Amid the crippling situation of fuel scarcity in most parts of the country, Nigeria Customs Service (NCS) has confiscated a total of 2,200 jerrycans laden with premium motor spirit (PMS) or petrol. The jerrycans, which were confiscated at Pashi-Yekeme community in Owode and the creeks were meant to be ferried to other neighbouring countries. According […]
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Despite the increase in fuel allocation to 250 trucks daily by the Nigerian National Petroleum Corporation (NNPC) to arrest the fuel queues which returned to major parts of Lagos on Sunday, the situation continued unabated yesterday, as majority of the fuel stations had a hectic day attending to motorists. Majority of the fuel stations across […]
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The Federal Government is targeting 15 per cent tax contribution to the Gross Domestic Product (GDP) through improved tax collection strategies, the Minister of Budget and National Planning, Senator Udo Udoma, has said. Udoma stated this in Lagos at the private equity summit organised by Udo Udoma and Belo-Osagie Law Firm with the theme “Nigeria: […]
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The Federal Inland Revenue Service (FIRS) has grossed ₦4 trillion in taxes last year. This was disclosed yesterday by the FIRS Chairman, Mr. Babatunde Fowler, during a visit of the members of the Senate and House of Representatives Finance Committees to the palace of the Oba of Lagos, Oba Rilwan Babatunde Akiolu. The visit was […]
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…with equities market sustained gains Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu, has expressed confidence in Nigeria’s economic recovery on the back of fiscal and monetary policies that have steered the country in the right direction. Elumelu who stated this on the eve of his departure for the […]
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Long queues of motorists in search of Premium Motor Spirit (PMS), popularly called petrol, returned to major parts of Lagos yesterday amid claims of shortage in supply. Findings by Daily Sun across some fuel stations in Ogba, Ikeja, New Oko Oba, Apapa-Oshodi Expressway, Ikoyi and Lekki-Epe Expressway, revealed that motorists had a hectic day in […]
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Governors of Sokoto, Kebbi, Zamfara and Katsina states are willing to partner the Federal Government to facilitate the exploration of both ethanol and hydrocarbon resources in the basin. The Sokoto State Governor, Aminu Tambuwal, said this, adding that his administration would support the Federal Government in ensuring the success of the exploration activities in the […]
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Nigeria’s global ranking in retail development dropped from the 19th position recorded in 2016 to 27 out of 30 countries surveyed in 2017. Total national sales from the sector also dropped from $125 billion in 2016 to $109bn in 2017, according to the Global Retail Development Index, which measures retail investments based on all relevant […]
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Many state governments have used the third tranche of the Paris Club refund to pay the arrears of workers’ salary and pension, a survey by the News Agency of Nigeria has revealed. In Osun, the state Chairman of Nigeria Labour Congress (NLC), Mr Jacob Adekomi, said that based on the “modulated salary’’ structure which the […]
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Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in the country’s oil industry. Nigeria’ lower house of parliament has passed a version of the bill which is the same as one approved by the […]
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The African Development Bank, (AfDB) would increase its investments in Nigeria to $8 billion by next year, the President, Dr. Akinwumi Adesina, has revealed. Speaking at the opening of the bank’s Country Office building in Abuja, Thursday, he said that the institution would continue to strongly support Nigeria, the largest shareholder of the bank. According […]
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The House of Representative Committee on Industry has scored the Standards Organisation of Nigeria (SON) high on effective implementation of budgetary provisions for its laboratory complex at Ogba, Ikeja. The Committee Chairman, Abubakar Moriki, who led an eight-man delegate of Patrick Aisowieren; Micky Kazzim; Sam Onuigbo; Ahmad Kalambaina; Mohammed Ibrahim; Baderinwa Bamidele and Yusuf Buba […]
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