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How more taxes'll reduce debt load - FG
Economy

How more taxes’ll reduce debt load – FG

The Federal Government said the collection of more taxes and is diversion to the right fiscal sectors of the economy will help curtail excessive external borrowing and lessen the high debt burden in Nigeria. According to The Punch, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at a tax expenditure workshop […]

Terrorism: US slams $778m fine on Lafarge
News

Terrorism: US slams $778m fine on Lafarge

The United States Government has slammed a heavy fine around the tune of $778m on French cement giant Lafarge. According to the US Justice Department said on Tuesday, Lafarge had admitted to providing material support to Islamic State and other terror groups during the Syrian civil war. The Justice Department has called Lafarge’s decision to […]

Kogi to revoke BUA's CofO over unpaid land
Business News

Kogi to revoke BUA’s CofO over unpaid land

Kogi House of Assembly threatened to revoke the Certificate of Occupancy of the cement manufacturing firm, BUA Group, over unpaid 50,000 hectares of land it acquired 10 years ago. According to the News Agency of Nigeria, BUA Group on Monday was later summoned by the lawmakers at a public hearing of one of its ad-hoc […]

Flood: Gas scarcity looms as NLNG stops operations
News

Flood: Gas scarcity looms as NLNG stops operations

Gas scarcity is expected to hit across the 36 States of the Federation as the Nigeria Liquefied and Natural Gas company has shut down its operations because of the widespread flooding that has disrupted supply. According to The PUNCH, this was disclosed by the spokesperson of the company, Andy Odeh who declared a Force majeure […]

Buhari
Economy Uncategorized

Nigeria ranks 13th on GII’s most innovative economies

Nigeria fell behind the likes of Rwanda, Mauritius and Madagascar on the list of most innovative economies in Sub-Saharan Africa, according to the 2022 Global Innovation Index. BusinessDay reported that the index ranked Nigeria, Africa’s largest economy, 13th on the list just as the country ranked 114th in the World Intellectual Property Organization’s annual index. […]

Kogi sues Dangote over Obajana ownership
Business News

Obajana: FG reopens plant, Kogi, Dangote continue talks

The Federal Government has reopened the Dangote Cement Plant located in Obajana, Kogi State after it was shut down by the state government. The plant was closed over issues bordering on the legality of the company’s acquisition of the defunct Obajana Cement Company. According to The PUNCH, the plant was reopened after an order by […]

Group backs sale of NNPC
Oil and Gas

Group backs sale of NNPC

The Nigerian Forum for Good Governance has shown support towards the sale of the Nigerian National Petroleum Corporation because of its poor performance, especially, in recent years. This comes after bold statements made by the 14th Emir of Kano, Alh. Sanusi Lamido Sanusi and the Governor of Kaduna State, Nasir El-Rufai, on scrapping and sale […]

Oil theft: More illegal pipelines uncovered in Delta
Oil and Gas Uncategorized

Oil theft: More illegal pipelines uncovered in Delta

Tantita Security Services Nigeria Limited, an oil pipeline surveillance team hired by the Federal Government to combat crude oil theft, is said to have discovered more illegal crude oil pipelines connected to the Trans Forcados Export Trunkline. The Punch reported that the newest discoveries by the firm led by High Chief Government Ekpemupolo, also known […]

Ekiti airport welcomes first aircraft
Ports and Airports Uncategorized

Ekiti airport welcomes first aircraft

The new Cargo Airport in Ado-Ekiti, Ekiti State capital received its first aircraft,  aNAF 930 plane, on Saturday amidst fanfare. Vanguard reported that the airport was officially inaugurated on Saturday by the Aviation Minister, Haidi Sirika The Ekiti State governor, Dr. Kayode Fayemi, and his wife were on the ground to welcome the multipurpose commercial […]

VIDEO: Sanusi credits Lagos' economic growth to continuity
News

Why FG should disband NNPC – Sanusi

A former Governor of the Central Bank of Nigeria and deposed Emir of Kano, Lamido Sanusi, on Saturday gave reasons why the Federal Government should disband the Nigerian National Petroleum Company Limited. According to The PUNCH, Sanusi, who spoke at the 7th edition of the Kaduna Investment Summit (KADinvest 7.0) organised by the Kaduna Investment […]

FG, firm to build $1.5bn fertiliser complex
Business News

FG, firm to build $1.5bn fertiliser complex

A global provider of phosphate and its derivatives, OCP Africa and the Federal Government are set to build a $1.5bn fertilizer complex in Akwa Ibom State. According to The PUNCH, the firm in partnership with FG will establish a multi-billion dollar fertilizer complex in Nigeria to deepen the use of standard fertilizers by Nigerian farmers. […]

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