By Oluwakemi Kindness The Nigerian National Petroleum Company Limited (NNPC Ltd) on Thursday insisted that it does not deal with adulterated petrol. This is as the NNPCL discredited a video clip of someone pouring a dark liquid which he claims to be Premium Motor Spirit (PMS) purportedly bought from an NNPC Retail outlet at Keffi Flyover. NNPCL Chief Corporate Communications Officer, Olufemi Soneye, who stated this in a statement, […]
By Chinedu Echianu The Kogi State Government says it has commenced processes leading to the establishment of a special economic zone with the status of a free trade zone to be located in the Ajaokuta economic development corridor in the state. According to a statement by Ismaila Isah, Special Adviser on Media to the Kogi State Governor Ahmed Usman, the Governor stated this while on a working visit to the […]
By Oluwakemi Kindness The Nigeria Customs Service (NCS) on Sunday said it has facilitated Nigeria's first shipment to Kenya, with Lucky Fibres, a subsidiary of the Tolaram Group, becoming one of the first companies to ship goods to Kenya under the African Continental Free Trade Area Agreement (AfCFTA). During a visit to the Apapa Area Command last Wednesday, to ensure proper documentation and verification of the shipment, Senior Trade Expert […]
By Oluwakemi Kindness The Chairman, Federal Inland Revenue Service, FIRS, Zack Adedeji, on Wednesday told the House of Representatives that the tax reform bills aims to harmonise all the tax laws in Nigeria. Speaking before the House Committee on Finance, he said the four tax reform bills recently presented by the President to the National Assembly is not aimed at increasing tax or introducing new taxes into the nation's […]
By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the Bank's recapitalization policy, is expected to support the realisation of 1 trillion dollars economy by 2030. This was as he said the Bank's recapitalization policy has prompted banks to strengthen their financial positions, a process expected to result in a more robust and resilient banking sector by March 2026. Cardoso who stated this during […]
By Oluwakemi Kindness In a bid to enhance ease of doing business, the Federal Inland Revenue Service (FIRS), on Wednesday, launched an Unstructured Supplementary Service Data (USSD) Code *829# specifically targeted at improving taxpayers’ satisfaction. FIRS chairman, Zacch Adedeji, launched the code in Abuja as part of activities making this year’s Customer Service Week which has the theme Above and Beyond. The initiative makes Nigeria the sixth African country to […]
By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged stakeholders in the financial ecosystem to adopt the Women entrepreneurs Finance (We-Fi) Code as part of a collective drive to enhance the financial inclusion of women entrepreneurs across Nigeria. Cardoso stated this at the landmark event of Nigeria’s public declaration of commitment to the We-Fi Code, held at the CBN Head Office on Wednesday. […]
By Oluwakemi kindness The Central Bank of Nigeria (CBN) on Tuesday assured Nigerians not to panic as it has put in place policies to ensure that all monies deposited in financial institutions across the country are secured. A statement by the apex bank’s Acting. Director, Corporate Communications, Hakama Sidi-Ali, reassured the public of its unwavering commitment to ensuring the stability and reliability of the Nigerian financial system. This development follows […]
By Oluwakemi Kindness The Central Bank of Nigeria has announced the introduction of an Electronic Foreign Exchange Matching System aimed at transforming the country’s foreign exchange market. The new system is set to be operational in the Nigerian Foreign Exchange Market by 1 December 2024, following a two-week test run scheduled from November. The EFEMS is expected to reshape how foreign exchange transactions are conducted in the interbank market by […]
