FG set to reduce income tax for SMEs
The federal government is on the verge of crashing all forms of taxes paid by Micro, Small, and Medium Enterprises (MSMEs) in the country to drive their expansion and consolidation in an economy hobbled by recession and credit squeeze. Minister…
Pumps as Ebonyi commissions first flyover in Abakaliki
Ebonyi State Governor yesterday made history being the first to test runs First Ebonyi Trans-Sahara Highway, called Akanu Ibiam flyover. Speaking at the event, Governor Umahi noted that the state would by next year embark on the construction of another…
Forex scarcity compels Toyota to drop imports by 60% in 2016
The Managing Director of Toyota Nigeria Limited (TNL), Mr. Kunle Ade-Ojo, has described 2016 as tough year for the company, saying the impacts of forex scarcity has forced down sales and import level for the greater part of this year….
Importers, regulators, operators trade blames on challenges of cargo examination
It was fireworks Thursday as regulatory agencies, terminal operators and importers have continued to trade blames on who is really creating clearing confusion at the ports. Whereas government agencies and terminal operators jointly see importers and clearing agents as the…
Amaechi charges new NIMASA board on join in driving agency’s mandate
The Minister of Transportation, Mr. Rotimi Chibuike Amaechi has urged the members of the Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) to assist the Management of the Agency discharge its mandate optimally. In his keynote address…
Shell invokes jurisdiction Act to seek transfer of twin suits to Nigeria
Anglo-Dutch multinational oil and gas company, Shell, has begun the challenge of the two class action suits brought against the company earlier this week in a London Court by two communities in Nigeria’s Niger Delta. The aggrieved communities are praying…
FG, W/bank raise $40m for Apapa automated truck terminals, port access roads
The federal government has speed up measures to facilitate unhindered movements of goods from the nation’s seaports to various destinations nationwide. Key move on this is coming on the heels of the new $40 million partnership deal with International Finance…
GE kick starts Lagos garage to drive manufacturing projects
Power conglomerate, General Electric (GE) has unveiled the permanent installation of the Lagos Garage, a hub for advanced manufacturing-based innovation, strategy development, idea generation and collaboration. The scheme is being co-located with the GE Lagos offices in Victoria Island. The…
Diamond Bank opens new savings window for kids, youths
As a way of laying a foundation for early banking and savings culture for Nigerian youths and kids, Diamond Bank Plc has opened a window of money management opportunity that enables parents and guardians to plan and save for the…
