Coumantaros, Flours Mills chief, canvasses adequate infrastructure, policy consistency for economic growth
Hamid Ayodeji
November 11, 2020
By Hamid Ayodeji John Coumantaros, one of Nigeria’s biggest industrialists and investors, and chairman of Flour Mills of Nigeria, has said that adequate infrastructural development and enforcement of prosperous policies and regulations by the Nigerian government are crucial for the sustainable development of the agricultural sector, and the economy as a whole,as they make […]
Nigerian lawmakers demand new revenue sharing formula for federation from RMAFC
Zainab IwayemiNovember 5, 2020
By Zainab Iwayemi Nigeria’s lower legislative chamber, House of Representatives (HOR), has requested that the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC), design a fresh revenue sharing formula in favou states and local governments on issues bothering resource disposals. The HOR made the demand at a budget defence session by various ministries, departments and […]
Nigeria generates N1.08trn VAT from 28 sectors, others, in 9 months
Charles AbuedeNovember 4, 2020
By Charles Abuede Nigeria’s total Value Added Tax (VAT) generated so far in 2020 has hit N1.08 trillion within nine months. The figure is a 22.87 per cent increase over the amount (N876.1 billion) recorded for the same period in 2019 on a year to date (YTD) comparison and a 54.4 per cent […]
Legislators welcome PIB’s midstream gas infrastructure fund
Ben EguzozieNovember 3, 2020
But Nigeria’s gas utilization extremely low, 63% still flared Only improved infrastructure can ensure better utilization, say experts The House of Representatives committee on gas resources said it is quite satisfied with provisions of the newly passed Petroleum Industry Bill (PIB) 2020, particularly as it relates to gas resources development. Nicholas Mutu, […]
NNPC says reports it bribed NANS, funded vote-buying in Ondo false
BEN EGUZOZIEOctober 16, 2020
Ben Eguzozie, in Port Harcourt State-owned oil company, Nigerian National Petroleum Corporation (NNPC), says reports that it bribed the National Association of Nigerian Students (NANS) and funded the All Progressives Congress (APC) to buy votes in the September 2020 Ondo State gubernatorial elections are false. It said a section of the media (not including Business […]
Delta contests Financial Derivatives’ ‘fairly miserable state’ assessment
BEN EGUZOZIEOctober 16, 2020
Ben Eguzozie, in Port Harcourt The Delta State government has described as faulty and a misrepresentation of the prevailing economic indices in the state, a publication by the Financial Directives Company (FDC) on the state’s economy, in which it (FDC) described the oil-rich state as fallen under the “fairly miserable states in the country” ranking. […]
Cross River begins performance review of top 50 revenue generating MDAs
BEN EGUZOZIEOctober 16, 2020
Ben Eguzozie, in Port Harcourt With N16.73bn, state was among top ten IGR in 2019 Cross River’s ministry of finance (CRSMoF) and the state’s internal revenue services (CRIRS) have begun a review of the performance of the state’s top 50 revenue generating ministries, departments and agencies (MDAs). The review is combined with a strategy session […]
Cross River bets on world’s $928bn renewable energy market with W2W pilot project
BEN EGUZOZIEOctober 14, 2020
Ben Eguzozie, in Port Harcourt Cross River is betting on the renewable energy initiative with a global market worth of $928.0 billion as of 2017. It is the way being taken by most serious governments around the world to improve their energy mix. Checks said renewable energy market size is expected to reach $1.512 trillion […]
Fertilizer FX ban: Sacrifice towards self sufficiency
Onome AmugeSeptember 28, 2020
Onome Amuge The production of food for consumption is an indispensable activity necessary for the sustenance of human life. Food production and consumption also play a vital role in the actualisation of economic stability of a nation. With the global population currently growing at an average rate of 1.05 per cent per year, as estimated […]
NLC orders Nigeria insurance, bankers’ union to join planned strike
Charles AbuedeSeptember 23, 2020
By Charles Abuede The National Union of Banks, Insurance and Financial Institutions Employees have been directed by the National Executive Council (NEC) of the Nigeria Labour Congress (NLC) to ensure total compliance with the planned nationwide strike action which begins from Monday 28th September, 2020. A general circular issued and signed by Mohammed […]