The massive 650,000 bpd Dangote Petrochemicals Refinery in Lagos will upon completion, meet national consumption demands for gasoline (fuel), diesel, aviation fuel and kerosene.
France To Invest Over €1bn In Nigeria’s Oil and Gas Sector
The French Government says it has set aside about one billion euros to be invested in Nigeria’s Oil and Gas industry.
Ebonyi And Boi To Sign N2bn Mou For Agric And Solid Mineral Development
Governor David Umahi of Ebonyi State, and Olukayode Pitan, managing director of Bank of Industry (BoI), have agreed to sign a memorandum of understanding (MoU) on N2 billion matching fund to support productive venture in agriculture and solid mineral in the state.
Training Of 7, 500 Tax Advocates Has Commenced - FG
The Federal Government says it has commenced the training of 7,500 graduates set to be deployed to rural communities for enforcement of tax laws. The Minister of Finance, Kemi Adeosun who made this disclosure after visiting the first batch of about 27 graduates selected from the N-Power social intervention scheme for the exercise stated that the aim of the move was to increase the nation's Internally Generated Revenue (IGR) while reducing over dependence on oil revenue.
Training Of Workers No More A Welfare Package – FG
The Head of the Civil Service of the Federation, Mrs. Winifred Oyo-Ita, has stated that training and retraining of Federal Public Servants is essential to development of the nation and will no longer be a welfare package used to douse Labour tensions.
Etisalat vs Banks: CBN, NCC intervene to save jobs, Asset Stripping
The Central Bank of Nigeria (CBN) on Friday, June 23, 2017 said the apex Bank and the Nigeria Communications Commission (NCC) have decided to intervene in the deepening crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated loan of about US$1.2 billion granted the telecom company by the banks, in order to prevent job losses and asset stripping.
FG Reconstitute National Privatisation Council
The Acting President, Professor Yemi Osinbajo, who chairs the NCP noted that the council has successfully handled the privatisation and reformation of 142 public enterprises since inception.
Federal Government Set To Train Farmers On Best Agronomy Practices
The Federal Government is set to train farmers on best agronomic practices for yam farming to avoid rejection of the produce at the international markets. This was disclosed by Prof. Simon Irtwange, Chairman Technical Committee on Nigeria Yam Export Programme in Abuja on Monday.
Lagos, Abuja Among 60 Most Expensive Cities In The World
A reports published yesterday by mercer.com tagged "23rd Cost of Living Survey", listed Lagos and Abuja are among the 60 most expensive cities in the world.
Tax Defaulters To Get Five Years Jailed Term, Forfeit Assets
The Minister of Finance, Mrs Kemi Adeosun has disclosed that tax defaulters in the country risk at least five years jail and asset forfeiture.
FGs, States and LGAs Share 462.4 billion Naira in May
Nigeria's distributable government revenues rose to in May from 415.7 billion naira in April due to higher proceeds from corporate taxes, a government statement said during the Federal Accounts Allocation Committee (FAAC) meeting on Thursday.