Business & Economy - Page 109

Abbas: Nigeria’s tax to GDP ratio below global average  The Trade Union Congress (TUC) and Supreme Council for Shariah in Nigeria have kicked against the proposal by the Federal Government to increase the Value Added Tax(VAT) from the current 7.5

The equity market extended its downward trend on Tuesday – yesterday, February 25 – as the market capitalisation of listed equities shed N215 billion or 0.32 percent. Specifically, the market capitalisation, which opened at N67.383 trillion, closed at N67.168 trillion. The All-Share Index

The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has urged members not to shut down operations as a result of the association’s squabble with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over bridging claim issues. In a statement after an

Sen. Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), has stated that Africa does not need loans but rather strategic partnerships and investments to address energy poverty and drive economic growth on the continent. Lokpobiri spoke on Tuesday – yesterday,

The Securities and Exchange Commission (SEC) says it has reduced the time it takes for companies to obtain approval for offers to two weeks. In a statement on Monday – yesterday, February 24 – in Abuja, the Commission said approvals would be

The Nigerian Content Development and Monitoring Board (NCDMB) has called for an Africa-wide local content framework to harmonise policies and foster cross-border partnership for mutual prosperity in the continent. Felix Ogbe, NCDMB’s Executive Secretary, who made this submission at the 2025 Nigeria

* N1.041 billion for software maintenance * N1.3billion for hardware maintenance * N2.3billion for local travels * N1.125billion for foreign travels The Senate Committee on Capital Market has queried the Securities and Exchange Commission (SEC) over the allocation of the expenditure profile

Zambia seeks Dangote’s investment in its energy sector President of Dangote Industries Limited (DIL), Aliko Dangote has assured that  the Dangote Petroleum Refinery has enough Premium Motor Spirit (PMS otherwise known as petrol) in storage to sufficiently meet the local needs