FG cuts interest on late tax payments
…New rate takes effect October 1…Applies to FG, states, FCT tax authorities By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has reduced the interest rate payable by taxpayers for late settlement of their tax liabilities, with the new regime taking effect from October 1, 2026. Under the new arrangement, interest on tax […]
FG advocates compensation for electricity meter service providers
THE Federal Government has directed the Nigeria Electricity Regulatory Commission, NERC to provide a framework for compensating the electricity meter service providers in the nation.
Senate panel launches inquiry over local content in $16bn Egina project
THE Senate Committee on Local Content has directed Total Exploration and Production Nigeria Limited to provide details of Nigerian content in the floating, production, storage and offloading, FPSO, of the Egina project.
GDP growth boosts market capitalization by 0.24%
The equities market, yesterday, rose by 0.24 per cent following the release of a positive Gross Domestic Product,GDP, figure by the National Bureau of Statistics, NBS, indicative of further expansion in the economy.
Shell Companies emerge best in sustainability innovation in Africa
SHELL Companies in Nigeria (SCiN) have emerged the 2017 Best Nigerian companies in Sustainability Innovation in Africa, beating two other finalists at the 11th edition of the Sustainability, Enterprise and Responsibility Awards (SERAs) for Corporate Social Responsibility held in Lagos on Friday.
Why FG should develop gemstone value chain – Oworu
THE Federal Government has been called upon to expedite actions in developing the gemstone value chain in order to generate foreign exchange and create additional jobs opportunities in Nigeria.
