Business & Finance

Over $1bn Tax Paid By Shell To FG In 2023

Wednesday, May 8, 2024
Shell Nigeria has disclosed that it exclusively paid a total of $1.09bn in corporate taxes and royalties to the Nigerian government in 2023, through the operations of the Shell Petroleum Development Company of Nigeria Limited and Shell Nigeria Exploration and Production Company of Nigeria Limited. ...

National Union Advises PenOp To Improve Engagement With Retirees

Wednesday, May 8, 2024
The National Union of Pensioners Contributory Pension Scheme (NUPCPS) has urged the Pension Fund Operators Association of Nigeria (PenOp) to grow better relationships with retirees for information sharing that would help them to improve on documentation process. While commending the impact of the ...

Firm Urges FG To Address Inflation To Attract FDI, Sustain Growth

Wednesday, May 8, 2024
The Rating and Research firm, Agusto co, has disclosed that Federal Government rsquo;s ability to tackle the nation rsquo;s rising inflation from demand pull-induced sources and attract sustained foreign investment that goes beyond familiar players is crucial to repositioning the country on a path ...

South Korea Plans To Expand Cooperation With Nigeria

Wednesday, May 8, 2024
The new ambassador of South Korea to Nigeria, Kim Pankyu, expressed commitment on expanding business opportunities between the two countries. While speaking in Abuja on the direction of his stewardship in Nigeria, Pankyu explained the need to have a secured Gulf of Guinea for trade to thrive betw ...

MAN Worries Over Sustainable Industrial Devt, Infrastructural Revival

Wednesday, May 8, 2024
The Manufacturers Association of Nigeria (MAN), Apapa Branch, has expressed concern over the worsening state of infrastructure in the Amuwo-Odofin and Apapa axis, the activities of non-state actors and multiple legal and illegal taxes, challenges they said have badly affected productivity and manufa ...

Transcorp President Makes MIPAD's Global Top 100 List, As Company Posts Impre

Tuesday, May 7, 2024
President/GCEO of Transcorp Group, Dr. Owen D. Omogiafo, OON has been recognized as one of the most influential people of African descent (MIPAD) 39;s Global Top 100 Futurist Innovators List. The list recognises individuals who have made remarkable contributions to shaping the future and pioneeri ...

Poor institutions, Knowledge Gap Leads To Project Failure, Says Cardoso

Tuesday, May 7, 2024
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that inadequate institutional capacity, knowledge gap and poor in-house expertise are major reasons responsible for the failure of projects in West Africa. This was disclosed by Cardoso, yesterday at the opening of a w ...

FG Implements National Cybersecurity Fund, Commence 0.5% Deduction

Tuesday, May 7, 2024
The Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to commence 0.5 per cent deduction into the National Cybersecurity Fund. The apex bank, in Abuja yesterday, disclosed that the directive follows an earlier circular and letter to all banks dated June 25, 2018 (Re ...

Stakeholders Urges FG To Implement Policies To Drive Tech Investment

Tuesday, May 7, 2024
Experts have urged the Federal Government to implement policies that would enhance investments in the country rsquo;s technology ecosystem. This was disclosed at the third edition of the TMT Business Law Breakfast series 2024 organised by Duale, Ovia and Alex-Adedipe in Lagos recently. The eve ...

Seplat plans to deliver 13 new oil wells in 2024

Tuesday, May 7, 2024
Seplat Energy Plc has disclosed its drilling program for 2024 with plans to deliver 13 new oil and gas wells across its operated and non-operated assets. This was disclosed by the company in its unaudited results for the first quarter ending March 31, 2024. It said, ldquo;The breakdown of the ...
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