Business News

SEC: Equities, commodities trades to settle in one day from June 1

By Abubakar Yunusa The Securities and Exchange Commission has announced plans to migrate the Nigerian capital market to a T+1 settlement cycle for equities and...

NRS flags VAT, withholding tax remittance leakages in state government agencies

By Abubakar Yunusa The Nigeria Revenue Service (NRS) says it has identified significant leakages in the deduction and remittance of value-added tax (VAT) and withholding...

NMDPRA to sanction firms operating without licences

By Abubakar Yunusa The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to sanction individuals and firms operating within the midstream and downstream...

Oyetola: FG has approved additional deep seaports to boost Nigeria’s maritime capacity

Adegboyega Oyetola, minister of marine and blue economy, says the federal government has approved the development of additional deep seaports across the country as...

Dangote refinery reduces aviation fuel price to N1,650 per litre

By Abubakar Yunusa Dangote Petroleum Refinery & Petrochemicals has announced a reduction in the price of aviation fuel, also known as jet A1, to N1,650...

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