Reports indicate that the price of cooking gas may have dropped by 16% owing to improved supply and distribution of the products across the country. According to Vanguard, a market survey carried out around Lagos and its environ indicated that the price of 12.5 Kg which was initially sold for N4, 500 in May 2017 has dropped to about N3, 800.
FG launches $300m Housing Scheme
The Nigerian Government has unveiled a $300 million World Bank loan facility to support new housing scheme known as the National Housing Finance Programme (NHFP). The International Development Association (IDA) loan is a credit facility with 40 years repayment period.
FG to recruit 7,500 graduates as tax advocates
The Federal Government will recruit 7,500 graduates as Community Tax Liaison Officers to raise tax awareness among citizens. The Minister of Finance, Mrs Kemi Adeosun, along with the Chairman, Federal Inland Revenue Service (FIRS), Mr BabaTunde Fowler made this known at a joint press briefing on Thursday in Abuja.
NNPC Crashes Price Of Diesel
The Nigerian National Petroleum Corporation (NNPC) has reportedly crashed the price of Automotive Gasd Oil (AGO) popularly known as Diesel by a whopping 42%. The NNPC made this known on Sunday in a statement issued by Ndu Ughamadu, the Group General Manager, Group Public Affairs Division.
Nigeria's Newest Airline Prepares For Take-off
Nigeria's aviation industry has suffered a prolonged spell of violent turbulence. The nation's leading carrier, Arik Air, was recently taken-over by the government through, the Asset Management Corporation of Nigeria, AMCON, to prevent it from collapsing.
Federal Govt Set to Improve Investment Climate
The Minister of Industry, Trade and Investment, Okechukwu Enelamah, has announced that the Federal Government is collaborating with Microsoft to digitally transform the delivery of services to the investor community in Nigeria and evolve the regulatory and procedural environment governing business incorporation.
Power Supply: FG Approves $187m Afam Plant
The federal government yesterday ratified the Afam emergency fast power plant as part of measures to improve power supply in the country.
AMCON Seizes Properties in Lagos, Ogun, UK Over 4.6 Billion Naira indebtedness
The Asset Management Corporation of Nigeria (AMCON) has taken over possession of multi-billion naira properties in Lagos, Ogun and the United Kingdom from three property firms and eight others following an alleged N4,680,343,681.47 bank debt. The assets, including land, houses, cars and generating plants, were seized in execution of a Lagos Federal High Court order authorising receiver/manager Lanre Olaoluwa to take possession of the properties pending the determination of a suit before the court.
Nigeria Is Africa’s Top Oil Producer Again
Nigeria has overtaken Angola in oil production to become Africa's top oil exporter. According to data from the Organisation of Petroleum Exporting Countries, OPEC, the development followed the return of the Forcados export terminal Nigeria, which lost its Africa’s top oil producer status to Angola in January, recorded the biggest increase in output among its peers in the OPEC last month.
EU announces €143m humanitarian support package for N/East
The European Commission has announced a support package of 143 million Euros (about N50.2 billion) for the early recovery and reconstruction needs in Borno, which is suffering from a worsening humanitarian crisis. The Commissioner for International Cooperation and Development, Neven Mimica, disclosed this in a statement made available to newsmen in Abuja by the EU Communication Officer in Nigeria, Modestus Chukwulaka.
FIRS Generates N778bn In First Quarter 2017
The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017.