BUSINESS
Buhari Appoints Steering Committee For Petroleum Act
President Muhammadu Buhari has commenced implementation of the newly signed Petroleum Industry Act (PIA) by approving a steering committee to oversee the process. The steering committee is headed by the Honourable Minister of State, Petroleum Resources, Timipre Sylva. Other members are: Permanent Secretary, Ministry of Petroleum Resources, Group Managing Director, NNPC, Executive Chairman, FIRS, Representative of the Ministry of Justice, Representative...
CBN To Arrest Anyone Who Sprays, Steps On Naira Notes
The Central Bank of Nigeria, CBN has threatened to arrest and prosecute anyone who abuses the Nigerian Naira in Public. The CBN issued a stern warning on Monday against spraying or stepping on the nation’s currency at public events. The statement, signed by the Ag. Director, Corporate Communications, CBN, Osita Nwanisobi, read: “The attention of the Central Bank of Nigeria (CBN)...
NNPC Will Cease To Exist In Six Months – GMD Mele Kyari
The General Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari has revealed that the Corporation will cease to exist within 6 months. His comments are coming a day after President Muhammadu Buhari signed into law the controversial Petroleum Industry Bill. Speaking on Arise TV on Monday, he disclosed that the corporation will be transformed into a private company. READ...
Non-Exploitation Of Mineral Resources Responsible For Insecurity, Says Gov. Masari
Katsina State Governor Aminu Bello Masari has blamed the increasing spate of banditry and other forms of insecurity across the country on the failure of government to exploit the nation’s solid mineral resources. Masari, who said this on Wednesday when he visited the Minister of Mines and Steel Development, Olamilekan Adegbite, in Abuja, maintained that the agitations for resource control...
Nigeria Makes World Bank List Of 10 Countries With High Debt Risk
The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure. It stated this in the financial statement for International Development Association, which was among the World Bank FY21 audited financial statements released on Monday. The financial statement said, “IDA faces two types of credit risk: country credit risk and counterparty credit...
States Government, Not FIRS To Collect VAT – Court Declares
The Federal High Court sitting in Port Harcourt has declared that it is the Rivers State Government and not the Federal Inland Revenue Services (FIRS), that should collect Valued Added Tax (VAT) and Personal Income Tax (PIT) in the State. The court presided over by Justice Stephen Dalyop Pam, has also issued an order of perpetual injunction restraining the Federal...
Buhari To Lead 11 African Nations To Negotiate $19bn Soft Loan
The Pan Africa Great Green Wall (PAGGW) countries have appointed President Muhammadu Buhari President of the Heads of States and Government of the PAGGW to facilitate $5bn grant and $14bn soft loans for the agency. The minister of environment, Dr Mohammad Mahmood Abubakar, who disclosed this during the ministerial briefing on recent developments in the environment sector also said the...
ANAN Inducts 1,494 New Members As Certified National Accountants
As part of activities marking the 2021 Mandatory Continuing Professional Development (MCPD) of the Association of National Accountants of Nigeria, the leading professional accounting body has inducted as Certified National Accountants 1,494 members. This is with a charge on them to continue to be outstanding in upholding all professional accounting ethics while in practice. Speaking at the event which marked the...
High Cost Of Cooking Gas Angers Enugu Residents
Some residents of Enugu metropolis have criticised the high cost of cooking gas in the state, the News Agency of Nigeria (NAN) reports. A correspondent of NAN, who conducted a market survey on the price of cooking gas in some cooking gas plants and outlets on Wednesday, observed that the prices of the products had increased by 50 per cent. NAN...
AuGF Pledges Support To ANAN On Environmental, Disaster-Related Auditing
Auditor General for the Federation, Mr. Aghughu Adolphus has pledged the readiness of his office to partner with a leading professional accounting body in Nigeria, Association of National Accountants of Nigeria, ANAN in incorporating performance, environmental and disaster-related auditing into its curriculum. While suggesting that this incorporation can come by way of separate surveys or at the professional examination of...
