The Nigeria Employers’ Consultative Association (NECA) has said the Expatriate Employment Levy (EEL) policy, if implemented, would serve as a disincentive to Foreign Direct Investment (FDI). NECA’s Director-General, Mr Wale Oyerinde, who made this known in a statement on Sunday,…
APPROVAL OF 90-DAY WINDOW FOR PAYMENT OF IMPORT DUTY ON IMPROPERLY IMPORTED VEHICLES
In a proactive move to enhance compliance and streamline import processes, the Nigeria Customs Service (NCS), under the directive of the Honourable Minister of Finance and Coordinating Minister of the Economy, is pleased to announce a 90-day window for regularizing…
Nigerian Minister of State of Petroleum Resources (Gas) to Enforce Investment Opportunities at AEW
Nigeria’s Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo will speak at the African Energy Week (AEW): Invest in African Energy conference this November, outlining opportunities for foreign investment in the country’s gas value chain. With plans to increase…
Germany faces massive housing shortage in coming years, experts warn
The number of new homes built annually in Germany could fall by 35% by 2026 compared to last year, as experts warn of a massive housing shortage in the coming years. Germany is in a poor position compared to other…
Burkina Faso government, African Development Bank launch project to bolster food security
Under its African Emergency Food Production Facility, the African Development Bank Group, has provided €38.4 million—nearly the entire project cost— for PURPA-BF The government of Burkina Faso has officially launched an African Development Bank supported project to bolster food…
NERC: Discos fined N10.5bn for non-compliance on estimated billing
11 electricity distribution companies (DisCos) for have been sanctioned for non-compliance with capping of estimated bills for unmetered customers. According to the Nigerian Eelectricity Regulatory Commission (NERC), the sanctions were overdue as a review of the DisCos’ billing of…
Access Bank Boss, Wigwe, others presumed dead in US chopper crash
It’s a sad day as Mr Herbert Wigwe, the CEO of Access Bank Plc, has been reported killed in a helicopter crash in the United States of America. However, up till the time of writing this report, no survivors have…
Senate Committee, NCDMB Hold Inaugural Meeting, To Collaborate on Local Content Implementation
The Senate Committee on Local Content on Wednesday held the first interactive session with the leadership of the Nigerian Content Development and Monitoring Board (NCDMB) at the Senate Building at Abuja and resolved to collaborate and deepen the implementation of…
Tinubu, OPEC SG among speakers to discuss new energy world order at NIES 2024
The Nigeria International Energy Summit (NIES) 2024, scheduled to take place at the International Conference Centre (ICC) in Abuja, Nigeria, from February 26 to March 1, 2024, will host President Bola Tinubu including H.E Haitham Al Ghais, OPEC Secretary General,…
Sahara Group Plants 2,000 Trees Per Annum To Remove 450 tonnes of CO2 From Atmosphere
As part of a consistent effort to drive sustainability, leading energy conglomerate and infrastructure Sahara Group in partnership with Treedom is planting a minimum of 2,000 trees annually across Africa. These initial set of trees will absorb more than 450…
