Business

Why we met with Buhari- ASUU

The Academic Staff Union of Universities, ASUU, has dismissed media reports that its meeting with President Muhammadu Buhari was solely to discuss the Integrated Payroll and Personnel Information System, IPPIS, which it had rejected, and still rejects.

ASUU, in a communique iss [...]

Sat, 18 January 2020


FG sets February as implementation of 7.5% VAT

The Federal Government says it would commence implementation of the 7.5 per cent value added tax, VAT, on February 1, 2020.

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this while inaugurating the Board of the Federal Inland Revenue Service, FIRS, on Thursday i [...]

Sat, 18 January 2020


NEPZA wants 27-year-old Act amended

The Nigeria Export Processing Zones Authority, NEPZA, says it would pursue amendment of the 27-year-old Act establishing the agency to bring in more investment and create jobs.

Acting Managing Director of NEPZA, Mr Bitrus Dawuk, who disclosed this in chat with newsmen in Abuja, said the amendme [...]

Sat, 18 January 2020


FG, States, LGCs share N716.298bn for December, 2019

The Federation Accounts Allocation Committee, FAAC, has disbursed a total sum of N716.298 billion as federal allocation to the Federal, State and Local Governments for the month of December, 2019.

A statement by the Director of Information, Federal Ministry of Finance, Budget and National Plann [...]

Sat, 18 January 2020


Idu Industrial Centre converts to Abuja furniture enterprise

Plans have been concluded by the Federal Government to convert the Idu Industrial Centre located in Abuja to furniture and wood enterprise cluster.

Director General of the Small and Medium Enterprise Development Agency of Nigeria, SMEDAN, Dr Dikko Radda, who disclosed this in an interview with [...]

Sat, 18 January 2020


NDPR expands capacity to 5,000 bpd

The Niger Delta Petroleum Resources Limited, NDPR, has consolidated on the capacity of its diesel topping refining plant by expanding it with an additional 5,000 barrels per day.

NDPR, a subsidiary of Niger Delta Exploration and Production Plc, NDEP, pioneered modular refinery efforts in the co [...]

Sat, 18 January 2020


SON tasks concrete pole producers on standards

The Standards Organisation of Nigeria, SON, has called on concrete poles manufacturers to fully adhere strictly to the stipulated standard in pole’s production or be ready to face the full wrath of the law.

The Organisation, which frowned at unfair trade practice and cutting of corners be [...]

Fri, 10 January 2020


NNPC posts N13.23bn trading surplus October 2019

The Nigerian National Petroleum Corporation, NNPC, says it recorded trading surplus of N13.23 billion in October 2019.

The corporation said in a statement by its Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, that the surplus amount represents an increase of 54 [...]

Fri, 10 January 2020


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