Operators in the oil and gas sector have listed steps that must be taken for the ‘gas revolution' project launched by the federal government to make any meaningful impact. They said the atmosphere for the smooth sail of the project cannot be laid in the little time the government has left. President Goodluck Jonathan had last week launched the project…
Last week, Goodluck Jonathan signed what has been described as binding memoranda of understanding (MoUs) with petrochemical companies from Saudi Arabia and India as well as with Chevron, AGIP, and Oando. According to the president, this step signalled the start of a Gas Revolution in Nigeria. Coming a week before general elections, we cannot fail to note the political undertones…
The Federal Inland Revenue Service (FIRS) yesterday said that the project to computerise the nation's tax system is billed to take off with the full implementation of the Unique Taxpayer Identification Number (UTIN) system in April next year. The computerisation system, which the service has been championing in conjunction with the Joint Tax Board (JTB) in the last four years,…
The Federal Inland Revenue Service (FIRS) yesterday said that the project to computerise the nation's tax system is billed to take off with the full implementation of the Unique Taxpayer Identification Number (UTIN) system in April. The computerisation system, which the service has been championing in conjunction with the Joint Tax Board (JTB) in the last four years, is expected…
The management of the Nigerian Stock Exchange (NSE) yesterday suspended Binos Yaroe, general manager, Listing and Quotation Department. He was placed on indefinite suspension over what was described as "indiscipline act". However, no further explanation was given as to the nature of the indiscipline. Mr. Yaroe, who was suspended on Tuesday, has been asked to stay off work from the…
Nigeria's First City Monument Bank said on Wednesday its pre-tax profit rose to 9.02 billion naira ($58 million) in 2010 from 856.6 million the previous year, and declared a 0.35 naira dividend per share. Gross earnings rose to 62.67 billion naira from 35.79 billion naira in 2009, the bank said in a filing with the Nigerian Stock Exchange.
30 March 2011 AC Milan vice-president Adriano Galliani has admitted that the absence of star forward Zlatan Ibrahimovic for Saturday's derby against Inter Milan is a huge blow. The Sweden forward is serving the second of a two-match ban imposed for striking Bari's Marco Rossi in the ribs. He was originally banned for the regulation three games for violent conduct…
‘The times they are a-changing!’ Really? Remember the old Bob Dylan song? Well, that is exactly what has happened last weekend in the southern German state of Baden-Wuerttemberg. In what must be a historic turning point, the German Green Party is the winner of regional elections, and Winfried Kretschmann thus becomes the first Green Minister-President in Germany. This victory, which…
As the deadline for campaign by political parties contesting the April elections draws nearer, most of the presidential candidates are yet to campaign for votes in Cross River State. Apart from President Goodluck Jonathan has held a rally in the state, others like: Ibrahim Shekarau of the ANPP, Mohammadu Buhari of the CPC, Pat Utomi of the SDMP, Chris Okotie…
The Ekiti State government yesterday approved the promotion of civil servants who are due for promotion with effect from January 2010. The government has also appealed to labour unions for more understanding on the issue of pay relativity, saying what it receives from the Federation Account and Internally Generated Revenue are too meagre to accommodate the pay rise being demanded.…