January 2025 – Page 172

Nigerian banks struggle to resolve customers complaints – KPMG

07.01.2025

Multinational professional services firm KPMG has said that the resolution of customer complaints has remained the weakest point for the Nigerian banking sector. This was revealed in its 2024 Banking Industry Customer Experience Survey, which was released recently. The report, which is the second edition of KPMG’s West Africa customer research publication, presents insights from...

FG can retain VAT as it is – Oyedele

07.01.2025

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said it is possible for the current Value Added Tax structure to be kept as it is given the controversies it had stirred. Oyedele said this on Sunday when he appeared on a live television programme on Arise TV to...

Local crude demand rises as NNPCL battles debt servicing

07.01.2025

The Nigerian National Petroleum Company Limited may continue servicing its crude-for-loan obligations till 2029 as the demand for oil by domestic refineries increases. NNPCL’s debt burden arises from several crude-for-loan agreements that have tied volumes of the country’s oil production to various financial commitments. This is as the local demand for crude has continued to...

2027: Opposition In Disarray’ll Be No Match For Tinubu –CNPP

07.01.2025

The Conference of Nigeria Political Parties (CNPP) has expressed concerns over the current state of the opposition parties in Nigeria, warning that with the 2027 general election fast approaching, an opposition in disarray will be no match for President Bola Tinubu and his ruling All Progressives Congress (APC). Noting that Nigeria may descend into a...

Nigerians decry high transport fares despite fuel price reduction

07.01.2025

Nigerians have lamented that despite the reduction in the price of petrol, transporters have failed to effect a reduction in transport fares nationwide. These angry Nigerians added that instead, the prices are still going up. The PUNCH reported that on December 19, 2024, the Dangote refinery reduced the ex-depot price of its petrol from N970...

Nigeria’s unrealised export potential now $3bn – ITC

07.01.2025

Nigeria’s unrealised export potential is estimated at $3bn, according to data from the International Trade Centre. The report stated, “The total unrealised export potential for Nigeria stands at $3bn.” The data accessed by The PUNCH on Sunday highlighted key export commodities in Nigeria, including urea, with actual exports valued at $987m and an untapped potential...

BUA refinery progressing, not 90% completed – Management

07.01.2025

BUA Refinery and Petrochemicals has clarified that its refinery project in Akwa Ibom is not at 90 per cent completion, as stated in a misleading report. The company urged the public to disregard the claims, confirming that construction is progressing steadily and that the project is on track to meet its delivery timelines. In a...

Retailers begin loading from P’Harcourt refinery this week – PETROAN

07.01.2025

Barring any last-minute change in plans, marketers and retailers of petroleum products will start lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company this week. The Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, disclosed this in an exclusive interview with our correspondent. According to Obele, since...

Business

Peg VAT at 7.5 per cent, NACCIMA tells FG

07.01.2025

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has urged the Federal Government to reduce corporate taxes to 19 per cent and value-added tax to 7.5 per cent. NACCIMA reckoned that the move would help grow the economy and result in higher tax revenues for the government. The President of NACCIMA, Mr....

Eight prudent ways to invest your 13th-month pay

07.01.2025

The 13th-month pay is a common practice among many companies in Nigeria, often arriving as an end-of-year bonus, just in time for the holiday season. It’s a well-deserved reward for hard work throughout the year. However, while it is tempting to spend it on celebrations, gifts, or a vacation, here are eight opportunities to improve...

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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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Latest News

Nigerian banks struggle to resolve customers complaints – KPMG

FG can retain VAT as it is – Oyedele

Local crude demand rises as NNPCL battles debt servicing

2027: Opposition In Disarray’ll Be No Match For Tinubu –CNPP

Nigerians decry high transport fares despite fuel price reduction

Nigeria’s unrealised export potential now $3bn – ITC

BUA refinery progressing, not 90% completed – Management

Retailers begin loading from P’Harcourt refinery this week – PETROAN

Peg VAT at 7.5 per cent, NACCIMA tells FG

Eight prudent ways to invest your 13th-month pay

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