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Dangote: We’ve lost dollars to sell cement in Nigeria

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.

Dangote: Cement price from our factories is between N2,450, N2,510 per bag

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.
Nigeria Naira

Analysts: Printing currency could hurt economy

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 and his wife Maria de Lourdes Alcivar react after Lasso wins the presidential runoff vote, in Guayaquil, Ecuador April 11, 2021. REUTERS/Maria Fernanda Landin

Ecuador shuns socialism with Lasso’s surprise election

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.
Gov. Kayode Fayemi of Ekiti State has called on Christian leaders not to relent in praying for Nigeria to overcome its challenges. Fayemi made the call when he received the Southwest Zonal Executives of the Christian Association of Nigeria (CAN) on a courtesy visit on Wednesday in Ado Ekiti.

Ekiti airport project: Ebira community begs governor for compensation

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.

Polytechnic staff warn of ‘industrial disharmony’ over arrears, minimum wage

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).
Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

Edo governor: Nigeria in huge financial trouble

The governor of Edo, Godwin Obaseki, says Nigeria is in huge financial trouble.
Malaysia former prime minister Najib Razak arrives at the court of appeal in Putrajaya on April 5, 2021. (Photo by Mohd RASFAN - AFP)

Former Malaysia premier faces bankruptcy over $400 million tax bill

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.
Nigerian National Petroleum Corporation (NNPC)

NNPC, Tecnimont sign contract for Port Harcourt refinery rehabilitation

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.
FILE PHOTO - The U.S. Capitol Building is reflected on a marble seating area following a rainstorm at the East Front on Capitol Hill in Washington, U.S., December 4, 2020. REUTERS-Tom Brenner-File Photo

US Senate Democrats seek change in Donald Trump tax reforms to create jobs

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.

Akwa Ibom court strikes out suit against Addax Petroleum

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.
Air plane

Easter: Domestic airline operators laud increase in passengers’ traffic

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.
Nigeria’s oil and gas industry has lost huge investments due to the non-passage of the Petroleum Industry Bill (PIB), Governor Ifeanyi Okowa of Delta State has said.

Delta governor advocates progressive taxation to capture rich evaders

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.
Comptroller General of the Nigeria Immigration Service, Muhammad Babandede, has tested positive for the deadly Coronavirus days after he returned from the United Kingdom.

Chinese, Egyptians arrested for fake marriages in Nigeria

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.
FILE PHOTO: Marijuana leaves are pictured while people protest against the cannabis legalization bill approved by Mexico's Senate as a way to a market that would benefit big companies, outside Congress building in Mexico City, Mexico, November 26, 2020. REUTERS/Edgard Garrido

New York state legislators vote to legalise marijuana

New York legislators have voted to legalise adult-use cannabis, thereby enabling the second-largest recreational marijuana market.
The bill for the Chartered Institute of Forensic and Certified Fraud Examiners of Nigeria has scaled the First Reading in the House of Representatives .

House committee invites FIRS boss over tax clearance certificate

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.
Fulani herdsmen

Katsina wants to reintroduce cattle tax

The Katsina State Government is planning to reintroduce development levy and cattle tax in order to raise its revenue.
Aminu Bello Masari

Katsina to re-introduce development levy, cattle tax

The Katsina State Government is planning to reintroduce the development levy and cattle tax to raise revenue.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

President Buhari, Timi Sylva, Sanusi Barkindo tip gas as economic growth driver

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 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.

President Buhari: Nigeria to leverage 600 trillion cubic feet of gas to diversify economy

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.

President Buhari: NLNG generates $114 billion over years

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.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Atiku Abubakar carpets President Buhari over ‘inability’ to address Nigeria’s challenges

Former Vice President Atiku Abubakar says the present government led by President Muhammadu Buhari lacked the capacity to address current challenges and needed help.

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The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Nigeria’s senate president, others bag NIS fellowship award

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.
The Chairman of the Board of Trustees of the Tertiary Education Trust Fund, TETfund, Alhaji Kashim Ibrahim-Imam, on Wednesday said he and the Executive Secretary of the Fund, Prof. Suleiman Bogoro, took the suspension of the Vice Chancellor, University of Lagos, UNILAG, Prof. Oluwatoyin Ogundipe, personal when he was suspended by the Governing Council of the institution last August.

Official: TETFund spends N120 billion on academic staff training since 2008

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.
As children across Nigeria join their world counterparts to celebrate Children’s Day, Governor Muhammadu Inuwa Yahaya of Gombe State has called on parents, community leaders, teachers and all involved in children’s upbringing to take mentoring seriously and provide them with a good leadership example.

Payroll fraud: Gombe approves N1.49 billion for biometric system installation

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.
All Progressives Congress (APC) Nigeria

2023: APC disowns viral zoning arrangement

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.
Euro 2020 is almost certain to be postponed in the wake of the coronavirus pandemic sweeping across the globe.

UEFA confirms Rome as Euro 2020 host city

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.

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“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.

Kaduna: Bandits kill two persons, burn houses, vehicles

Commissioner for Internal Security and Home Affairs, Mr Samuel Aruwan, confirmed the killing in a statement issued in Kaduna.
Jorginho is planning to spend “at least another four years” at Chelsea, claims his representative Joao Santos.

Chelsea star Jorginho makes Napoli return admission

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 promises to continue defending marginalized people

Oxfam International has promised to continue to defend those who are marginalised, and whose rights have been trampled upon.
The governor of Ondo State, Rotimi Akeredolu, has reacted to his victory at the primary election of the All Progressives Congress (APC).

Ondo governor threatens to embarrass former deputy over government vehicles

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.
National Bureau of Statistics NBS

NBS: Unemployment rate grows by 2% in February

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.