NNPC Boss, Dr Baru said that the Corporation would continue to live up to its responsibility by intervening in the supply of deregulated petroleum products to ensure supply sufficiency.Continue reading
All business, markets and economics news
Foremost industrialist and richest man in Africa, Alhaji Aliko Dangote, has restated his commitment to assist the Federal Government in turning around and diversifying the country’s economy.Continue reading
The Group CEO of Oando Plc, Adewale Tinubu, has blamed the company’s record loss on falling crude oil prices and the weakness on the naira.Continue reading
Zimbabwean author, NoViolet Bulawayo, the winner of the 2014 Etisalat Prize for Literature gifts her fellowship to her runner-up.Continue reading
Alhaji Shehu Ahmed, Commissioner of Works and Infrastructure said funds would be utilised to remodel the airport’s terminal building, provide an operational cargo terminal and cold stores for preservation of perishable goods for export.Continue reading
Chris Igwe, Managing Director, Mainland Oil and Gas, on Tuesday said the company planned to invest about N2 billion in mega filling stations across the country.Continue reading
The President, West African Union of Tax Institutes (WAUTI), Mr Kunle Quadri, on Saturday urged Nigerians to desist from destructive criticism of government policies in the interest of national growth.
Quadri told the News Agency of Nigeria (NAN) in Lagos that constructive criticisms would enable governments to evolve policies that would protect the interest of the people.
He said that although some laws and policies were not favourable to the masses, Nigerians must always express their views properly.
“For instance, there are existing laws in the nation’s tax system which are not in the best interest of the masses.
He said that the situation resulted in multiple taxation.
Quadri said that multiple taxation persisted because taxpayers were not adequately represented in the decision making.
The WAUTI boss said that the nation’s tax system would be better when the people were involved in decision making
“Whenever tax issues come up in other countries, stakeholders arise and make meaningful submission to the parliament.”
He advised the citizens to participate well in any referendum that could be called by government to amend any laws.
World Bank Acting Vice President Keith Hansen said the overall bank financing for safety nets in low and middle income countries had reached 6.7 billion dollars in the past three years.
Hansen, who is the bank’s Human Development Network, said th…
The volume of raw cash in circulation dropped significantly in January as the cash-lite policy of the Central Bank of Nigeria continued to gain ground. At N1.457 trillion, currency in circulation fell by 10.7 per cent value in the review month, in cont…Continue reading