Peg VAT at 7.5 per cent, NACCIMA tells FG

by | Jan 7, 2025 | Business

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has urged the Federal Government to reduce corporate taxes to 19 per cent and value-added tax to 7.5 per cent. NACCIMA reckoned that the move would help grow the economy and result in higher tax revenues for the government. The President of NACCIMA, Mr.

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The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has urged the Federal Government to reduce corporate taxes to 19 per cent and value-added tax to 7.5 per cent. NACCIMA reckoned that the move would help grow the economy and result in higher tax revenues for the government. The President of NACCIMA, Mr.

Read More The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has urged the Federal Government to reduce corporate taxes to 19 per cent and value-added tax to 7.5 per cent. NACCIMA reckoned that the move would help grow the economy and result in higher tax revenues for the government. The President of NACCIMA, Mr.
Read More  Punch Newspapers – Business

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Nigeria’s unrealised export potential now $3bn – ITC

by | Jan 7, 2025 |

Nigeria’s unrealised export potential is estimated at $3bn, according to data from the International Trade Centre. The report stated, “The total unrealised export potential for Nigeria stands at $3bn.” The data accessed by The PUNCH on Sunday highlighted key export commodities in Nigeria, including urea, with actual exports valued at $987m and an untapped potential

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Nigeria’s unrealised export potential is estimated at $3bn, according to data from the International Trade Centre. The report stated, “The total unrealised export potential for Nigeria stands at $3bn.” The data accessed by The PUNCH on Sunday highlighted key export commodities in Nigeria, including urea, with actual exports valued at $987m and an untapped potential

Read More Nigeria’s unrealised export potential is estimated at $3bn, according to data from the International Trade Centre. The report stated, “The total unrealised export potential for Nigeria stands at $3bn.” The data accessed by The PUNCH on Sunday highlighted key export commodities in Nigeria, including urea, with actual exports valued at $987m and an untapped potential
Read More  Punch Newspapers – Business

Nigeria’s unrealised export potential is estimated at $3bn, according to data from the International Trade Centre. The report stated, “The total unrealised export potential for Nigeria stands at $3bn.” The data accessed by The PUNCH on Sunday highlighted key export commodities in Nigeria, including urea, with actual exports valued at $987m and an untapped potential
Read More

Retailers begin loading from P’Harcourt refinery this week – PETROAN

by | Jan 7, 2025 |

Barring any last-minute change in plans, marketers and retailers of petroleum products will start lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company this week. The Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, disclosed this in an exclusive interview with our correspondent. According to Obele, since

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Barring any last-minute change in plans, marketers and retailers of petroleum products will start lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company this week. The Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, disclosed this in an exclusive interview with our correspondent. According to Obele, since

Read More Barring any last-minute change in plans, marketers and retailers of petroleum products will start lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company this week. The Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, disclosed this in an exclusive interview with our correspondent. According to Obele, since
Read More  Punch Newspapers – Business

Barring any last-minute change in plans, marketers and retailers of petroleum products will start lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company this week. The Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, disclosed this in an exclusive interview with our correspondent. According to Obele, since
Read More

Crude-for-loan: Local crude demand rises as NNPCL battles debt servicing

by | Jan 7, 2025 |

 The Nigerian National Petroleum Company Limited may continue servicing its crude-for-loan obligations till 2029 as the demand for oil by domestic refineries increases. NNPCL’s debt burden arises from several crude-for-loan agreements that have tied volumes of the country’s oil production to various financial commitments. This is as the local demand for crude has continued to

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 The Nigerian National Petroleum Company Limited may continue servicing its crude-for-loan obligations till 2029 as the demand for oil by domestic refineries increases. NNPCL’s debt burden arises from several crude-for-loan agreements that have tied volumes of the country’s oil production to various financial commitments. This is as the local demand for crude has continued to

Read More  The Nigerian National Petroleum Company Limited may continue servicing its crude-for-loan obligations till 2029 as the demand for oil by domestic refineries increases. NNPCL’s debt burden arises from several crude-for-loan agreements that have tied volumes of the country’s oil production to various financial commitments. This is as the local demand for crude has continued to
Read More  Punch Newspapers – Business

 The Nigerian National Petroleum Company Limited may continue servicing its crude-for-loan obligations till 2029 as the demand for oil by domestic refineries increases. NNPCL’s debt burden arises from several crude-for-loan agreements that have tied volumes of the country’s oil production to various financial commitments. This is as the local demand for crude has continued to
Read More

Adoption of blockchain technology can boost Nigeria’s competitiveness – Expert 

by | Jan 7, 2025 |

Supply chain specialist, Tunde Ogunyankinnu, has highlighted the transformative potential of blockchain technology in revolutionising Nigerian supply chains. He explained that by leveraging blockchain-powered smart contracts, businesses can automate critical processes such as order processing, inventory management, and payment approvals. Smart contracts replace manual, paper-based processes with automated systems embedded in blockchain technology. Tasks like

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Supply chain specialist, Tunde Ogunyankinnu, has highlighted the transformative potential of blockchain technology in revolutionising Nigerian supply chains. He explained that by leveraging blockchain-powered smart contracts, businesses can automate critical processes such as order processing, inventory management, and payment approvals. Smart contracts replace manual, paper-based processes with automated systems embedded in blockchain technology. Tasks like

Read More Supply chain specialist, Tunde Ogunyankinnu, has highlighted the transformative potential of blockchain technology in revolutionising Nigerian supply chains. He explained that by leveraging blockchain-powered smart contracts, businesses can automate critical processes such as order processing, inventory management, and payment approvals. Smart contracts replace manual, paper-based processes with automated systems embedded in blockchain technology. Tasks like
Read More  Punch Newspapers – Business

Supply chain specialist, Tunde Ogunyankinnu, has highlighted the transformative potential of blockchain technology in revolutionising Nigerian supply chains. He explained that by leveraging blockchain-powered smart contracts, businesses can automate critical processes such as order processing, inventory management, and payment approvals. Smart contracts replace manual, paper-based processes with automated systems embedded in blockchain technology. Tasks like
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10 events that shaped aviation industry in 2024

by | Jan 7, 2025 |

In the last twelve months, the aviation industry, just like many other sectors of the country, experienced different events that shaped 2024. Leaders and stakeholders continue to strive to put situations into perspective in a flourishing aviation sector. OLASUNKANMI AKINLOTAN writes. The aviation industry in the year 2024 experienced its high and low moments, from

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In the last twelve months, the aviation industry, just like many other sectors of the country, experienced different events that shaped 2024. Leaders and stakeholders continue to strive to put situations into perspective in a flourishing aviation sector. OLASUNKANMI AKINLOTAN writes. The aviation industry in the year 2024 experienced its high and low moments, from

Read More In the last twelve months, the aviation industry, just like many other sectors of the country, experienced different events that shaped 2024. Leaders and stakeholders continue to strive to put situations into perspective in a flourishing aviation sector. OLASUNKANMI AKINLOTAN writes. The aviation industry in the year 2024 experienced its high and low moments, from
Read More  Punch Newspapers – Business

In the last twelve months, the aviation industry, just like many other sectors of the country, experienced different events that shaped 2024. Leaders and stakeholders continue to strive to put situations into perspective in a flourishing aviation sector. OLASUNKANMI AKINLOTAN writes. The aviation industry in the year 2024 experienced its high and low moments, from
Read More