Import: Ministries, MDAs evade taxes-Customs
Nigeria Customs Service (NCS), says only the office of the President, Commander-In-Chief of the Armed Forces of the Federation is exempted from paying taxes on...
Business
Investors withdraw N116.72bn from Nigeria’s stock market in six months
The Nigerian Exchange Limited has revealed that foreign investors in the equities market withdrew a total of $116.72bn from January to June this year. The...
Nigeria quits maritime organization over electoral fraud
Nigeria has exited the Maritime Organization for West and Central Africa (MOWCA) following alleged disregard for the rules of procedure regarding the suitability of candidates...
Customs impounds six containers of smuggled timber, arrest 2 suspects
The Nigeria Customs Service, NCS, Federal Operations Unit( FOU) Zone ‘C’ has impounded three trucks conveying six 6×20ft containers of logs of unprocessed timber. This...
Rivers govt shuts down Trans-Amadi slaughter market permanently
The Rivers State Executive Council has approved a total shut down of the Oginiba slaughter market located in Trans -Amadi Industrial layout in Obio-Akpor Local...
We can’t prevent SHELL from divesting onshore assets – Kyari
Barely a few days after Royal Dutch Shell launched the divestment of its 30 per cent stake in Shell Petroleum Development Company, its Nigerian subsidiary,...
5G: NCC, telecos agree on Frequency Spectrum
Major telecommunication companies in Nigeria have agreed with the Nigerian Communications Commission (NCC) on instruments necessary for the deployment of 5G technology in the country....
CBN direct banks to set up teller points for forex
Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign Exchange...
Water producers in Rivers State happy with ministry’s sanitisation effort
Water Producers Association of Nigeria (WAPAN), Rivers State Chapter, and her sister organization, Association of Table Water Producers of Nigeria (ATWAP), have commended the efforts...
Why FG allowed only Dangote, two others to import surgar-CBN
Central Bank on Nigeria, says it restricted the importation of sugar into the country to three companies: BUA Sugar Refinery Ltd, Dangote Sugar Refinery Plc,...