Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has said that MTN Nigeria has not filed any application that could kick-start regulatory consideration of the proposed listing of the telco on the Nigerian stock market. SEC stated that while there had been some engagements with the telco, MTN Nigeria or its professional parties […] …
Nigeria news
Ogun produced highest tonnes of solid minerals in 2018 – NBS
The National Bureau of Statistics (NBS) has disclosed Ogun produced the highest tonnes of solid minerals in the country in 2018. The NBS disclosed this in its State Disaggregated Mining and Quarrying Data for 2018 posted on its website. The bureau said the state produced 16.49 million tonnes of solid minerals, representing 30 per cent […] …
Ayuk seeks collaboration on local content development, improved governance
Centurion CEO and Executive Chairman of the African Energy Chamber, NJ Ayuk, will lead an industry delegation to Nigeria this week to meet various oil industry players. According to the statement on Wednesday by African Energy Chamber, Ayuk, who arrived Lagos, called for more industry collaboration on key issues pertaining to Nigeria’s oil & gas industry, […] …
UNN sets record of electricity generation with organic waste
The University of Nigeria Nsukka (UNN) on Tuesday set the record of electricity generation by using organic waste to install 100KVA Refuse Drived Fuel (RDF) gasification plant for its Nsukka Campus. Prof Benjamin Ozumba, UNN Vice-Chancellor, who expressed happiness over the project during its inauguration, said the university would no longer be a customer to […] …
CBN vows to make Nigeria world’s third palm oil producer
The Central Bank of Nigeria (CBN) has vowed to help push Nigeria to the world’s third largest producer of palm oil. If successful, Nigeria will overtake Thailand and Columbia as a major palm oil producer in the world. Addressing stakeholders in the palm oil industry in Abuja Monday, the Governor of the CBN Mr. Godwin […] …
FIRS Arraigns Companies, 3 Others Over Tax Evasion, Assault on Revenue Staff
The Federal Inland Revenue Service (FIRS) on Monday arraigned Fortless Global Concept Limited and Everyday Wine Shop and their representatives at the Federal High Court, Abuja on alleged tax evasion, obstruction of official duty and attack on staff of the FIRS on duty among other charges. In the Charge No: FHC/ABJ/CR/48/2019, between the Federal Government […] …
FG committed to a stable financial system – NDIC
The Federal Government is committed to ensuring a stable financial system in the country, Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, (NDIC), Umaru Ibrahim, has said. The NDIC boss stated this during a seminar organised by the corporation for management staff of the Federal Ministry of Finance, in Abuja on Monday. Ibrahim stated that […] …
Samsung has transformed Nigeria into FPSO construction hub – NCDMB
Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) unit in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has declared. Speaking to reporters in Lagos on the local content milestones in the oil and gas industry, Executive Secretary of […] …
Move to IPPIS or face consequences, AGF tells MDAs
The Accountant General of the Federation (AGF) Ahmed Idris has advised Ministries, Departments and Agencies (MDAs) of Government to comply with the directive to move their payroll to the Integrated Personnel Payroll Information System (IPPIS) or be ready for the consequences. Ahmed warned the Treasury will leave no stone unturned in ensuring that President Muhammadu […] …
Fed govt launches mobile app to boost ease of doing business
The Federal Government through the Presidential Enabling Business Environment Council (PEBEC) on Thursday launched a new Ease of Doing Business (EoDB) Mobile App, Nigeria’s official public service feedback and complaints platform for business environment reforms. The web-based portal or platform will enable the PEBEC office resolve issues and complaints encountered by private sector operators with […] …