Economy VAT increases by N41.7bn in Q1 2021- NBS Value Added Tax (VAT) increased by N41.7 billion to N496.39 billion in Quarter One of 2021 as against N454.69 billion generated in Quarter ... By maritimemagMay 11, 20210
Economy Hadiza refutes allegation of awards of coastline terminal to Dangote Abiola Seun The suspended Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala-Usman, has denied awarding a coastline terminal contract to ... By maritimemagMay 10, 20210
Economy Elumelu denies UBA funded OML 17 acquisition Chinazor Megbolu The Chairman, Heirs Holdings, Mr. Tony Elumelu, has denied that the United Bank for Africa (UBA) funded the acquisition of oil ... By maritimemagMay 7, 20210
Economy NERC approves five-year performance improvement plan for Discos The Nigerian Electricity Regulatory Commission (NERC) has approved a five-year Performance Improvement Plan (PIP) and Capital Expenditure (Capex) benchmark for Distribution Companies (Discos), ... By maritimemagMay 6, 20210
Economy NEPC urges SMEs to embrace modern product packaging for exports packaging The Nigerian Export Promotion Council (NEPC) has charged Small and Medium Enterprises (SMEs) to embrace modern packaging of their products to ... By maritimemagMay 6, 20210
Economy TCN: How we transmitted 5,801.6MW to DISCOs without hitch The Managing Director of the Transmission Company of Nigeria, Engr. Sule Abdulaziz, has said the company evacuated the country’s highest power generation of ... By maritimemagApril 30, 20210
Economy NCDMB partners gas firm on skill development centre Chinazor Megbolu The Nigerian Content Development and Monitoring Board (NCDMB) has partnered with the ANOH Gas Processing Company Limited in a bid ... By maritimemagApril 28, 20210
Economy Firm secures approval for $2.9bn deep seaport at escravos Mercury Maritime Concession Company (MMCC), has secured a provisional approval from the Federal Government through the Ministry of Transportation to construct $2.9 billion ... By maritimemagApril 27, 20210
Economy FG bans importation of refined sugar through free trade zones Chinazor Megbolu The Federal Government has announced the prohibition of the importation of refined sugar and its derivatives from the nation’s free trade ... By maritimemagApril 27, 20210
Economy Dangote Cement increases capacity to meet demand surge In a response to the growing demand, Dangote Cement Plc is poised to raise capacity by more than a third to meet the ... By maritimemagApril 25, 20210
Economy Ekiti state imports dairy 250 cows to boost milk production Chinazor Megbolu The Ekiti State government will be boosting milk production in the country with the importation of 250 cows from the United ... By maritimemagApril 24, 20210
Economy Insurers deny non-remittance of N17.4 billion pension legacy fund to PTAD Some insurance companies accused of non-remittance of N17.4 billion pension legacy fund to Pension Transactional Arrangement Directorate (PTAD) have denied such allegation, insisting ... By maritimemagApril 21, 20210
Economy Obaseki raises alarm over Nigeria’s continued reliance on oil revenue Chinazor Megbolu The Edo State Governor, Godwin Obaseki, has said that the nation’s dependence on oil revenue is unsustainable. He said this on ... By maritimemagApril 20, 20210
Economy We’ve disbursed $160m from Nigerian Content Intervention Fund—NCDMB Chinazor Megbolu The Nigerian Content Development and Monitoring Board (NCDMB) had said that it had so far disbursed the sum of $160 million ... By maritimemagApril 20, 20210
Economy Dangote denies price hike on cement — says prices from factories between N2,450 to N2,510 per bag The management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories and plants across Nigeria ... By maritimemagApril 18, 20210
Economy States record negative economic growth in 2020 — as IGR slumps to N1.31 trillion States Internally Generated Revenue fell by N20bn to N1.31tn as of the end of 2020 from N1.33tn as of the end of 2019. ... By maritimemagApril 18, 20210
