The Federal Government has announced that power generation, distribution and transmission companies, gas suppliers, consumers, among others, will conduct electricity transactions through an automated energy trading platform in 2023. The government said the platform would facilitate an automated and transparent marketplace and would serve as a system for the consummation[Read More…]
Author: Godwin Anyebe
Nigeria’s Free Trade Zones Generates $46.4bn Investment
The Federal Government says the Nigeria free trade zones attracted over $46.6 billion investment into the nation’s economy. Managing Director of the Nigeria Export Processing Zones Authority, Adesoji Adesugba, and his counterpart from the Oil and Gas Free Zones Authority, Tijjani Kaura, made this disclosure at the 30th anniversary of[Read More…]
Sanwo-Olu’s Kicks Off 2nd term campaign
Lagos State Governor, Babajide Sanwo-Olu has formally commenced his re-election campaign with the theme: “Greater Lagos Rising”. Governor Sanwo-Olu and his deputy, Dr Kadri Obafemi Hamzat, are the gubernatorial candidate and running mate on the ticket of the All Progressives Congress (APC) for the March 11th 2023 governorship election. Speaking[Read More…]
Ijebu Heritage Group Honours 9 Eminent Nigerians
The Ijebu Heritage group held its annual award dinner at the The Metropolitan Club Lagos to showcase its contributions to the society and recognize 9 of its distinguished members for their outstanding personal achievements. The Chairman of Ijebu Heritage Group Otunba Olalekan Belo was ably supported by eminent dignitaries and[Read More…]
Cola’s SBI Delivers Ultramodern Medical Equipment to UITH
The Coca-Cola System in Nigeria in continuation of its efforts at strategically ameliorating maternal and neonatal mortality has donated ultramodern medical equipment to the University of Ilorin Teaching Hospital (UITH), under its Safe Birth Initiative (SBI). During the presentation of the equipment, valued at well over $500,000.00 on Thursday November[Read More…]
Greenville LNG, Top Gas Company Notorious for Breaching Contracts Risks Another Multimedia Dollar Lawsuit
Dissatisfied with the judgement, On January 27, 2021, IEC filed a petition to vacate the Award in New York state court but the court rejected IEC’s arguments. “In short, due to the strong deference owed to the decisions of arbitrators, the Court is compelled to reject IEC’s arguments and confirm[Read More…]
Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months
Amid an economic downturn and rising inflation, the tax burden on Nigerians in the first nine months of 2022 increased by N285.13bn. This is as Nigerians paid N2.01tn in indirect taxes in the period under review, a 16.57 per cent increase from the N1.72tn paid in the corresponding period of[Read More…]
Emefiele Says Nigeria’s Inflation May Drop To Below 15% Next Year
The Central Bank of Nigeria is targeting a drop in the country’s inflation rate to less than 15 per cent by end-2023. The governor of the apex bank, Godwin Emefiele, stated this at the 57th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos[Read More…]
Experts says no scientific proof that Linked Ajinomoto to health issues
Food experts and researchers have said that there is no scientific proof to show that consuming AJI-NO-MOTO® Umami food seasoning is associated with any health issues, urging consumers to disregard unfounded rumour about the Japanese product. The experts reiterated that AJI-NO-MOTO® is safe for consumption and that it has lots[Read More…]
Shell to Commence Production of 225 000bpd
Shell Nigeria Exploration and Production Company Limited has announced that its 225,000 barrels per day Bonga Floating Production Storage and Offloading vessel is set to begin production to boost Nigeria’s crude oil output. SNEPCo in a statement said it had completed maintenance on the FPSO, which was shut down a[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]