FG slashes interest rate on late tax payment
By Emma Ujah, Abuja Bureau Chief The Federal Government (FG) has reduced the penalty interest rate for late settlement of tax liabilities, with the new regime taking effect from October 1, 2026. Under the new arrangement, interest on tax liabilities payable in naira will be pegged to the Central Bank of Nigeria’s (CBN) Monetary Policy […]
Stock market volatility: Operators seek FG intervention fund
Operators in the Nigerian capital market have moved for Federal Government intervention fund to save the market from the current volatility and grow the economy.
NEPC targets $30 billion earning from non-oil export
NIGERIAN Export Promotion Council (NEPC) has put in place some plans that will help increase the country’s earnings on non-oil export to $30billion from the $2.7billion it currently stands even as the Council and the Ministry of Agriculture have evolve ways to transform the nation’s economy.
GSK set to divest from drinks business
GSK Consumer Nigeria Plc has confirmed that it has received a non-binding offer from, Suntory Beverage & Food , SBF Limited to diversify its drinks business comprising the bottling and distribution of Ribena and Lucozade and part of the Agbara manufacturing site.
NNPC/Chevron gas project to improve power
TO improve power supply and support government’s effort to reduce gas flaring, the Nigeria National Petroleum Corporation, and Chevron Nigeria Limited, NNPC/CNL Joint Venture, have announced the completion and load-out of the topside module of the SONAM N on-Associated Gas, NAG, Wellhead Platform project.
Current economic climate calls for investment diversification —Oyebola
Managing Director/Chief Executive, FBN Capital Asset Management, Mr. Michael Oyebola has advised investors to embrace diversification as a tool of personal and institutional financial planning in light of the prevailing economic realities in the country.
