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Nigeria’s gas revolution will lift West Africa’s energy

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Tag: Operators

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Operators challenge NPA’s mandatory port pass requirement

Freight forwarders under the National Association of Government Approved Freight Forwarders have raised concerns over the Nigerian Ports Authority’s newly introduced mandatory port pass. They argue that the identity card issued by the Council for the Regulation of Freight Forwarding in Nigeria should be sufficient for port access. The stakeholders view the additional pass as […]

News

Operators advocate AI for combating financial fraud

The former Executive Director of E-Business and Infrastructure at Inlaks Computers Limited and a board member of CitiData Centre Ltd., Tope Dare, has advocated leveraging AI to analyze transactions in real time, identify suspicious patterns, and strengthen security in the financial sector. He emphasized the role of artificial intelligence in detecting financial fraud early. In […]

News

Nigeria loses $70m yearly to outdated fishing laws – Operators

Industry operators under the Fisheries Cooperative Federation of Nigeria Limited have expressed concern that Nigeria is losing approximately $70 million annually due to outdated fishing laws. These laws, they argue, hinder the sector’s growth and development by limiting access to modern fishing practices, equipment, and more efficient management of fishery resources. The National President of […]

News

Port concession policy threatens local bonded terminals, Operators warn

The Association of Bonded Terminal Operators of Nigeria has raised concerns about the negative impact of the 2006 port concession policy on indigenous bonded terminal operations. ABTON’s General Secretary, Haruna Omolajomo, emphasized that the policy’s failure to adequately integrate local content has led to a decline in the state of bonded terminal operations in Nigeria, […]

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FX crisis stalls SMEs’ expansion, operators lament

Operators of Small and Medium Enterprises in Nigeria are expressing growing concerns about the feasibility of expanding their businesses due to a challenging economic climate. The foreign exchange crisis, which has heavily impacted import-dependent industries, is one of the key obstacles to growth. While Nigeria’s Gross Domestic Product showed a moderate increase of 3.19% in […]

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Operators eye 80% soybean use in Nigeria

The Nigeria Soybean Stakeholders Coalition aims to boost the country’s protein sufficiency by increasing soybean usage in livestock and human diets to 80%. During the coalition’s inauguration in Lagos, Chairman, Dr. Joe Dada emphasized the importance of enhancing soybean’s role across sectors to address Nigeria’s nutritional deficiencies, according to The Punch. Dr. Dada expressed the […]

Oil and Gas

Oil industry stakeholders explore opportunities from IOC divestments

Indigenous Nigerian oil and gas operators are advocating for enhanced infrastructure and financial support to take advantage of international oil companies’ divestment. They believe this divestment could unlock over 500 million barrels of oil and three trillion cubic feet of gas reserves, provided the government effectively manages the transition. Operators expressed concern over 15 years […]

News

Operators peg untitled lands revenue loss to N36tn annually

Operators in the built environment estimate that Nigeria loses approximately N36 trillion annually due to untitled lands. The cost of land registration varies by location, with operators averaging the registration fee for a plot of land at about N1 million, depending on the state and local government, according to The Punch. This figure was used […]

Stakeholders advocate tax holidays in housing sector
News

Operators push for improved tax administration

Governments at all levels have been tasked by tax practitioners to enhance their tax administration procedures in order to foster economic growth. According to The PUNCH, during a panel discussion hosted by the Nigerian Chartered Institute of Taxation, the professionals shared their insights. “Stimulating Revenue Growth through a Friendly Business and Tax Environment” was the […]