Chairman, Dangote Sugar Refinery Plc, Alhaji Aliko Dangote, has unveiled the company’s target of producing 700,000 metric tonnes of refined sugar in the next five years. Dangote, who disclosed this at the company’s 18th Annual General Meeting on Tuesday in Lagos, said that this was to satisfy at...
BUSINESS
By TYAV SAM TYAV, Makurdi Determined to improve its revenue profile, the Benue State Internal Revenue Service (BIRS), is now set to commence the collection of presumptive tax from operators in the informal sector in the state through her automated platform. This was disclosed by the Acting Executive...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has begun the conduct of fresh bid round for marginal oil fields in Nigeria. The NUPRC said 12 oil fields would be offered together with the five from the 2022 bid round that was put on hold due...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the Shell Petroleum Development Company of Nigeria Limited (SPDC) assets being considered for divestments have an estimated reserve of 4.96 billion barrels of oil. The Commission Chief Executive of NUPRC, Mr Gbenga Komolafe disclosed this on Monday in Abuja...
The Naira on Monday further depreciated at the official market, trading at N1,419.11 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N79.88 This represents a 5.96 per...
Transcorp Hotels Plc (“Company”), the hospitality subsidiary of one of Africa’s leading, listed companies, Transnational Corporation Plc (Transcorp Group, Monday April 29, 2024 held its 10th Annual General Meeting (AGM) where the Company’s impressive 2023 performance was presented to shareholders. The results showed Transcorp Hotels’s continuous growth, as...
The recent drop in the cost of indomie noodles is due to noticeable improvement in the country’s economy in recent times and not linked to reduced patronage, the producer of Indomie Instant Noodles, Dufil Prima Foods Ltd., has said. Mr Temitope Ashiwaju, the company’s Group Corporate Communications and...
Over the course of the week, investors on the Nigerian Exchange Ltd. (NGX) equities market lost a total of N784 billion, week-on-week. Specifically, the market capitalisation, which opened the week at N56.296 trillion, shed N784 billion or 1.39 per cent to close the week at N55.512 trillion. The...
The Association of Bureau De Change Operators of Nigeria (ABCON) has warned economic saboteurs speculating and hoarding the Naira to desist from such act. ABCON President, Alhaji Aminu Gwadabe, in a statement on Friday, also said the association would establish a unified retail-end forex market to tackle volatility...
The equities market declined on Friday, with profit-taking in stocks such as Zenith Bank, Guaranty Trust Holding Company (GTCO), Wema Bank, Nigerian Breweries, and Nestle Nigeria, among others. Following a flip-flop trading session, the market capitalisation which opened at N55,520 trillion, lost N9 billion or 0.02 per cent,...
By TYAV SAM TYAV, Makurdi – The Acting Executive Chairman, Benue State Internal Revenue Service(BIRS) Mr.Emmanuel Agema on Wednesday received a delegation of Dangote Cement Plc, Gboko Plant at the revenue house Makurdi with the aim of synergizing with the cement company for better performance and high productivity....
By TOM CHIAHEMEN, Abuja – Chief of Naval Staff (CNS), Vice Admiral Emmanuel Ikechukwu Ogalla, on Thursday at the Nigerian Navy Ship PATHFINDER in Port Harcourt, extended Operation DELTA SANITY for another 90 days. The CNS had earlier on January 6, 2024, launched Operation DELTA SANITY to combat...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said the issues that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. The NNPC Ltd. said that the issues were as a result of logistics problems....
By OLA MUDOPE, Lagos – Air Peace Airline has said a falsely triggered fire alarm was responsible for its emergency landing at Murtala Mohammed International Airport,in Lagos State. The Corporate Communications Lead, Air Peace Airline, Mr. Stanley Olisa, made the clarification while reacting to the Port-Harcourt to Lagos...
A Clinical Dietician, University College Hospital (UCH), Ibadan in Oyo State, Dr Tunde Ajobo, has advised Nigerians to always eat mangoes with the skin. He gave the advice in an interview with the News Agency of Nigeria (NAN ) on Thursday in Ibadan. According to him, this is...
Chief Executive Officer of Air Peace Airline, Dr Allen Onyema, on Thursday called for strict implementation of the Single African Air Transport Market (SAATM) without discrimination across boards. Onyema made the call during the conference session of the 48th Annual General Meeting of the National Association of...
The Aviation Safety Roundtable Initiative (ART) has kicked against the suspension of Dana Airlines operations and cautioned the ministry against interference on the autonomy of the Nigeria Civil Aviation Authority (NCAA). This is contained in a statement signed by the General Secretary, ASRTI, Mr Olumide Ohunayo...
Telecom operators in Nigeria have on Thursday urged the Federal Government to facilitate a constructive dialogue with industry stakeholders to address pricing challenges. The appeal was made in a joint statement by the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and Association of Telecommunication Companies of Nigeria...
The Naira on Wednesday further depreciated at the official market, trading at N1,308.52 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N8.37. This represents a 0.64 per...
The Kaduna Internal Revenue Service (KADIRS) on Wednesday sealed the United Bank for Africa (UBA) branches in the state metropolis over alleged N14.3million unpaid tax. Speaking to newsmen after the excercise, Hajiya Aysha Ahmad, the KADIRS Board Secretary/Legal Adviser, said the enforcement was to ensure tax compliance in...