Business

Dantata partners Cross River on industrial agric

Dantata Foods and Allied Products Limited has initiated a partnership with the Cross River State Government on industrial agriculture and export businesses.

General Manager Corporate Services of the company, Mr. Sanusi Bature, disclosed this on Thursday in Calabar, while leading a delegation of [...]

Retail market contributes 16% GDP to Nigeria- NIPC

Nigeria Investment Promotion Commission (NIPC) says the retail market in Nigeria remains a growth driver in the country’s economy, contributing about 16 per cent of its Gross Domestic Product (GDP).

Executive Secretary of NIPC, Ms Yewande Sadiku, who disclosed this during a virtual parley [...]

Anxiety as NUPENG declares strike in Lagos

Nigeria’s relatively stable fuel distribution network is bracing for disruption as the national leadership of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has directed the withdrawal of services of petroleum tanker drivers from Lagos State with effect from Monday, 10th August [...]

NNPC signs pact with partners to resolve OML 130 dispute

The Nigerian National Petroleum Corporation, NNPC, says it has reached an agreement with its partners, China National Offshore Oil Company, CNOOC, and South Atlantic Petroleum, SAPETROL, to settle all outstanding issues surrounding the development of Oil Mining Lease, OML,130.

VAT: FG generates N651.77bn in H1 2020

Despite a struggling economy triggered by the Covid-19 pandemic, the Federal Government generated N651.77 billion as Value Added Tax, VAT, in the first half of 2020.

National Bureau of Statistics, NBS, disclosed this in its report on Sectoral Distribution of Value Added Tax - H1 2020, [...]

FG approves Siemens’ 25,000MW electricity expansion contract

The Federal Government has approved Siemens’ pre-engineering contract to commence work on the significant expansion of Nigeria’s electricity transmission and distribution network and also generation capacity.

Siemens disclosed this in a statement, explaining that [...]

NIPC profiles investment advantages of states

Nigerian Investment Promotion Commission, NIPC, says it will publish on its website, the "Book of States", which profiles the competitive advantages and key investment prospects of each State in Nigeria.

Executive Secretary of NIPC, Ms Yewande Sadiku, made this known dur [...]

CAC to deliver certificates to clients at door-step

The Corporate Affairs Commission, CAC, says it has commenced a new policy that will allow it to deliver pre-incorporation certificates directly to customers through designated courier companies.

Registrar General of CAC, Garba Abubakar, who made this known at a press briefing [...]