Category: Business News
-
Total Nigeria Plc shareholders approve name, logo change
The shareholders of Total Nigeria Limited on Thursday unanimously voted in support of a formal change of name of the company to TotalEnergies Marketing Nigeria Plc. TheNewsGuru.com, TNG reports that the formal name and logo change took place via voting during the Extra Ordinary General Meeting of the company held on Thursday (yesterday) in Lagos.…
-
SMEs have potential to reduce unemployment, enhance economic growth – CBN
Dr Aniefiok Umoren, Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), says Small and Medium Scale Enterprises (SMEs) have the potential to reduce unemployment in the country. Umoren who disclosed this in a meeting organised in collaboration with the Cross River Government and the Chamber of Commerce in Calabar on…
-
Alleged N451bn debt: Produce receipts of tax payments by MTN, Reps tell FIRS
The House of Representatives Committee on Finance has asked the Federal Inland Revenue Service (FIRS) to submit receipts of the tax payments made by MTN to the agency for 2007 and between 2010 and 2017. The request comes as the committee observed during its interaction with the agency on Wednesday that MTN is indebted to…
-
COVID-19 helped to reduce cost of oil production in Nigeria – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says COVID-19 had helped to reduce the cost of crude oil production in the country. “We have reduced the cost of production successfully the issues of our local currency notwithstanding. “ Recently, the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR)…
-
CBN gives fresh warning, says Naira abusers to spend 6 years in jail
The Central bank of Nigeria has warned that that abusers of the naira at social events risk imprisonment or an imposition of fine. The CBN noted in a statement issued on Tuesday that according to the bank’s 2007 amended Act, ‘spraying of, dancing or matching on the Naira or any note issued by the Bank…
-
Reps summon Customs, AGF, others over Shippers’ Council revenue collection
Emman Ovuakporie The House of Representatives Committee on Finance on Tuesday summonsed the Nigerian Customs Service, Accountant General of the Federation and Budget Office appear before it on Monday to explain issues over the collection and appropriation of the Nigerian Shippers’ Council 2% Ports Development Levy revenue. This was sequel to the complaint made by…
-
CBN freezes accounts of four popular fintech platforms in Nigeria
The Central Bank of Nigeria (CBN) has frozen the bank accounts of Nigerian fintech platforms Risevest, Bamboo, Trove and Chaka for the next six months. The Federal High Court sitting in Abuja granted an exparte motion which sought temporary freezing of bank accounts belonging to these online investment and trading platforms where Nigerians are transacting…
-
NNPC Commits to Supporting NLNG
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated the Corporation’s commitment to supporting the Nigeria Liquefied Natural Gas (NLNG) Limited towards achieving its goal of becoming a global LNG company of choice. Speaking as a Guest of Honour at the 2021 NLNG Health Safety and Environment (HSE)…
-
Minister announces kick off date for NNPC Limited
The Nigerian National Petroleum Corporation (NNPC) will become a commercial company within six months, the Minister of State for Petroleum Resources, Timipre Sylva said on Tuesday. This follows the signing of the Petroleum Industry Bill into law by President Muhammadu Buhari on Monday. Sylva, who was speaking at a press conference in Abuja, said a…
-
Airport concession: FG releases request for qualification for concession of four international airports
The Federal Government has released a request for qualification for the concession of four international airport terminals and related services. A spokesperson for the Ministry of Aviation, James Odaudu, explained that the release was in compliance with the Infrastructure Concession Regulatory Commission (ICRC) and National Policy on Public-Private Partnership (N4P). According to a document signed…