A meeting between a presidential delegation and officials of the Dangote refinery, NNPC and other parties has agreed to extend the policy of selling Nigerian crude to local refineries in naira. This was disclosed by the Ministry of Finance in a post on its X handle. The Tuesday meeting also resolved that the policy, which…
By Doris Pundy, dpa The European Union has offered the United States an agreement on the reciprocal lifting of all tariffs on industrial goods, European Commission President Ursula von der Leyen announced on Monday, days before 20% tariffs on EU exports enter into force.”Europe is always ready for a good deal, so we keep it on…
The Alliance of Sahel States (AES), a recently established pact comprising three junta-led states – Mali, Niger Republic, and Burkina Faso – has imposed a 0.5 per cent import duty on goods from the Economic Community of West African States (ECOWAS) member nations. In a joint statement last week, the AES said it aims to…
CALABAR – The Road Transport Employers Association of Nigeria (RTEAN) has disclosed that it was not against legitimate taxes but against illegal interference and intimidation of its members. This was disclosed by Mr Sunday Ekong, Chairman of RTEAN, Calabar Metropolis Chapel, on Monday, immediately he and other executive members were elected into office at the…
The national president of the Petroleum Retailers Outlets Owners Association of Nigeria, Billy Gillis-Harry, has explained why fuel prices may hit above N1,000 per litre According to him, Nigerians will have to buy petrol at N1,000 per litre in the coming days based on the outcome of the Naira-for-crude deal discussion between Dangote Refinery and…
Some telecommunication(telecoms) subscribers in the South-South region have called on the Federal Government to provide alternative networks and revive its own telecoms for efficient communications in the country. The subscribers made the remark while responding to the survey conducted by the News Agency of Nigeria (NAN) in Cross River, Rivers and Akwa Ibom on mitigating…
Abuja, Nigeria – Transnational Corporation Plc, widely known as Transcorp, has delivered a stellar financial performance for the year ended December 31, 2024, recording a total revenue of N408bn—a 107% jump from N197bn in 2023. The impressive figures underscore the group’s strategic positioning and market leadership amid a challenging macroeconomic environment. A significant driver of…
Foreign companies that left Russia after the start of its full-scale invasion of Ukraine are now cautiously discussing a possible return. However, some never left. More than 11,000 Western-owned companies continue to operate in Russia, contributing an estimated $5 billion in annual tax payments to the Kremlin, The Insider has tallied. The countries with the most companies still active…
Etung, Cross River – Governor Prince Bassey Otu, has commissioned a 440KWP capacity solar grid to provide uninterrupted power supply to four communities in Etung Local Government Area. Speaking at the commissioning ceremony in Etomi community on Wednesday, 5th March 2025, Governor Otu, represented by the Commissioner for Power and Renewable Energy, Prince Eka Williams,…
Abuja, Nigeria – The Central Bank of Nigeria (CBN) has announced a review of Automated Teller Machine (ATM) transaction fees, set to take effect from 1st March 2025. The revision, aimed at improving efficiency and boosting ATM deployment, updates the charges outlined in the CBN Guide to Charges by Banks, Other Financial and Non-Bank Financial…
