Business

Nine Professors, 22 Others Inducted For Shell Sabbatical, Research Positions

Thirty-one Nigerian academics and research interns including nine professors and four senior lecturers were last week inducted for a one-year sabbatical programme and research internship in Shell companies in Nigeria at a ceremony held at the Port Harcourt Headquarters of Shell Petroleum Development Company of Nigeria (SPDC). Drawn from 10 Nigerian and one British universities, the 31 participants are the ...

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FG Plans New Price For Petrol

The Federal Government says plans are underway to provide alternative petrol -Compressed Natural Gas (CNG) – for the common man that will cost between N95 to N97 per litre. It also promised to pass the Petroleum Industry Bill(PIB) before May 29, 2020. The Minister of State for Petroleum Resources, Chief Timipre Sylva, stated these to reporters in Abuja on Thursday. ...

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New VAT Rate Of 7.5% Takes Effect Feb 1

The Minister of Finance, Budget and National Planning, Mrs Zainab Usman, disclosed in Abuja that the implementation of Value Added Tax (VAT) new rate of 7.5 per cent will commence on February 1, 2020, after all the necessary administrative procedures have been completed, especially the gazette of the Act by the Federal Ministry of Justice. VAT was increased from 5 ...

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FG Begins Immediate Implementation Of Finance Act, Including 7.5% VAT

The Federal Government has commenced the immediate implementation of some aspects of the Finance Act with the implementation of 7.5 percent Value Added Tax on government transactions. The Accountant-General of the Federation, Alh Ahmed Idris, confirmed the development during a chat with journalists on Wednesday in Abuja. The move followed the signing of the Finance Bill into law, on Monday, ...

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How To Finance Solar Panels For Your Home

You may be wondering why more people are going solar these days, but it’s not hard to see why once you consider the financial — and environmental — benefits. Not only can adding solar panels to your home mean never having to pay an electric bill again, but the investment can pay off in terms of increased property value. And ...

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Akwa Ibom Acquires Two New Aircraft For Ibom Air

The Akwa Ibom State Government has acquired two new aircraft for Ibom Airlines to make a total of five aircraft owned by the state. Chairman of Ibom Air, Air Commodore Idongesit Nkanga (retd), said during a press conference with newsmen in Uyo that the new aircraft would be unveiled this January. He said Ibom Air had made about 3,000 flights ...

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Electricity Tariffs To Increase In April, Says NERC

The Nigerian Electricity Regulatory Commission has said the electricity tariffs being paid by consumers will increase in April this year. NERC disclosed this in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020. It said the order was issued to reflect the impact of changes in the minor review variables in ...

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Aliko Dangote’s Fortune Increased By $4.3bn In 2019

…worth $14.8bn, only African on top 100 world richest African richest man Aliko Dangote has significantly moved up in the World billionaires’ list as he emerged 96th richest person in the world, with an estimated worth of $14.8 billion, as against his previous ranking of 103rd in the world. Dangote, who remains the richest man in Africa for the 8th year ...

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