Sunday, February 23, 2020
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Business

World Bank Approves Six Development Projects For Nigeria In 2020

The World Bank on Tuesday announced the approval of six development projects valued at about $2.1885 billion for execution in Nigeria in 2020. The World Bank said on Wednesday the approved projects are to support Nigeria’s development priorities focused on...

Dangote Group Joins PMI Council

Dangote Group has been inducted into the Global Executive Council of the Project Management Institute, making it the first African business organisation to become a member of the institute. The group in a statement issued on Sunday stated that it...

Tax waiver: Nigeria Loses N1.3 trillion – FIRS

The Federal Inland Revenue Services (FIRS) says Nigeria lost N1.3trillion to granting of tax waivers to companies operating in three sectors of the economy in the last five years. Chairman of FIRS, Muhammad Nami, made the disclosure at an investigative...

Nigeria’s Oil Exports Fall As Explosion Shuts Pipeline

The nation’s oil exports have suffered a setback as an oil pipeline explosion forced the Nigeria Agip Oil Company, a subsidiary of Eni, to close a pipeline feeding the Brass oil export terminal. Reuters reported on Thursday that the explosion...

World Bank: 87% of Poor Nigerians Are In The North

The World Bank has estimated that 87% of all the poor people in Nigeria are in the north. In a report titled, ‘Advancing social protection in a dynamic Nigeria’, the Bretton Wood institution said the south-south zone recorded the most...

One Billion Oil Barrels Found In North-East- FG

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that the nation’s oil and gas sector has worsened as the uncertain fiscal environment put a damper on investment. The minister also disclosed that about a billion...

Tin Can Customs Eyes N47.4bn Monthly Revenue

Ahead of its official revenue generation quota from the headquarters of the Nigeria Customs Service, the Tin Can Island Command has declared that it is already working towards achieving N540bn this year, at a monthly minimum of N47.4bn. The Command...

For Ninth Year, Dangote Named Africa’s Wealthiest Man

The Chairman, Dangote Group, Aliko Dangote has been named the wealthiest person in Africa for the ninth consecutive year. However, the latest ranking of the world’s billionaires by Forbes estimated that his net worth dropped by $200m from $10.3bn to...

Group Advises FG To Relocate 15,000 Containers From Apapa

Stakeholders have suggested utilising the Ikorodu Lighter Terminal as an alternative container depot to lessen congestion at the Apapa and Tin Can Island ports. Speaking under the aegis of the National Council of Managing Directors of Licensed Customs Agents,...

Customs investigate $8.07m seized at Lagos airport

The Nigeria Customs Service on Tuesday said it intercepted $8,065,612m (N2.92bn) at the Murtala Muhammed International Airport, Lagos. The Comptroller General of Customs, Col. Hameed Ali (retd.), said the cash which was in $100 denomination, was found sealed in 20...

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Iranian Tankers Stranded By US Threat Sanctions

Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the UAE for about a month as demand for the...

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