Delta Approves N15.7bn for Warri, Effurun Flood Control The Delta Government has announced the approval of N15.7 billion for the construction of Phase III flood control measures in Warri, Effurun…
FG Constitutes Committee to Boost Gas Supply to Power Plants The Federal Government has set up an inter-ministerial committee to suggest ways of achieving a sustainable gas supply to gas…
CBN FX Regulation to Weigh on Banks’ Profitability –Moody’s The Central Bank of Nigeria’s (CBN) new foreign currency regulations will weigh on banks’ profitability in the short term, Moody’s Ratings…
NNPCL to Domicile Revenue with CBN – Official Statement The Nigerian National Petroleum Company Limited (NNPCL) and the Central Bank of Nigeria (CBN) have agreed to strengthen their relationship toward…
NNPCL Says No Plan to Increase Petrol Price Contrary to speculation, the Nigerian National Petroleum Company (NNPC) Limited has denied a plan to increase the price of petroleum motor spirit…
Equities Investors Lose N481bn to Market Correction The equities investors registered the fourth consecutive selling rally associated with overpriced listed stocks in the Nigerian Exchange (NGX). Since the beginning of…
Tax Dispute: MultiChoice to Pay $37.3m to FIRS The owner of DSTV and GOTV, MultiChoice, has agreed to pay about $37.3 million after front-and-back discussions over tax payment disputes in…
Taxation: Plateau Introduces Intelligent Billing System The Plateau Inland Revenue Service (PSIRS) has introduced an intelligent revenue billing system (PIRBS) for ease of taxation. The billing system, known as Plateau…
Oil Rises as Israel Rejects Ceasefire The global oil market rallied early Thursday following Israel’s rejection of a ceasefire offer from Hamas and resuming attacks on the Gaza Strip. The…
Foreign Investors Raise Bet on Nigeria Eurobonds In Nigeria’s sovereign Eurobonds market, there was a positive level of activity. Foreign investors increased their bets on Nigeria’s US dollar bonds at…