The Lagos State Government on Thursday bowed to pressure by slashing all levies as regards its new Land Use Charge (LUC) that had attracted open voices of dissent in the state. The reduction came two days after the Ikeja branch of the Nigeria Bar Association in Lagos marched against the new law, with its chairman, Mr […]
Nigeria’s Guaranty Trust Bank and a subsidiary of Royal Dutch Shell have granted a $270 million loan to independent Nigerian oil and gas producer Amni International, Amni told Reuters on Thursday. The terms of loan will give Shell Western Supply and trading sole access to the 16,000 barrels per day (bpd) of oil the company […]
Data from the Nigerian Bureau Statistics says the total capital imported into the country in 2017 increased from 5.1 billion dollars to 12.2 billion dollars. “When we consider the full year data, total capital imported into Nigeria stood at US$12.2bn in 2017 compared with US$5.1bn recorded in 2016,” business site- Proshareng.com wrote. In its recent […]
By Foster Obi Nigeria Joint Health Sector Unions (JOHESU) has alerted that the health system will be paralyzed if the government does not meet the demands of health workers in 30 days. According to JOHESU’s national vice president, Ogbonna Chimela, this will be a mega strike and if it starts the states and local governments […]
Oil giants Royal Dutch Shell and Eni have voluntarily filed to the United States authorities internal probes into how they acquired a giant field in Nigeria as the companies seek to fight corruption allegations in Europe and Africa. The filings, to the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), do […]
The International Monetary Fund (IMF) has recommended a 100 per cent increase in excise duty rates imposed on all alcoholic beverages and cigarettes in Nigeria to conform to global standard. The recommendation, contained in its 2018 Mission Report on Nigeria, is higher than the rates approved by President Muhammadu Buhari. The new rates announced on […]
Nigeria’s anti-trafficking agency, NAPTIP, has welcomed an order by a leading traditional ruler revoking a voodoo ritual, saying it should sharply reduce the number of people being trafficked to Europe and improve the chances of prosecuting traffickers. That followed a ceremony on Friday in which Oba Ewuare II, the leader of the historic kingdom of […]
Nigeria’s President Muhammadu Buhari has approved an increase in excise duties on tobacco and alcoholic beverages, the finance ministry said in a statement on Sunday. The West African country, which has Africa’s biggest economy, fell into recession in 2016 largely due to low oil prices. It emerged from recession last year, mainly as a result […]
British Airways will be introducing a new uniform in 2019 to celebrate its 100th anniversary, it has been revealed. However, the design details are not yet known. Celebrating its 100th birthday in August 2019, British Airways are set to redesign their iconic uniform for its entire customer-facing staff, it has been revealed. The British flag […]
Last weekend, Marvel Studio’s blockbuster “Black Panther” made another $65 million. The film has now raked in over $500 million after just 17 days in theaters, making it the 10th highest-domestic-grossing movie in history. The film is sure to eclipse the ninth spot on the list, 2017′s “Beauty and the Beast,” which made $504 million […]