NLPGA Rejects PPPRA’s N2.5bn ‘Administration Tax’ On LPG         The Nigeria Liquefied Petroleum Gas Association (NLPGA), has rejected moves by the Petroleum Product Pricing Regulatory Agency (PPPRA), to impose N2.5 billion Administrative Levy or ‘Administration Tax’ on LPG. In a message obtained by Economic Confidential, Executive Secretary,...

Gombe Plans N2.5bn Business Survival Fund         The Gombe State Government says it is currently devising means to cushion the post COVID-19 pandemic, in 2021 budget. The government further revealed that it would earmark N2.5bn loans for small and medium scale enterprises, youths and business women across...

Miners Blame BoI For Not Disbursing N2.5bn Mining Grant   The Miners Association of Nigeria has blamed the Bank of Industry for the failure to disburse the N2.5bn Solid Minerals Development Fund. The fund was established in 2016 to help build the capacity of Nigeria’s artisanal and...

Only N95m Disbursed From N2.5bn Minerals Fund, Minister Says   Only a sum of N95m has been disbursed from the N2.5bn Solid Minerals Development Fund, which was established in 2016. The fund was meant to build the capacity of Nigeria’s artisanal and small-scale miners in line with...

FG’s VAT Reversal To Cost Investors N2.5bn   Investors could pay about N2.5bn yearly as additional costs on transactions, following the Federal Government’s resumption of Value Added tax (VAT) collection on stock market transactions. Investors would pay an average of N2.49 billion yearly or N207 million monthly,...

NAHCO Invests N2.5bn For Equipment Upgrade   The Nigeria Aviation Handling Company Plc says it has acquired N2.5bn set of equipment for passenger facilitation and other aspects of its business. The Group Managing Director, NAHCO Aviance, Mrs Olatokunbo Fagbemi, who made this known on Thursday, said it...