Project in Bangladesh. Masahiro Nishimura, Principal Rural Development Specialist of Environment, Natural Resources, and Agriculture division in the South Asia department of the ADB, announced the approval in a statement Tuesday. “This is ADB’s second additional financing for […]
The African Development Bank (AfDB) has appointed a new director for Syndication, Co-financing and Client Solutions Department, effective July 1. He is Mr Max Magor Ndiaye. Ndiaye is a structured finance, risk management and capital markets professional with 20 years of international public and private sector experience. Before this appointment, he served as the Acting […]
Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters – Saudi Arabia and Russia – against the backdrop of an uncertain global economic outlook. Brent crude futures climbed 32 cents, or 0.42 per cent, to $75.73 a barrel by 0805 GMT. U.S. West Texas Intermediate crude was at $70.96 […]