Mining: Nigeria bans barite importation The Minister of Mines and Steel Development, Architect Olamilekan Adegbite, has disclosed that Federal Government will soon ban barite importation into the country. This was made known at a one-day Stakeholders Forum on Local Barite Development...

Coronavirus: Shipping Sector may Lose $1.7bn revenue Against rising concerns of a likely impact of COVID-19 disease popularly known as Coronavirus on the global economy, the shipping sector may be at the risk of losing an estimated $1.7 billion revenue...

Union Bank customers Enjoy $25m Facility From IFC The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $25 million local currency investment in a risk-sharing facility to expand Union Bank’s lending to small and...

Senate proposes stiffer sanctions for gas flaring from 2021 ...As Nigeria loses N271bn annually The Senate on Thursday considered a bill which proposes stiffer sanctions for any person or corporate entity involved in gas flaring in Nigeria from January 1, 2021. The...

FIRS to elites: Show good example, pay your tax Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has charged the Nigerian elites to be exemplar taxpayers to the rest of the population by making full disclosure of their...

Senate moves to legalize electronic transactions, criminalize online fraud The Senate has considered a bill to provide enabling framework that would legalize all forms of electronic transactions undertaken in Nigeria. The bill, if passed and signed into law, will prohibit and...