The Court of Appeal sitting in Lagos has dashed the hope of the Federal Government to raise about N2.5tn per annum from stamp duties on bank lodgements with value of N1,000 and above.
Ruling on an appeal filed by Standard Chartered Bank against Kasmal International...
Niger Delta Avengers, NDA, yesterday blew up the Nembe 1, 2 and 3 trunk line jointly operated by Agip, Oando and Shell Petroleum Development Company, SPDC, disrupting the supply of 300,000 barrels of crude per day to Bonny Export Terminal in Rivers State.
Spokesperson of...
The Senate mandated its Committee on Customs, Excise and Tariff to carry out a holistic investigation into the activities of the Nigeria Customs Service (NCS) with a view to identifying the reasons for its declining revenue, leakages and irregularities in its operations.
The recommendations of...
The Senate condemned the act of hawking, selling and otherwise illegally trading in new Naira notes, coins or any notes issued by the Central Bank of Nigeria.
It urged security agencies, as a matter of urgency, to enforce compliance with the provisions of Section 21...
A consortium of German renewable energy companies led by Nigus has concluded plans with the Federal Government to build five solar power plants worth N183bn ($600m) in some North-Eastern states.
According to the Nigerian Investment Promotion Council and the consortium, each of the solar power...
Senior Special Assistant to the President on Trade and Investment, Dr. Jumoke Oduwole, said the World Bank had commended the implementation of the Treasury Single Account (TSA) by the Federal Government through Remita.
Oduwole said not only has Remita, the Central Bank of Nigeria (CBN)-approved...
