The Nigerian Electricity Management Services Agency and the Ondo State Government have entered into a partnership focused on the technical standardisation, inspection, and testing of electrical installations and equipment. …
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EFCC to go after companies, individuals evading tax
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said on Friday the commission would go after corporate organisations evading tax in the country. Olukoyede, according to …
Read More »NUPRC warns Nigeria may face gas shortfall by 2030
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday called for the upgrade of the country’s gas infrastructure to meet immediate needs. NUPRC made the call at the Association of …
Read More »Nigerian govt exempts gas generators, CNG/LPG dual fuel vehicles, 61 others from VAT (Full list)
The Federal Government has fully exempted 61 items from Value-Added Tax (VAT). The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, disclosed this in a …
Read More »October 1 deadline: Naira-for-crude deal fails to take off
There are indications that the supply of crude oil in naira by the Nigerian National Petroleum Company Limited to the Dangote Petroleum Refinery which should have started on October …
Read More »World Bank backs Nigeria’s $750M electrification plan for rural communities
Nigeria is set to launch a groundbreaking rural electricity project next month, backed by a $750 million financing package from the World Bank. The project, dubbed the Distributed Renewable Energy …
Read More »CBN introduces electronic FX matching system to curb speculation
The Central Bank of Nigeria (CBN) has announced the introduction of an electronic foreign exchange matching system (EFEMS) to curb forex speculation and instil transparency in the FX market. This …
Read More »FIRS reveals date for takeoff of new withholding tax regime
The Federal Inland Revenue Service (FIRS) has disclosed that the newly gazetted Withholding Tax (WHT) regime will take effect from the 1st of January 2025. Consequently, FIRS disclosed that the …
Read More »Firm plans programme on investment migration
Global leaders in residence and citizenship planning, Henley & Partners, is set to hold an investment migration roadshow in Lagos. According to a statement obtained by our correspondent on …
Read More »AfDB eyes 120 million tonnes of additional food by 2025
The African Development Bank plans to produce an additional 120 million tonnes of food by 2025. This announcement was made by the Director General of the AfDB Nigeria Country …
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