Business news
The Nigerian maritime industry is projected to grow by 2.5 per cent to five per cent between now and 2019 amidst an expected increase in demand for maritime services during the period. This was contained in the Nigerian Maritime Industry Forecast for 2018/2019, which was unveiled in Lagos on Tuesday by the Director-General, Nigerian Maritime […]
The Federal Government on Tuesday launched the first edition of the Nigeria Annual Trade Policy Report, which was put together by the Nigerian Office for Trade Negotiations The document was presented to the public by the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah. The report identifies the priorities in Nigeria’s trade policy and […]
The Fiscal Responsibility Commission on Tuesday questioned officials of the Nigeria Immigration Service for failure to produce audited accounts since it was included among agencies expected to pay operating surpluses into the Consolidated Revenue Fund in 2013. At a meeting between the FRC and a team of NIS officials led by Deputy Comptroller General, Finance […]
OPEC chief Suhail al-Mazrouei said Tuesday he expected the global oil market to be balanced this year, as producers continue to trim production following 2014 market crash. “I am optimistic that this year, we will achieve a market balance” between supply and demand, Mazrouei, also the energy minister of the United Arab Emirates, told the […]
The Minister of Finance, Mrs. Kemi Adeosun, on Monday met with a delegation from the China Development Bank to discuss areas where the lender could be of assistance to the country. The meeting, which was held at the headquarters of the finance ministry, was attended by the Permanent Secretary at the ministry, Mahmoud Dutse, and […]
The Federal Government says it has invested enormous resources in the establishment of some agencies and therefore deserves to get return on investments in the form of operating surpluses from the concerned agencies. The Federal Government stated this in a new document titled: ‘Operating Surplus Calculation Template’, which was prepared by the Fiscal Responsibility Commission […]
Amaka Obiefuna. Mr. Godwin Emefiele, the much respected Nigeria Central Bank Governoer has won the Public Service Award for 2017. The Award was conferred on him by The Sun Publishing Limited, publishers of The Sun titles, on Saturday, February 24, 2018 as part of its 15th Annual Awards ceremony. Managing Director/Editor-in-Chief of the Sun Publishing […]
For the third time running, Shell has won the Nigeria Oil and Gas Industry Games (NOGIG), posting a commanding victory streak in the history of the 30-year old triennial competition. At the end of the week-long NOGIG 2018 in Lagos, Team Shell topped the medal table with 11 gold, 12 silver and 11 bronze, leaving the […]
The implementation of the new national minimum wage would commence in the third quarter of this year, the Federal Government announced on Monday. According to the Minister of Labour and Employment, Chris Ngige, the negotiation committee for the new minimum wage for workers had received memoranda from all stakeholders involved in the process, adding that […]
The Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, has advised prominent Nigerians with tax liabilities to take advantage of the Voluntary Assets and Income Declaration Scheme, as political, social or economic prominence will not insulate them from sanctions for non-declaration. Fowler gave the advice in an interview in Lagos on Saturday. According to the […]