The Independent Media and Policy Initiative (IMPI) has praised the administration of President Bola Tinubu for achieving what it described as Nigeria’s highest infrastructure spending level in 25 years. In a statement released in Abuja on Sunday, the group’s chairman, Omoniyi Akinsiju, said the current administration had surpassed previous governments in annual capital expenditure. According…
The management of the Federal Capital Territory Internal Revenue Service (FCT-IRS) has reaffirmed its commitment to operational stability, staff welfare and strategic revenue growth. This is contained in a statement issued by the service in Abuja on Tuesday. The management said the statement was to clarify recent reports about planned disruptions by unauthorised external actors….
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, said that the ongoing tax reforms were designed to build a global competitive, equitable and fiscally sustainable economy. Oyedele made the statement during the 28 annual tax conference of the Chartered Institute of Taxation of Nigeria (CITN), in Abuja on Tuesday. Theme:…
The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has presented Nigeria’s Blue Economy Agenda at the Africa Forward Summit in Nairobi, Kenya, where he participated in a high-level panel discussion on the blue economy. The Special Adviser to the Minister on Media, Dr Bolaji Akinola, made this known in a statement in Lagos…
A petroleum economist, Prof. Wumi Iledare, says NNPC Ltd.’s new agreement with two Chinese firms could revive Nigeria’s troubled refinery rehabilitation efforts. Iledare, Professor Emeritus of Petroleum Economics, shared the view during an interview with the News Agency of Nigeria (NAN) on Monday in Lagos. He described the Memorandum of Understanding (MoU) as a potentially…
Residents, transport operators and business owners in Lagos say rising fuel prices are increasing transportation fares, business costs and pressure on household incomes. A survey by correspondents of the News Agency of Nigeria (NAN) showed that petrol prices rose from about N1,250 per litre to above N1,300 in many filling stations, with some outlets dispensing…
Shareholders have commended the retired Chairman of Zenith Bank Plc, Jim Ovia, for his contributions to the growth of the bank and the transformation of the banking industry. The News Agency of Nigeria (NAN) reports that Ovia retired on May 5 after serving the mandatory 12 years as chairman in line with regulations of the…
The Nigerian National Petroleum Company Ltd. has praised the Nigerian Institute of Petroleum and Gas Engineers for advancing Nigeria’s oil and gas industry. The commendation came during a courtesy visit by NIPetGE President-elect, Mrs Prisca Kanebi, and her delegation to NNPC Ltd. leadership. The Group Chief Executive Officer, Mr Bayo Ojulari, was represented by Executive…
Insurance and pension consultant, Mr Babatunde Raimi, has urged the National Insurance Commission (NAICOM) to strengthen enforcement of the Nigerian Insurance Industry Reform Act (NIIRA 2025) to ensure prompt settlement of claims by insurance firms. Raimi said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos. NAN reports…
The Bureau of Public Procurement (BPP) says the Federal Government saved about N1.1 trillion within a year through a newly established Price Intelligence Unit. Dr Adebowale Adedokun, Director-General(D-G), BPP, disclosed this in an interview with the News Agency of Nigeria(NAN) in Abuja on Sunday. Adedokun said that the unit benchmarked project costs against national and…
