DPR seals four petrol stations in Abuja
The Department of Petroleum Resources (DPR) has sealed four petrol stations in Abuja for hoarding, under dispensing and other sharp practices in selling Premium Motor Spirit (PMS)
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The new President (NSE) Alhaji Aliko Dangote and Prof Ndi Okereke-Onyiuke, DG (NSE) at the 48th Annual General Meeting of Nigerian Stock Exchange (NSE) at the Stock Exchange building in Lagos. Photo: Biodun Ogunleye - Punch
Dangote pledges to assist FG to turnaround Nigeria’s economy
Foremost industrialist and richest man in Africa, Alhaji Aliko Dangote, has restated his commitment to assist the Federal Government in turning around and diversifying the country’s economy.
Oando PLC Boss, Wale Tinubu
Tinubu blames oil prices, weak naira for Oando’s loss
The Group CEO of Oando Plc, Adewale Tinubu, has blamed the company’s record loss on falling crude oil prices and the weakness on the naira.
NoViolet Bulawayo
NoViolet Bulawayo gifts Etisalat fellowship to Nigerian runner-up
Zimbabwean author, NoViolet Bulawayo, the winner of the 2014 Etisalat Prize for Literature gifts her fellowship to her runner-up.
Gombe Govt to upgrade airport to international standard
Alhaji Shehu Ahmed, Commissioner of Works and Infrastructure said funds would be utilised to remodel the airport's terminal building, provide an operational cargo terminal and cold stores for preservation of perishable goods for export.
Nigerian Oil firm plans to invest N2bn in mega filling stations
Chris Igwe, Managing Director, Mainland Oil and Gas, on Tuesday said the company planned to invest about N2 billion in mega filling stations across the country.
WAUTI Boss Urges Constructive Criticism Of Govt Policies
The President, West African Union of Tax Institutes (WAUTI), Mr Kunle Quadri, on Saturday urged Nigerians to desist from destructive criticism of government policies in the interest of national growth.
Quadri told the News Agency of Nigeria (NAN) in Lagos that constructive criticisms would enable governments to evolve policies that would protect the interest of the people.
He said that although some laws and policies were not favourable to the masses, Nigerians must always express their views properly.
``For instance, there are existing laws in the nation’s tax system which are not in the best interest of the masses.
He said that the situation resulted in multiple taxation.
Quadri said that multiple taxation persisted because taxpayers were not adequately represented in the decision making.
The WAUTI boss said that the nation’s tax system would be better when the people were involved in decision making
“Whenever tax issues come up in other countries, stakeholders arise and make meaningful submission to the parliament.''
He advised the citizens to participate well in any referendum that could be called by government to amend any laws.
World Bank Support For Low Income Countries Hits $6.7bn
World Bank Acting Vice President Keith Hansen said the overall bank financing for safety nets in low and middle income countries had reached 6.7 billion dollars in the past three years. Hansen, who is the bank’s Human Development Network, said th...
Volume Of Cash In Circulation Drops By N1.45 Trillion
The volume of raw cash in circulation dropped significantly in January as the cash-lite policy of the Central Bank of Nigeria continued to gain ground. At N1.457 trillion, currency in circulation fell by 10.7 per cent value in the review month, in cont...
Institutional Waste Management Key To Protecting Oil Communities – Expert
The Project Coordinator, Titan Integrated Environmental Management Limited, Andrew Ellea, has warned that except pro-active steps are taken to establish strong institutional arrangement that will guarantee waste disposal, the environment of oil bearing...
Globacom Ready For Mobile Number Portability
National telecoms operator, Globacom, has announced its full readiness to begin the implementation of mobile number portability on its network. This is in compliance with the directive by the Nigerian Communications Commission (NCC) to all mobile opera...
Public-Private Partnership Will End Housing Deficit – Minister
The federal government says it has identified and is collaborating with the private sector to the meet nation’s housing needs. The Minister of Lands, Housing and Urban Development, Ms Amal Pepple, disclosed this in Abuja, when she toured the on-g...
Bank Fraud: CBN Recovers N8.6bn For Customers
The Central Bank of Nigeria (CBN)’s efforts at protecting bank customers are yielding immense result as the apex bank said it has recovered N8.6 billion from banks in the country for customers that were defrauded at the end of the first quarter o...
Stock Market Records Marginal Gain
Trading activities on the floor of the Nigerian Stock Exchange (NSE) yesterday gained marginally as major blue-chip companies showed signs of bullish trend, causing market capitalisation and the All-Share Index to close in the green zone. The key...
NDIC Advocates Protection For Small Investors In Stock Market
The Nigeria Deposit Insurance Corporation (NDIC) has stressed the need for the establishment of an explicit investor protection scheme to protect the interest of small investors in the capital market and to boost public confidence among the investing p...