By Babajide Komolafe, Economy Editor The Central Bank of Nigeria, CBN, has revoked the operating licence of Heritage Bank. The Acting Director, Corporate Communications, CBN, Hakama Sidi Ali, disclosed this in a statement. She said: “The Central Bank of Nigeria, CBN, in accordance with its mandate to promote aContinue Reading
May 1, 2024 Nigeria is set to streamline its tax system by reducing the number of levies by over 87%, making it easier for residents to pay taxes. It is also aimed at helping to increase revenue, Bloomberg reports. The Presidential Fiscal Policy and Tax Reforms Committee, led by Taiwo Oyedele, isContinue Reading
The quest of Ogun State to be an oil producing State would soon be realised as the Nigerian National Petroleum Corporation Limited (NNPCL), is set to begin oil and gas exploration in the state. Stakeholders in the oil industry, including the Minister of State for Petroleum Resources (Oil), HeinekenContinue Reading
By Aisha Cole Lagos : Hammi Swomen, the outgoing Assistant Comptroller-General of Customs (ACG), Zone ‘A’, has called for the training and re-training of customs personnel in weapons handling. Swomen, who made the call on Wednesday in Lagos during a ceremony to mark his retirement from service. He said thatContinue Reading
By Flowerbudnews An Enugu-based Company, Second Coming Nigeria Ltd, has offered 30 per cent reduction in cooking gas to 4,000 residents of Enugu State to celebrate Gov. Peter Mbah one-year in office. The company cut the prices of cooking gas from N960 to N672, which amounts to over N20Continue Reading
By Biola Lawal (Based in Abuja, Lawal is a veteran journalist/Publisher, and, a former Acting Managing Director of the News Agency of Nigeria (NAN) Flowerbudnews: The Season of Sweetness, a major promise of Governor Bassey Edet Otu during the last general election is comingContinue Reading
By Danladi Ahmed Abuja (Flowerbudnews): The initial Stakeholder Advisory Panel (iSAP) for the Nigerian Electricity Supply Industry (NESI) has submitted a report of its activities as it ended its assignment. A National Electricity Regulatory Commission (NERC) statement obtained by Flowerbudnews recalled that ISAP was set up in 2021. It wasContinue Reading
A Chieftain of All Progressives Congress in Osun State, Hon. Olatunbosun Oyintiloye, has appealed to President Bola Tinubu to give maximum support to the development of blue economy and make it an alternative to crude oil in terms of revenue generation.Continue Reading
… By Iyiola Olalere Flowerbudnews: The Tinubu Media Support Group (TMSG) has said that contrary to viral disinformation in the public space, there are no signs that the President Bola Tinubu administration has been increasing or intends to increase taxes indiscriminately. In fact, President Tinubu has been working relentlesslyContinue Reading
