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Compel oil companies to employ Nigerians, PTDF tells FG

According to Haruna, who was represented by Mrs. Edna Eneh, Director Reform and Coordination in the Ministry, lauded the PTDF for performing the Corporate Social Responsibility initiative, especially as there is a lot that still needs to be done in growing the sector. He said, “The industry is dynamic and we have to move in line with global developments in the oil and gas industry, especially as the world has evolved into a global village.”

Importers shun Onne, take cargo to nearby countries

“Everybody should have a choice of where they want to take their cargoes to. “The government concessioned the ports, all of them (concessionaires) signed the same documents. Why do you have to force people to take their cargo to Onne so that they can charge them in dollars, and not only that, their charges are 300 times more than regular charges in other ports.”

Over 2,000 Nigerian used cars sold monthly through online marketplace

Online vehicle marketplace, Carmudi.com has said that Nigerian used cars remain the best selling cars online, as about 2,400 Nigerian used cars are sold through the platform monthly. Carmudi’s Head of Operations for Africa, Mohammed Iyamu told Vanguard that of the 3,000 Nigerian used cars that are listed on the website monthly, 80 per cent are sold.

Dogara’s expensive price for peace

IT is no longer news that peace has finally been restored in our House of Representatives. The Senate and House of Reps can now settle down and attend to the heavy workload that has accumulated in the past two months. But before we proceed with business as usual, we must take note of some of the worrisome and unsavoury things the deal for peace left in its wake. First, let us recapture the issue in brief.

What constitutes ‘trade’ for tax purposes

A definition of the word ‘trade’ cannot be found in Nigerian tax legislation although an attempt was made in PITA. The interpretation Section of the Fifth Schedule of PITA defines “trade or business” to mean “trade or business or that part of a trade or business the profits of which are assessable under this Act”.

LMC and the burden of club licensing

So much has been written about the success of the ongoing Glo Premier league, on and off the field that I have very little to add.
I do appreciate however the constant assertion by the operators that there is still much to be done before we can relax and thump our chests. Such an area is in the Club Licensing structures.

D-G, NCAA: One year of piloting NCAA’s affairs

“After 60 days ICAO will forward the USAP CMA audit report to Nigeria. In 30 days, Nigeria will submit its comments on the audit report if any. Within another 30 days, the country will submit to ICAO its Corrective Action Plan (CAP)” he said. An elated Capt. Usman revealed that he was happy that Nigeria performed better than she did in 2008 adding that the country would not rest on her oars but will continue to ensure that our air transport operation is secure and safe.

BVN: Investors exempted from extra charge for signature, biometric verification

Investors in the Nigerian capital market have been excluded from paying extra fee for biometric and signature verification in the process of keying into the automation of capital market activities. Mr. Niyi Ajao, Executive Director, Technology and Operations, Nigeria Inter –Bank Settlement System (NIBSS) disclosed to Vanguard that arrangements were reached by Central Bank of Nigeria, CBN , Securities and Exchange Commission SEC an NIBBS to ensure that investors do not incur extra charge as the market moves into full automation processes.

Lessons Buhari can learn from Obama about managing a tough economy

It is atypical for an American president to invite a nascent African head of state to the White House, especially less than one month after the latter’s inauguration. To some observers, therefore, US President Barack Obama’s invitation of his Nigerian counterpart, Muhammadu Buhari, for a White House parley scheduled for July 20 would seem to be an aberration and a surprise. But an analysis of both leaders’ circumstances suggests that such a meeting is a no-brainer.

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