Business

Wage bill, other spending exceed subsidy savings — Oyedele

Wage bill, other spending exceed subsidy savings — Oyedele

…Govt saved N15.8trn from subsidy removal, naira floatation …FG got only N5.43trn, borrowed N11.85trn …No large pool of cash available to FG By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December […]
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MAN advocates upward review of tariff on wheat flour

MAN advocates upward review of tariff on wheat flour

MANUFACTURERS Association of Nigeria, MAN, has called on the Federal Government to review upwards the existing 15 per cent duty on imported wheat flour, ahead of the 2013/2017 Common External Tariff regimes.

NIMASA, MWUN ,Tompolo mourns as Itima is buried

NIMASA, MWUN ,Tompolo mourns as Itima is buried

EMOTION ran wild as officials of the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Maritime Workers Union of Nigeria (MWUN), fought back tears as the remains of the late Managing Director of Global West Specialist Vessels, Captain Romeo Itima was lowered to the ground at Oporoza in Gbaramatu, Delta State.

IG deploys 18 policemen to SEC; vows to deal with criminals

IG deploys 18 policemen to SEC; vows to deal with criminals

In its determination to eradicate crime and malpractices in the Nigerian capital market, the Inspector General of Police, IGP, Mohammed Abubakar, yesterday, announced the deployment of 18 policemen to the Securities and Exchange Commission, SEC, saying, “this administration will not allow any criminal to go scot free without being punished”.

Stakeholders lament Nnaji’s resignation

Stakeholders lament Nnaji’s resignation

Stakeholders in the power sector have expressed worry over the sudden resignation of the Power Minister, Prof. Barth Nnaji, warning President Goodluck Jonathan to be mindful of some Nigerians who may want to rock the ongoing reforms in the power sector due to their vested interest.

Infractions: FIRS reads riot act to tax practitioners

Infractions: FIRS reads riot act to tax practitioners

The Federal Inland Revenue Service, FIRS, has read the riot act to tax practitioners and professionals in the country, warning that any one of them found wanting in the discharge of their duties shall be sanctioned accordingly.