President Bola Tinubu on Thursday in Abuja increased the federal government’s offer on the national minimum wage from N62,000 to N70,000, with an assurance that it will be reviewed after three years, instead of five years. In a meeting with…
Labour, FG Agree on ₦70,000 as New National Minimum Wage
Organised Labour and Federal Government of Nigeria have agreed on ₦70,000 as the new National Minimum Wage. This agreement was reached during the latest meeting between President Bola Tinubu and the leadership of organized Labour, held at the Presidential Villa…
Re: Tax Tribunal orders NLNG to Pay $27.5m to FIRS as 2016 revised Corporate Income Tax
The Nigeria LNG Limited (NLNG) has made clarifications on noted media reports which have suggested that a Tax Appeal Tribunal ordered NLNG to pay $27.5 million to the Federal Inland Revenue Service (FIRS) as a revised Company Income Tax (CIT)…
Leading German diplomat nominated for UN General Assembly president
Leading German diplomat Helga Schmid is set to become president of the UN General Assembly in New York from next year. Germany’s federal government nominated the 63-year-old for the role at the headquarters of the United Nations on Wednesday, the…
German passenger rail service hit by strikes, construction and storms
Germany’s state-owned rail company Deutsche Bahn (DB) is blaming strikes, construction work and storms for a poor punctuality record in the first half of this year, with just 62.7% of long-distance trains arriving without major delay. “The massive strikes, country-wide…
Angola Oil & Gas (AOG) 2024 Leadership Track to Examine Synergies, Downstream Investment Opportunities
This year’s Angola Oil & Gas conference features a Leadership Roundtable track, with sessions delving into opportunities in downstream projects, synergies through collaboration and the role of national oil companies in Africa Angola has up to 29 block opportunities…
Access Bank Joins NGX to Launch Impact Board
Access Bank Plc, Nigeria’s leading institution in sustainable finance, was one of the participants in the launch of the Nigerian Exchange Limited (NGX) Impact Board, a dedicated platform for listing sustainability instruments to integrate sustainability into the core of Nigeria’s…
Francophone British Business Council (FBBC) Joins MSGBC Oil, Gas & Power 2024 as Strategic Partner, Promoting United Kingdom-Africa Investment
The Francophone British Business Council enables access by UK companies to Francophone markets seeking partnerships and investment, including Senegal, Guinea-Conakry and Ivory Coast The Francophone British Business Council (FBBC) has partnered with the upcoming MSGBC Oil, Gas & Power…
At MEMAN Press Briefing, Speakers Advocate Competition, not Monopoly in Downstream Sector,
At the recent Major Energy Marketers Association of Nigeria (MEMAN) quarterly press briefing, various speakers advocated for the enabling environment for competition to thrive and not monopoly as only competition would guarantee better pricing, increased consumer awareness and quality products.…
MEMAN Calls for Crackdown on Counterfeit, Fake Lubricants
Stakeholders in the oil industry have made an impassioned call for a crackdown on sales and distribution of fake, counterfeit lubricants in Nigeria. This call was made yesterday at the quarterly press briefing by the Major Energy Marketers Association of…