NPA Assures Terminal Operators of Speedy Conclusion of Renewed Concession Agreements

The Nigerian Ports Authority (NPA), has assured that the renewed concession agreements for five terminal at the nation’s seaports that expired in 2021 are almost ready. The Managing Director NPA,…

FIRS to governors: credit projects to taxpayers

The Federal Inland Revenue Service (FIRS) has urged governments to report projects executed by them as being funded by taxpayers.   A statement from the FIRS in Abuja said the…

Investors scurry for banking stocks as global selloffs worsen

Banking stocks were the most active and the largest representative group in the top gaining chart at the stock market as the global stock markets panicked over long-drawn effect of…

37 firms get licences to produce 762.3MW

Fresh licenses and permits have been issued to 37 companies to produce a total of 762.3 megawatts of electricity in order to boost power supply across the country, data obtained…

Electricity consumers pay N210bn in three months

The Nigerian Electricity Regulatory Commission, on Thursday, said power consumers paid a total of N210.17bn to distribution companies in the fourth quarter of last year. It disclosed this in its…

FIRS warns MDAs against hiring tax consultants

The Federal Inland Revenue Service (FIRS) has warned Ministries, Departments and Agencies of Government (MDAs) against appointing consultants and concessionaires to collect taxes due to the Federal Government or any…

Banks’ income tax rise 35% to N75bn in H1’22

Leading banks in Nigeria paid N75.4 billion as Company Income Tax (CIT) in the first half of the year, (H1’22), representing a 35 per cent rise when compared to N55.67…

NGX Group Reiterates Commitment Towards Upholding Corporate Governance

The Nigerian Exchange Group Plc (NGX Group) yesterday said it will continue to uphold the highest corporate governance standards and remains on course with its long-term strategy to provide competitive…

FG commences processes for Baro port concession

The Federal Government has said it has commenced processes for the concessioning of Baro Port having fully concessioned Onitsha Port. The Managing Director, National Inland Waterways Authority, Dr George Muoghalu,…

Nigerian agrifood tech start-ups, others raise $1.1b

Agrifood tech startups in Africa have raised $1.1billion in five years, a report has said. The Africa Agrifood tech Investment Report 2022, AgFunder’s first Africa investment report, in partnership with…