The Trade Union Congress of Nigeria, TUC, on Tuesday urged the Federal Government not to increase the cost of data to avoid further pressure on mobile telephone users. Bobooi Kaigama, the president of the congress, made the call in a statement in Lagos. Mr. Kaigama said that the decision of government to jerk up the […]
Continue ReadingSamsung Electronics has confirmed it is considering dividing the company into two separate firms. The company has been under pressure from some investors to break itself into a holding unit and an operating company to boost shareholder value. The South Korean technology giant also announced plans to increase dividends and said it would continue to […]
Continue ReadingThe Executive Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler on Monday said Nigerians will soon pay Value Added Tax (VAT) and show evidence of being tax payers before obtaining their passports. He said this at the 136th meeting of the Joint Tax Board which had the theme: “ Increased Inter-Agency Co-operation to […]
Continue ReadingThe Group Managing Director of NNPC, Dr Maikanti Baru, has reiterated the commitment of the corporation to upgrade and expand Kaduna Refining and Petrochemical Company Limited (KRPC). Baru made the pledge during a town hall meeting with management and staff of KRPC in Kaduna, Mr Ndu Ughamadu, Group General Manager, Group Public Affairs Division of […]
Continue ReadingFourteen ships are currently discharging petroleum products and other commodities at Apapa and Tin-Can Island ports in Lagos, the Nigerian Ports Authority (NPA) said on Friday. The document indicated that five of the ships were currently discharging petrol. NPA explained that the remaining nine ships were discharging buck steel products, wheat, empty containers, containers and bulk sugar. […]
Continue ReadingThe Minister of Finance, Mrs Kemi Adeosun, on Wednesday in Abuja said N420 billion was shared in October among the Federal, States and Local Governments. Adeosun told newsmen that same amount was shared in September. She said that N6.3 billion was refunded to the federal government by Nigerian National Petroleum Corporation (NNPC). The net statutory […]
Continue ReadingAs part of efforts to fulfil his campaign promise of creating 200,000 jobs in four years, Governor Godwin Obaseki of Edo State, has promised that his administration would partner Guinness PLC in achieving that feat. Obaseki made the promise on Tuesday in Benin at the commissioning the Company’s N4.8 billion new Spirits production lines. According […]
Continue ReadingThe Naira on Monday in Lagos appreciated marginally against the dollar at the parallel market, gaining N2, the News Agency of Nigeria reports. The currency exchanged at N468 to the dollar as against N470 it traded on Friday. The Pound Sterling and the Euro closed at N565 and 510, respectively. At the interbank market, however, […]
Continue ReadingReport that the Nigerian Army has placed order for 50,000 boots from Aba shoe manufacturers has generated commendation for the patronage of Made-in-Nigeria products. The Army reportedly asked Aba shoemakers to produce 50,000 pairs of boots for soldiers. Nigeria had in the past patronize foreign boots for the army, but this singular step has elicited […]
Continue ReadingThe Nigerian National Petroleum Corporation (NNPC) said from January 2016 till date, government lost 7 billion dollars (N2.1 trillion) to the activities of militancy groups and oil pipeline vandals in the Niger Delta region. The Group Managing Director of NNPC, Dr Maikanti Baru, said this on Friday in Abuja at the 2016 Fiscal Liquidity Assessment […]
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