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The Dangote Cement Plc. has denied selling its products at higher rates in Nigeria than elsewhere, saying it has instead lost dollar earnings to meet local demand.
Management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories and plants across Nigeria (as at 12th April, 2021) is N2,450 in Obajana and Gboko, and N2,510 in Ibese inclusive of VAT. The clarification was made in view of recent insinuations that the company sells cement in Nigeria at significantly higher prices relative to other countries, particularly Ghana and Zambia.
Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy.
Ecuadorean banker Guillermo Lasso unexpectedly won the nation’s presidency on promises to revive an economy battered by coronavirus as his rival’s vows of a return to socialist largesse failed to win over a skeptical electorate.
The Ebira people living in Bolorunduro, a farming community in Ado-Ekiti, capital of Ekiti have cried foul over the way their farms and houses are being demolished to give way for the airport project being constructed in the area.
The Senior Staff Association of Nigerian Polytechnics (SSANIP) has warned of “industrial disharmony” should the federal and state governments refuse to implement the new minimum wage, pay promotion arrears and adjust the current tax charged its members by the Integrated Personnel and Payroll Information System (IPPIS).
Najib Razak, the former prime minister of Malaysia, has been served with a bankruptcy notice for failing to pay more than $400m in unpaid taxes.
The Nigerian National Petroleum Corporation, NNPC, on Tuesday signed the $1.5 billion contract with Italian firm, Tecnimont SpA for the complete rehabilitation of the Port Harcourt Refinery.
Top Democrats on the Senate Finance Committee on Monday proposed major shifts in former President Donald Trump's 2017 tax reforms to eliminate what they say are incentives for companies to move operations overseas and shift profits to tax haven countries.
The High Court of Akwa Ibom State on 15th March, 2021, struck out the N166 billion suit of Akwa Ibom State Internal Revenue Service against Addax Petroleum Development (Nig) Ltd.
Some domestic airlines operators have expressed satisfaction on the level of patronage by passengers travelling to various parts of the country during the Easter celebration.
The Governor of Delta State, Mr. Ifeanyi Okowa, has advocated that progressive taxation should be used to bring large percentage of tax evaders into the tax net.
Mr Muhammad Babandede, the Comptroller-General of the Nigeria Immigration Service (NIS) has revealed that a Chinese citizen and several Egyptians have been arrested for using fake marriages to secure resident permits for foreigners in Nigeria.
New York legislators have voted to legalise adult-use cannabis, thereby enabling the second-largest recreational marijuana market.
The House of Representatives Committee on Public Account has invited Director-General, Federal Inland Revenue Service, Muhammad Mami over tax clearance certificate issued to Procter and Gamble (P&G), a U.S. company operating in Nigeria.
The Katsina State Government is planning to reintroduce the development levy and cattle tax to raise revenue.
President Muhammadu Buhari; Minister of State, Petroleum Resources, Chief Timipre Sylva; and the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday underscored the need to drive the country’s economic development by tapping Nigeria’s enormous gas resources.
President Muhammadu Buhari has assured that his administration will leverage on Nigeria’s robust gas resources, currently standing at 600 trillion cubic feet, to urgently industrialize the country and ultimately diversify it away from petroleum, which is gradually being discarded for cleaner energy sources that gas provides.
President Muhammadu Buhari says Nigeria Liquified Natural Gas (NLNG) has generated $114 billion in revenues over the years, $9 billion in taxes, $18 billion in dividends to the Federal Government and $15 billion in feed gas purchase.
Former Vice President Atiku Abubakar says the present government led by President Muhammadu Buhari lacked the capacity to address current challenges and needed help.
Senate President, Ahmed Lawan, and the governor of Lagos State, Babajide Sanwo-Olu, were on Wednesday in Abuja presented with the Honourary Fellowship Award of the Nigerian Institution of Surveyors (NIS) alongside a former Minister of Defence, Brig-General Mansur Dan-Ali (rtd) and the Emir of Nasarawa, HRH Alh. Ibrahim Usman Jibril, at the institution’s 2021 investiture ceremony.
Academic Staff from public institutions across the country have so far accessed over N120 billion for training, within and outside Nigeria, from the Tertiary Education Trust Fund (TETFund) since its inception in 2008.
The Gombe State Government has approved the sum of N1.499 billion for the supply and installation of biometric attendance system to check payroll fraud in the state’s civil service.
The national caretaker/extraordinary convention planning committee (CECPC) of the ruling All Progressives Congress (APC) has disowned a zoning arrangement list in circulation on the social media.
Rome’s Stadio Olimpico has been “fully confirmed” as a venue for Euro 2020 matches after the Italian government guaranteed the presence of at least 25 per cent of fans, UEFA announced on Wednesday.
Commissioner for Internal Security and Home Affairs, Mr Samuel Aruwan, confirmed the killing in a statement issued in Kaduna.
Jorginho has revealed that he intends to return to Napoli “one day”, but the Italy international insists Chelsea will continue to get his full commitment for the foreseeable future.
Oxfam International has promised to continue to defend those who are marginalised, and whose rights have been trampled upon.
Governor Rotimi Akeredolu of Ondo state has threatened to embarrass his former Deputy, Hon Agboola Ajayi, if failed to return the four officials’ vehicles in his possession two months after leaving office.
The National Bureau of Statistics (NBS) on Tuesday said the share of Nigerians working in February 2021 dipped by 2 percent from 72 percent in September 2020.