The Federal Government is set to make about N124.26bn in a year from the imposition of a 0.5 per cent import tax on goods introduced in Finance Bill 2023.
The Finance Bill 2023 which was signed into law on 28 May 2023 by former President, Mohammadu Buhari imposed a 0.5 per cent levy on goods imported into Nigeria from outside Africa.
According to the law, a 0.5 per cent levy will be imposed on…
Barring all unforeseen circumstances, Dangote imported fuel will soon enter Nigerian market as the Nigerian National Petroleum Company Limited (NNPCL ) has granted the Chairman of Dangote Group and President, Dangote Refinery and Petrochemical Company, Alhaji Aliko Dangote…
The Nigerian stock market rose to its highest level since July 2008 on Tuesday, the first day of trading after the suspension of the Central Bank Governor, Godwin Emefiele.
According to a report by Bloomberg, investors are betting on a currency devaluation and sent the main…
The Nigerian Capital Development Fund Group Plc has expressed interest in listing on the Nigerian Exchange Limited.
This was revealed in a letter titled ‘Re: Expression of Interest to List on the Nigerian Exchange Limited’, signed by the Branch Manager, Ibadan Office of the Primary Market Department of the NGX, Ayodeji Soyombo, which was obtained by our correspondent on Monday.
In the letter…
The Nigerian National Petroleum Company Limited has issued a fresh circular to oil marketers on how much they will pay to get petroleum products.
This came about two weeks after the Federal Government announced the removal of fuel subsidy.
NNPCL Retail, in a circular…
Analysts are considering how soon a devaluation may happen and how deep it will be, following the removal late Friday of a policy chief whose unorthodox policies included propping up the naira and banning access to foreign exchange for imports. The currency steadied Monday…
The Head of Media Relations Management, Nigeria Communications Commission, Dr Omoniyi Ibietan, has announced the release of his book on cyber politics.
According to a statement, the book titled, ‘Cyber Politics: Social Media, Social Demography and Voting Behaviour in Nigeria’, gives expression to a phase within the trajectory of Nigeria’s democracy through its elections.
It stated that the…
The Nigerian Indigenous Shipowners Association of Nigeria on Monday stated that its members had started applying for the $700m Cabotage Vessels Financing Fund.
The Chairman Advisory Committee of NISA on CVFF, Dr Edward Sowho, told our correspondent during a telephone chat in…
Polaris Bank says it has adopted a customer-centric approach as part of its restructuring in order to boost future success.
The lender also said it was concluding plans to inject tier-ii capital in order to enhance the growth of its assets
This was stated by the bank’s…
President Bola Tinubu, on Monday, in Abuja, signed the Student Loan Bill into law.
The signing of the bill was in “fulfilment of one of his campaign promises to liberalise funding of education,” a member of the Presidential Strategic Team, Dele Alake, told State House Correspondents on Monday evening.
The Students Loan Act becomes Tinubu’s second piece of legislation signed since he assumed…