Business – Page 766 – Rise Africa

Moroccan firm, Thales Alenia partner to boost telecom service

08.11.2024

A Moroccan company, Panafsat, and Thales Alenia Space, the joint venture between Thales (67 percent) and Leonardo (33 percent), has signed a memorandum of understanding for the development of a Moroccan satellite communications system. The companies in a statement stated that the system would deliver very-high-throughput services to 26 African countries. It explained that 23...

Capital importation rises 152.8% % to $2.6 bn

09.10.2024

By Elizabeth Adegbesan Foreign Capital importation into the country rose by 152.8 per cent Year-on-Year, YoY, to $2.6 billion second quarter of the year, Q2’24, from $1.03 billion in same period of 2023, Q2’23. However, on quarter-on-quarter, QoQ basis, Capital Importation fell by 22.85 percent from $3.37 billion in Q1’24. The National Bureau of Statistics, NBS,...

Ododo raises minimum wage to N72,500

08.10.2024

….Grants tax relief on salaries By Boluwaji Obahopo Lokoja—Governor Ahmed Ododo of Kogi State, yesterday, threw the public workers in state into a joyous mood when he approved N72, 500 as minimum wage for the least paid workers. The N72,500 wage is N2, 500 higher than the one that was approved in July by the federal...

FG, NNPCL, Dangote plan changes in petrol lifting — Investigation

08.10.2024

By Udeme Akpan, Obas Esiedesa & Ediri Ejoh Plans have reached an advanced stage by the Federal Government, Nigerian National Petroleum Company Limited, NNPCL, and Dangote Refinery for far-reaching changes in the process of lifting and distribution of petrol in the country. Under the current arrangement, the NNPCL allocates crude oil for refining and also undertake...

New withholding tax regime: Stakeholders canvass N100m turnover threshold for small businesses

07.10.2024

•Commend FG’s move to ease tax burden on businesses Stories By Yinka Kolawole Stakeholders have appealed to the federal government to raise the required annual turnover of small businesses to be granted exemption from the newly introduced Withholding Tax (WHT) regulation to N100 millions, instead of N25 million being offered. The government has just unveiled a...

Manufacturer faults revenue generating status of Customs

07.10.2024

The Managing Director of Coleman Wires and Cables, George Onafowokan, has faulted the revenue-generating status of the Nigeria Customs Service, noting that it is only in Nigeria that the Customs has been turned into an Internally Generated Revenue (IGR) body. The businessman who spoke as one of the guests at Channels Television’s Independence Day special event...

Nigeria’s gas output to increase by 52% to 12.2 bcfd —NUPRC

06.10.2024

By Udeme Akpan, Energy Editor, Olakunle Oke, Isama Ebubechukwu, Abdulrazaq Adams & Esther Terwase THE Nigerian Upstream Petroleum Regulatory Commission, NUPRC, yesterday, said Nigeria’s natural gas output would increase to 12.2 billion standard cubic feet per day, bcfd, by 2030, up 52.2 percent from 8.0 bcfd, current level. This is even as the Minister...

Tetra Pak, WeCyclers partner to tackle waste management in Lagos

04.10.2024

By Babajide Komolafe In a bid to turn the tide of waste management in Lagos, Tetra Pak and WeCyclers have launched a scheme that rewards residents for recycling used beverage cartons (UBCs), promising a cleaner city and a boost to the local economy. The partnership which was officially unveiled at a community event in Lagos Island,...

Cost of healthy diet records first decline, now at N1,255

04.10.2024

By Elizabeth Adegbesan The Cost of a Healthy Diet (CoHD) fell by 0.8 percent month-on-month (MoM) to N1,255 per adult per day in August from N1,265 per adult per day in July. This represents the first MoM decline since January when CoHD grew to N858 and continued rising to N1,265 in July, a development attributed to increase...

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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

Moroccan firm, Thales Alenia partner to boost telecom service

Capital importation rises 152.8% % to $2.6 bn

Ododo raises minimum wage to N72,500

FG, NNPCL, Dangote plan changes in petrol lifting — Investigation

New withholding tax regime: Stakeholders canvass N100m turnover threshold for small businesses

Manufacturer faults revenue generating status of Customs

Nigeria’s gas output to increase by 52% to 12.2 bcfd —NUPRC

Tetra Pak, WeCyclers partner to tackle waste management in Lagos

Cost of healthy diet records first decline, now at N1,255

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The Battle for Africa

I apologise for saying no heaven without tithe – Adeboye

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I apologise for saying no heaven without tithe – Adeboye

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