Following the new law decentralising electricity, the Federal Government has expressed willingness to partner with states on power generation. The Nigerian Electricity Regulatory Commission (NERC) said it would provide the regulatory framework for states to operate in the power sector. The
BUSINESS
The Federal Government through the Debt Management Office (DMO) has redeemed a $500 million Eurobond on its due date on July 12, 2023. The Eurobond was issued in July 2013 (as part of a dual-tranche USD1 billion Eurobond) for a tenor of ten (10) years at a coupon of 6.375% per annum. “Nigeria had previously […]
The federal government has expressed its readiness to modify the present policy on export of processed wood and charcoal. It said should the desired results not be achieved concerning export of processed wood and charcoal, then there would be no hesitation in reversing the embargo on the two. Speaking at the consultative workshop on the […]
The Ogun State International Agro Cargo Airport, Ilasan Remo, would attract more investment and industrialization when completed before the end of the year, Special Adviser to the Governor on Works & Infrastructure Ade Akinsanya has assured. The Adviser stated this while leading a delegations of National Institute for Policy and Strategic Studies (NIPSS), Group 1, […]
Companies that were unable to file their Companies Income Tax returns for the 2023 year of assessment (YOA) that fell due on the 30th of June 2023 have been given up to 31st August, 2023 to submit their returns to the Federal Inland Revenue Service (FIRS). The FIRS in a Public Notice signed by its […]
The Federal Government has suspended the new levy imposed on certain imported vehicles. The Import Adjustment Tax (IAT), which was approved by former President Muhammadu Buhari took effect on June 1, 2023.Special Adviser to the President on Special Duties, Communication and Strategy, Dele Alake, announced the suspension of the levy on Thursday while speaking with […]
Advertisement
Ads
