Business

FG to generate $9bn from NLNG train 7

A gas supply contract has been signed by the Nigeria Liquefied Natural Gas, NLNG, and major gas producers to boost the capacity of the Train 7 project of NLNG.

Speaking on the significance of the gas supply agreement, the Group Managing Director of the Nigerian National Petroleum Corporation, N [...]

Sun, 15 December 2019


AfDB’s support to energy rises to €410.66mn

The African Development Bank, AfDB, says its support to the energy sector has more than doubled over the past three years to the current level of €410.66 million.

The bank, in a statement, said it inaugurated the Shango power substation in KIGALI, Rwanda, and is currently supporting seven [...]

Sun, 15 December 2019


FG urges Nigerian businessmen in Ghana to be law-abiding

The Nigerian Government has urged its citizens doing business in Ghana to remain law-abiding and allow law enforcement agents to deal with the situation, despite suffering attacks from Ghanaians which left over 600 of their businesses shut down.

Chairman and CEO of Nigerians in Diaspora Commiss [...]

Sun, 15 December 2019


Tax transparency: FIRS creates e-tax services

As part of efforts to improve transparency and speed in tax administration, the Federal Inland Revenue Service, FIRS, has created electronic tax services or e-tax services.

Executive Chairman of FIRS, Babatunde Fowler, who disclosed this at the third annual conference of the Nigeria Tax Researc [...]

Sun, 15 December 2019


SON, UK sign MoU on export, import standards

The Standard Organisation of Nigeria, SON, has signed a Memorandum of Understanding, MoU, with the United Kingdom Global Trade Programme that would improve the standard of Nigerian products shipped to UK.

Director of Standard Development in SON, Chinyere Egwuonwu, who disclosed this during the [...]

Sun, 15 December 2019


IDSL records N19bn revenue in 2018

The Integrated Data Services Limited, IDSL, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, has recorded a significant increase in its revenue base from N5.5 billion in 2016, N7.6 billion in 2017 to N19.033 billion in 2018.

Chief Operating officer, Upstream Directorate of the [...]

Sun, 15 December 2019


CBN appoints new director currency operations

The Central Bank of Nigeria, CBN, has appointed Ahmed Bello Umar as the new director of Currency Operations Department.

A statement by the director, Corporate Communications of the apex bank, Isaac Okorafor, said Umar succeeded Mrs. Priscilla Ekwueme Eleje who had reached the statutory retireme [...]

Sun, 15 December 2019


FG pursuing MSMEs growth, development

The Federal Government says it is currently pursuing the mandate of boosting the development of Micro Small and Medium Enterprises, MSMEs, as the engine of economic development in the country.

Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Mr. Edet Sunday Akpan, who ex [...]

Sun, 15 December 2019


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