A law to prohibit the importation of rice into the country is underway in the House of Representatives. A Bill exclusively obtained by VANGUARD is entitled:” An Act to Provide for the Prohibition of Importation into Nigeria of Rice and the Penalty for the Contravention of the Said Prohibition and other Related Matters”. The Bill […]
An Italian court has acquitted Shell and Eni of corruption charges involving $1.1 billion payment in the OPL 245 deal in Nigeria. Marco Tremolada, the judge, delivered the decision on Wednesday. The OPL 245, also known as the Malabu deal of 2011, involves the $1.3 billion purchase of an oil block by Royal Dutch Shell […]
The Economic and Financial Crimes Commission (EFCC) has ordered bank employees to declare their assets in accordance with the bank employees declaration of assets act. The act requires every bank employee to make a full disclosure of all assets within 14 days of assuming duty with a bank. The anti-graft agency has also set a […]
The Central Bank of Nigeria has introduced new charges for customers using the Unstructured Supplementary Service Data services. The apex bank said effective Tuesday, customers will pay a flat fee of N 6. 98 per transaction every time they use USSD services. It said the new charges was part of the agreement reached when banks […]
Rivers State Governor, Nyesom Wike, has alleged that politics has been used to deny the state access to agricultural loans offered by the Central Bank of Nigeria. He made the allegation when he hosted the Minister of State for Agriculture, and Rural Development, Mustapha Baba Shehuri, in Port Harcourt, on Monday. The governor decried the […]
The Christian Association of Nigeria has dragged the Federal Government to court to challenge some provisions in the just gazetted controversial Companies and Allied Matters Act 2020 popularly called CAMA. In a statement on Monday by its General Secretary , Joseph Daramola, the Christian body said it is not comfortable with some provisions of CAMA […]
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has made her first visit to Nigeria since she assumed office. She was received upon her arrival in the country on Saturday by the Permanent Secretary of the Ministry of Industry, Trade and Investment, Nasir Sani-Gwarzo. Okonjo-Iweala told reporters in Abuja, the nation’s capital […]
Petroleum Products Pricing Regulatory Agency (PPPRA) says the guiding price of premium motor spirit (PMS), for March 2021 is 211.11 per litre. A pricing template for the period, February 1 and 28 2021, published on the agency’s website based on the average costs of imported petroleum products also puts the lower band of the new […]
The Federal Government on Thursday declared that the Nigerian Postal Service is the agency authorised to produce and collect stamp duties in Nigeria . By the latest declaration , NIPOST has reclaimed the right to collect stamp duties from the Federal Inland Revenue Service, bringing to an end the scuffle between both agencies on who […]
The Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF) aimed at supporting households and micro, small and medium enterprises (MSMEs) affected by the COVID-19 pandemic. The stimulus package, set up by the apex bank in March 2020, is disbursed through the Nigeria Incentive-Based Risk Sharing System for […]
