CBN mandates BDCs to cap forex profit at 1.5%
July 18, 2024 The Central Bank of Nigeria(CBN) on Thursday directed Bureau De Change (BDCs) operators to sell forex at a maximum profit margin of 1.5 per cent, aiming to…
NLNG explains payment of 2016 revised Corporate Income Tax to FIRS
Nigeria LNG Limited (NLNG) has noted media reports suggesting that a Tax Appeal Tribunal ordered NLNG to pay $27.5 million to the Federal Inland Revenue Service (FIRS) as a revised…
Tinubu: All New Mining Licenses Must Have Local Value
From left. Deputy Governor of Benue State, Samuel Ode ; Deputy Governor of Nasarawa State, Dr. Emmanuel Akabe ; Minister of Solid Mineral Development, Dr. Dele Alake and Vice President…
TotalEnergies sells Nigerian onshore oil assets to Chappal Energies for $860 mln
July 17, 2024 TotalEnergies has sold its minority share in a major Nigerian onshore oil joint venture to Mauritius-based Chappal Energies for $860 million, the French energy group said on…
Alake, African mining ministers plan tougher rules to boost value chain
Stiffer measures to cut raw mineral exports and boost value addition topped talks among African ministers of mining at the Ministerial Roundtable held yesterday to flag off the annual Africa…
Refinery: We lost $630m in interest over delay in acquiring land – Dangote
Delay in acquiring and accessing the vast shore line land housing the Dangote Petroleum Refinery and Petrochemicals Free Zone cost the company a loss of $630 million in interest, reports…
Oil Production: NASS Pledges Support for NNPC Ltd, Moves Against Crude Oil Theft, Vandalism
The National Assembly has thrown its weight behind NNPC Limited’s ongoing efforts to boost Nigeria’s crude oil production and grow its reserves, saying it will consider stiffer consequences for…
Smartphone sales up again, Samsung leads Apple, others
Research from a trio of analyst companies reported another quarter of growth for the global smartphone market on improving consumer sentiment, with the addition of new features across price points…
Emirates SkyCargo boost fleet, orders 5 more Boeing 777 Freighters
Boeing and Emirates SkyCargo on Tuesday announced an order for five additional 777 Freighters. The new purchase takes Emirates’ order book to 245 Boeing widebody planes, including 10 777 Freighters….
LAGRIDE: LASG signs new partnership with CIG motors, to take delivery of 5,000 vehicles
July 16, 2024 The Lagos State Government will, in the next few weeks, take delivery of 2, 000 brand new vehicles for taxis in the Lagos Ride (Lagride) model. The…