Tag: Nigeria

How more taxes'll reduce debt load - FG
Business

FG re-introduces excise duty on telecoms – Report

The Federal Government has once again begun plans to implement the 5% excise duty on telecommunications services. Nairametrics reported that this additional tax is part of the new Fiscal Policy Measures for 2023, which were announced on April 20, 2023, through a Circular signed by the Minister of Finance, Budget, and National Planning, Zainab Ahmed. […]

IOT West Africa flier organised by Vertex Next
Business featured

Dubai firm to host tech event in Nigeria 

Dubia headquartered firm, Vertex Next has stated that it would be hosting an event that focuses on emerging trends in blockchain technology, big data, and artificial intelligence. The tech event themed “IOT West Africa Conference and Exhibition” is slated to hold from July 4 to 6, 2023, at the Landmark Centre in Lagos. Vertex Next’s […]

A picture of 20 youth trained by nestle
Business

Nestlé reaffirms commitment to youths’ technical training

Nestlé Nigeria has reaffirmed its commitment to reducing the lack of technical skills by providing young individuals with the necessary abilities to help speed up industrial development and advance Nigeria’s economy. According to The Punch, the Managing Director and Chief Executive Officer of Nestlé Nigeria, Wassim Elhusseini, made this statement during the third graduation ceremony […]

Business

Nigerian institute invests in renewable energy training

The National Power Training Institute of Nigeria has announced that it has made investments in the renewable energy sector by providing extensive training to create an efficient workforce for the power sector. According to The Punch, the announcement was made during an alumni seminar held in Lagos on Wednesday with the theme ‘Continuous Professional Development: […]

Business

Nigeria lost 66m oil barrels to theft in one year – IOCs

Nigeria has been unable to produce and sell approximately 65.7 million barrels of oil due to pipeline vandalism and oil theft since 2023. This has resulted in a loss of potential revenue of about N2.3tn at current exchange rates and average oil prices. According to The Punch, the Chairman of Shell Companies in Nigeria, Dr […]

Business

Aviation strike cost Nigeria billions of naira – Air Peace

The Chairman and Chief Executive Officer of Air Peace, Allen Onyema, said that Nigeria lost several billions of naira within those two days of industrial action by aviation union workers. He revealed this information during his appearance on Arise Television on Monday. This publication recalls that the aviation workers embarked on a warning strike last […]

petrol pump
Business

Petrol price rose 43% in one year – NBS

The price of Premium Motor Spirit popularly known as petrol rose by 42.63 percent from N264.29 in 2022 to N185.30 in 2023. This was disclosed through a report by the Nigerian Bureau of Statistics which also revealed prices across every state in the country. Stating how the data was obtained NBS said more than 700 […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Business

FG to introduce 13 more oil sector regulations 

The upstream sector of the oil and gas industry can expect 13 new regulations from the Federal Government in the next few weeks. According to The Punch, the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, made this announcement on Tuesday during the Nigerian International Energy Summit in Abuja. In addition […]

Fuel scarcity eases gradually after five months
Business

Fuel subsidy removal will reduce Nigeria’s debt, corruption – LCCI

The Lagos Chamber of Commerce and Industry believes that eliminating fuel subsidy by the Federal Government is one of the best economic moves that will decrease Nigeria’s debts and address corruption in the oil industry. According to The Punch, the President of LCCI, Dr. Michael Olawale-Cole, made this statement during the chamber’s second-quarter state of […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]