Business & Economy - Page 109

Uganda is set to record tremendous economic growth as commercial crude oil production begins in the East African country next year, the International Monetary Fund (IMF) has said. Reuters reports that Uganda’s economy would race to 10.8% growth in the 2025/2026 fiscal

By MIKE ABBAH Nigerian banks suffered a loss of  N42.6 billion through fraud in three months between April and June this year. This was revealed by the Financial Institutions Training Centre (FITC) in its Q2 2024 Fraud and Forgeries report released over the

By ADEMOLA TIJANI The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced that the Dangote Refinery is set to begin distributing Premium Motor Spirit (PMS) on Sunday (today, September 15. Speaking at a news conference in

There are indications that Independent Marketers will start lifting PMS from Dangote Refinery this Sunday, in what is a significant petrol supply development in Nigeria, as this is expected to ease the current crushing scarcity of the product in the local market.  

By Ademola tijani The House of Representatives has directed Guaranty Trust Bank (GTB) to calculate and remit Value Added Tax (VAT) on the commissions it received from Remita transactions between 2015 and 2022 to the Federal Government’s recovery account. The directive was

By Ademola Tijani The Vice President of Dangote Industries Limited, Devakumar V.G. Edwin, has voiced his frustration over the refusal of local marketers to purchase products from the Dangote Refinery. He revealed these concerns during an online X (formerly Twitter) space hosted