Business

FIRS rakes in N1.12trn taxes in Q1, 2020

The Federal Inland Revenue Service, FIRS, says it has collected the sum of N1,123,377,654,135.14 as taxes in the first quarter of 2020.

FIRS Director of Communication, Mr Abdullahi Ahmad, disclosed in a statement that the amount represents a 10.4 per cent increase above its collection during th [...]

Mon, 06 April 2020


FG further slashes fuel price to N123.50

The Petroleum Products Pricing Regulatory Agency, PPPRA, has announced the further reduction of fuel price from N125.00 to N123.50 per liter.

 

 

 

 

 

Executive Secretary of PPPRA [...]

Wed, 01 April 2020


NNPC tasks experts on solutions to oil problems

Experts in the oil and gas sector have been challenged to come up with solutions to tackle the challenges bedeviling the industry.

Group Managing Director of NNPC, Mallam Mele Kyari, gave the charge while playing host to the Executive members of the Society of Petroleum Engineers, SPE, Nigerian [...]

Sun, 29 March 2020


FCT employers furlough staff as Covid-19 rages

Private sector employers in Abuja are furloughing staff in compliance with the stay-at-home order of the Federal Capital Territory Administration, FCTA, and adjoining states of Nasarawa and Niger, as measures to curb the spread of COVID-19.

FCTA had issued a stay-at-home order and immediate clo [...]

Sun, 29 March 2020


…CBN partners private sector

The Central Bank of Nigeria, CBN, has brought together a coalition of stakeholders in the private sector to drive efforts on the fight against COVID-19.

CBN Governor, Godwin Emefiele, in a statement, said the stakeholders would provide support to the Federal Government in procuring equipment an [...]

Sun, 29 March 2020


Covid-19: oil companies donate N11bn to quell pandemic

As part of efforts to combat the Covid-19 pandemic, oil companies have donated N11 billion to Nigeria’s Centre for Disease Control, NCDC.

Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, said the companies which include: international oil co [...]

Sun, 29 March 2020


Nigeria’s inflation rises by 12.20%

Nigeria’s inflation rose by 12.20 per cent in February 2020, from 12.13 per cent it recorded in January.

A Consumer Price Index, CPI, report, released by the National Bureau of Statistics, NBS, said inflation rose by 0.07 per cent points higher than the rate recorded in January 2020, 12.1 [...]

Mon, 23 March 2020


Nigeria’s inflation rises by 12.20%

Nigeria’s inflation rose by 12.20 per cent in February 2020, from 12.13 per cent it recorded in January.

A Consumer Price Index, CPI, report, released by the National Bureau of Statistics, NBS, said inflation rose by 0.07 per cent points higher than the rate recorded in January 2020, 12.1 [...]

Mon, 23 March 2020


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