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Thu, May

We Are Ready To Work With Nigeria On Power Sector Reform – World Bank

The World Bank Group said on Monday that it is ready to work with the Nigerian government to revamp its power sector. This was disclosed by the World Bank’s Senior Communications Office in Nigeria, on Monday in Abuja, following a meeting with the International Finance Corporation.

Full Rehabilitation Of All Refineries To Commence January 2020 – GMD NNPC

The Nigerian National Petroleum Corporation, NNPC, on Saturday expressed optimism that the nation’s refineries, located in Port Harcourt, Warri and Kaduna, will roar to life and commence refining of crude oil at optimum capacity before 2022.

Payment Of New Deposit/Withdrawal Charges Optional - CBN

The Central Bank of Nigeria (CBN) says the newly introduced controversial charges on bank deposits were optional. The apex bank also said that charges on withdrawals from banks were optional for individuals and businesses. The CBN made the clarification on its verified/official Twitter handle Sunday morning. 

Court Orders Forfeiture of P&IDs Assets Over $9.6bn Liability

The Federal High Court sitting in Abuja had on Thursday, 19th September 2019, granted the request by the Federal Government of Nigeria to seize all assets belonging to P&ID Limited, Virgin Island and its Nigerian affiliate, P&ID Nigeria Limited.

Mr. Godwin Emiefele, the Governor of the Central Bank of Nigeria (CBN) has hinted Nigerians on Why the apex bank increased its Value Added Tax (VAT) from 5% to 7.5%, saying the decision was to improve on the countries revenue generation.

Border Closure: Emir Of Kano Commends FG, Says It Will Revamp Economy

The Emir of Kano, Mohammadu Sanusi II has greeted with approval the step taken by the federal government to shut down the Nigerian land borders with neighbouring countries, saying it is the only way the anti-smuggling laws could be enforced.

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