NUPRC warns operators on 3% remittance default to oil communities The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licenses of oil operators who failed to remit the three percent statutory fees to oil communities before September ending. The NUPRC management on Friday said its attention[Read More…]
Ongoing Economic Reforms Will Rejuvenate Nigeria’s Economy, SEC The Securities and Exchange Commission (SEC) has commended the ongoing multi-layered economic reforms by the current administration, saying the new dispensation is capable of rejuvenating the economy and improving the standard of living of Nigerians. A statement issued by the commission[Read More…]
FG Outlines Plan For Nigeria’s Creative Economy The federal government through the ministry of Art, Culture and Creative Economy has outlined a plan to grow Nigeria’s creative sector. The minister of Art, Culture and Creative Economy, Hannatu Musawa, stated this in an eight-point plan in a video message to[Read More…]
FG promises to revamp steel sector to boost Nigeria’s economy The federal government has said it will revamp the nation’s steel sector to enhance the economy and create employment opportunities. The minister of steel development, Shuabi Audu, said this in Abuja when he met with heads of agencies and[Read More…]
PenCom gives deadline for employers to submit incomplete remittance documentation to PFAs The National Pension Commission (PenCom) has given employers with incomplete remittance documentations till December 31, 2023 to provide their Pension Fund Administrators (PFAs) requisite information to facilitate the crediting of pension contributions into the employees RSAs or[Read More…]
Dangote drops in Forbes ranking, loses N553 billion Africa’s richest man, Aliko Dangote, stands on the brink of losing the title. On Thursday, Forbes downgraded his worth by more than 6 per cent. His rival, Johann Rupert, is $100 million away from displacing Dangote in the African category of[Read More…]
FG directs all international airlines to vacate MMIA by October 1 The Federal Government has directed all international airlines to vacate the Murtala Mohammed International Airport (MMIA) with effect from October 1, 2023. The directive by the government is to give room for the total maintenance work at the[Read More…]
Uber launches electric bike in Kenya, Nigeria to follow Global ride-hailing giant Uber on Thursday launched an electric motorbike service in Kenya, as the company seeks to make its global platform emissions-free by 2040. Uber’s general manager for sub-Saharan Africa, Kagiso Khaole said the rollout in Kenya will be[Read More…]
Nigerian Equities extend gains, rakes N61 billion Nigerian equities market ended the trading session for August 2023 bullish as Investors continue to buy into blue-chip firms. The All-Share Index (ASI) traded 0.16% higher to close at 66,548.99 index points as against 66,439.53 index points recorded in the previous day’s trading[Read More…]
Fidelity Bank to help Schools prepare for New School Session with Edu Loan Product As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and deliver quality education. Through its bespoke product known[Read More…]
