FAAC shares N2.43trn among FG, states, LGs
•As CIT, CGT, stamp duties, VAT collections decline By Emma Ujah The Federation Account Allocation Committee (FAAC) has shared N2.428 trillion among the three tiers of government, Federal Government, state governments and local government councils. This comes as collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties and Value Added Tax (VAT) […]
Oil prices shoot up after New York City explosion
Oil prices rose yesterday as an explosion in one of New York City’s busiest transit hubs and expectations that cold weather will increase demand for fuel helped lifted prices.
Underwriters shun Takaful Insurance
Underwriters in the insurance sector have shunned Takaful Insurance product due to lack of confidence in the prospect for the business.
SEC, OANDO in legal cross fire over suspension of shares
The Securities and Exchange Commission and Oando Plc yesterday engaged in legal cross fire at the Federal High Court in Lagos over the technical suspension imposed on the shares of the company on the floor of the Nigerian stock market
Arms importation: Customs, agents trade blames over use of scanners at Apapa port
Amidst recent upsurge in the importation of arms and ammunition into the country the industry stakeholders are in tango over provision usage scanners at the nation’s seaports.
NIPCO deepens gas usage with free accessories
NIPCO Plc said it is ready to partner with the federal government to improve access to Liquefied Petroleum Gas [LPG] as cooking fuel to the generality of Nigerians at affordable rates.
