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Tax panel proposes relief for loss-making firms

13.11.2024
The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has revealed that the panel has proposed tax relief for companies making losses and those with low margins. Oyedele disclosed this on Monday via his X handle as he answered questions about the tax reform bills. Some of the companies listed on...
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NUPRC to reduce gas emissions

13.11.2024
The Nigerian Upstream Petroleum Regulatory Authority has announced plans to capture up to 250 million cubic feet of gas flares daily to reduce emissions in the upstream petroleum sector. NUPRC’s Chief Executive, Gbenga Komolafe, disclosed this at the ongoing 42nd Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists in Lagos. Nigeria...
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IPMAN members load petrol N990/litre

13.11.2024
The Independent Petroleum Marketers Association of Nigeria says over 30,000 of its members are set to buy Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery in bulk. IPMAN also revealed that the price of petrol from the $20 billion Lekki-based plant was N940/litre and N990/litre when purchased using ships and trucks, respectively....
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‘Africa must collaborate on spectrum allocations’

13.11.2024
The former acting Executive Vice Chairman of the Nigerian Communications Commission, Dr Bashir Gwandu, has called on African nations to unite in securing 600 megahertz spectrum allocations. The 600 MHz spectrum is a range of radio frequencies in the electromagnetic spectrum that is increasingly being allocated for wireless communication, particularly to support 4G and 5G...
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Mobihealth, others selected for Africa health-tech programme

13.11.2024
Mobihealth and 39 other African health startups have been selected for the HealthTech Hub, an accelerator programme aimed at developing health solutions across Africa, the United Nations Development Programme has said The announcement, made at the YouthConnekt Africa Summit in Kigali, Rwanda, is part of a partnership between UNDP, the Timbuktoo Africa Innovation Foundation, and...
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FG services foreign debt with $3.5bn

13.11.2024
The Federal Government spent $3.58 billion servicing its foreign debt in the first nine months of 2024, representing a 39.77 per cent increase from the $2.56bn spent during the same period in 2023. This is according to data from the Central Bank of Nigeria on international payment statistics. The significant rise in external debt service...
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BUA secures $200m from AfreximBank for expansion

13.11.2024
BUA Industries Limited has said it secured a $200 million financing facility from the African Export-Import Bank to drive its expansion across key sectors. The conglomerate announced its receipt of the financing facility in Cairo on November 11, 2024. In a statement issued on Tuesday, the firm said the fund serves its ambition to strengthen...
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Stock market posts N83bn gain on positive trading

13.11.2024
The Nigerian Exchange Limited closed in the green zone on Monday, with N83bn added to the wealth of investors. This marked the third consecutive positive trading session in a market that had been marked by sell-offs and portfolio rebalancing activities. At the end of the past week, the NGX All-Share Index reflected a one-week decline...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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