Electricity DisCos collects N150 billion as revenue in June- NERC
Electricity distribution companies across the country collected N150.86 billion in revenues in June 2024 representing a collection efficiency rate of...
FG refutes reports of VAT increase to 10%
The federal government has debunked claims that it plans to increase the Value Added Tax (VAT) rate from 7.5% to...
Nigeria’s Company Income Tax (CIT) collection rises by 150% in Q2, 2024
The federal government’s Company Income Tax (CIT) collection in the second quarter of 2024 rose by 150.83% to N2.47 trillion.
Wike signs MoU with Chinese engineering firms for electricity and water projects in FCT
The Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, has formalized an agreement with two Chinese engineering and...
NNPC signs MoU with Chinese company for 350 Megawatts Gwagwalada independent power plant
The Nigeria National Petroleum Company Ltd (NNPCL) has put pen to paper on a Memorandum of Understanding (MoU) with China...
NNPC debunks claim of being sole off-taker from Dangote refinery, says refinery can sell to marketers
The Nigerian National Petroleum Company Limited (NNPC) has dismissed claims by the Muslim Rights Concern (MURIC) suggesting that it is...
FG grants licence to UTM Offshore to build Nigeria’s first floating LNG plant
The federal government has approved the request of UTM Offshore Limited to build a 2.8 million tonnes floating LNG plant...
As multinationals exit, these Nigerian companies are spending billions on expansion projects in 2024
Nigeria has witnessed a significant exit of companies in the last 18 months from the beginning of 2023.
CBN to sell $20k to eligible BDCs at N1580/$ to meet market demand
The Central Bank of Nigeria (CBN) has approved the sale of $20 thousand each to Bureau De Change (BDC) operators...
NNPCL expected to begin lifting petrol from Dangote refinery on September 15
The Nigeria National Petroleum Company Ltd (NNPCL) has stated that it is waiting on the September 15th deadline to begin...
