Business
Court fixes Sept 21 to hear motion for winding up of NICON Insurance
By IkechukwuNnochiri The Federal High Court in Abuja has slated September 21 to hear a petition seeking to formally wind up NICON Insurance Limited following the cancellation of its operating
Refinery IPO is for the people as process is simplified — Dangote
By Udeme Akpan President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has said the forthcoming Initial Public Offering, IPO, of the Dangote Petroleum Refinery is being structured
Petrol pump prices defy low depot rates, stay above N1,300
By Udeme Akpan, Energy Editor Petrol prices remain elevated at filling stations across Nigeria despite a significant drop in depot prices raising fresh questions over profiteering between wholesale loading and
Naira rises to N1,387/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,387 per dollar from N1,390 in the parallel market on Monday. Similarly, the naira appreciated to N1,322.9 per dollar in the Nigerian
Processing, packaging key to closing Nigeria’s N9trn food import gap
•As country spends N16trn on food imports in three years By Providence Ayanfeoluwa Nigeria’s huge food import gap presents a major opportunity for the domestic food processing and packaging industry
TCN declares force majeure as tower on Kainji-BirninKebbi line collapses
By Obas Esiedesa, Abuja The Transmission Company of Nigeria (TCN) has declared force majeure on the 330kV Kainji-BirninKebbi transmission line following the collapse of a transmission tower along the corridor.
RMAFC targets Chinese investors to boost Nigeria’s oil, gas revenue
By ObasEsiedesa, Abuja The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced engagements with key stakeholders as part of plans to attract increased Chinese investment into Nigeria’s oil and
Elektron Energy moves to transform electricity supply for Victoria Island
By UdemeAkpan Elektron Energy, a developer and operator of embedded power infrastructure, has unveiled its Victoria Island Power (VIPL) project, a 40-megawatt embedded power network designed to provide dedicated and
Oyetola Elated as APM Terminals Signs MoU to Develop Badagry Deep-seaport
Eromosele Abiodun APM Terminals has signed a Memorandum of Understanding (MoU) for the development of the proposed Badagry Deep-Seaport, as Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, led
ICTN’s Ex-President Tasks SMES on Embracing Digital Tax Compliance
Dike Onwuamaeze The immediate past President of the Chartered Institute of Taxation of Nigeria (CITN), Mr. Samuel Agbeluyi, has advised Small and Medium Enterprises (SMEs) to embrace digital compliance under
