▪︎Image of a CNG car / GoCNG Could the government’s push for the adoption of vehicles driven by Compressed Natural Gas(CNG) be the driving force behind the frequent hikes in the pump prices of petrol in Nigeria, in recent months? The latest increase announced (Tuesday, October 29) by the Nigerian National Petroleum Company Limited (NNPCL) raised…
Dr Jumoke Oduwole, the Special Adviser to the President on the Ease of Doing Business, and Executive Secretary of the Presidential Enabling Business Environment Council (PEBEC) in the Office of the Vice President, has been appointed by President Bola Tinubu, as the new Minister of Industry, Trade, and Investment. Upon confirmation by the Senate, Oduwole…
▪︎Aliko Dangote with Sen Heineken Lopkobiri. Photo credit: Sen Heineken Lopkobiri’s X. In Summary 1. Nigeria and Africa can become completely self-sufficient in petroleum products, and saves annual imports bill of $17 billion. 2. Nigeria must develop a refining capacity of 1.5 million barrels per day and prioritise domestic crude supply obligations. 3. He urged…
▪︎VP Kashim Shettima at the Enugu Fashion and Garment Hub Vice-President Kashim Shettima , on Thursday, commissioned an Ultra-Modern MSME Fashion Hub in Enugu State. The Enugu State Fashion and Garment Hub is a facility developed by the Office of the Vice President of Nigeria in partnership with the Enugu government through the Enugu SME…
Taiwo Oyedele, the Chairman of the Presidential Task Force on Fiscal Policy and Tax Reforms Committee, shares this insight on the Withholding Tax Regulations 2024 now gazetted and published as part of President Bola Tinubu’s economic reforms. How will the new WHT Regulations affect small businesses? Small businesses will enjoy exemptions from withholding tax under the new…
▪︎Dr. Doris Anite -Uzoka, Minister of Industry, Trade and Investment From the ban on styrofoam, popularly known as “take away packs” to Single-Use Plastics (SUP), the Lagos State Government is on the march again to ban pure water and table waters starting January 2025. The state’s Commissioner for Environment and Water Resources, Tokunbo Wahab, revealed…
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has noted that while the most vulnerable people are paying multiple taxes, the middle, upper class and the politicians are evading tax. The Nation, reported that Oyedele said this on Thursday, during the Integrated National Financing Framework (INFF) Core Working Group Retreat…
Today, UNIDO says that it has helped over 400 enterprises around the world to convert their industrial production lines to climate-friendly options and supports the member states with its technical expertise and best practices from its projects. UNIDO Director- General Gerd Müller, disclosed this in a statement to mark the 2024 World Ozone Day. The theme for this year’s…
▪︎Images: Wikicommons In the realm of workplace safety, steel toecaps are a fundamental element of protective footwear that have been a cornerstone of occupational health for over nearly 100 years. Originally invented in Germany in the early 20th century to protect workers’ feet, steel toecaps slowly reached wider adoption until a rapid increase across the…
Segun Ajayi-Kadir, the Director – General of Manufacturers Association of Nigeria (MAN) says the increase in the domestic petrol pump price is inevitable, given the writing on the wall. ” Right from the time fuel subsidy was either reduced or removed, it became inevitable that the price may rise. You will also note the sharp…
