FG to deploy fiscal policies to protect emerging industries, encourage investments – Mrs. Ahmed

The federal government has pledged to deploy fiscal policies that protect industries and encourage investments in critical sectors of the economy. This was disclosed by… The post FG to deploy fiscal policies to protect emerging industries, encourage investments – Mrs. Ahmed appeared first on Daily Times Nigeria. Nigeria News from Nigeria Newspapers

‘Nigeria, Not In Hurry To Sign AFT Agreement’

The Federal Government says it is not in a hurry to sign the African Free Trade Agreement (AFCFTA) because of its implication on the nation’s economy. The Special Adviser to the President on Economic Matters, Dr Adeyemi Dipeolu, disclosed this on Wednesday in Ibadan at the 60th anniversary lecture of the Department of Economics, University…

DMO Begins Payment Of Arrears To Oil Marketers

The Debt Management Office (DMO), says it has commenced the accelerated implementation of settlement of government arrears through promissory notes to oil marketers. The DMO made this known in a statement it issued on Wednesday in Abuja, when it met with the Senate Committee on Downstream Petroleum Sector to discuss the issue of the outstanding payments to…

CSOs Berate Ministry For Abating Corruption In Securities Tribunal

Some Civil Society Organisations (CSOs), under the aegis of Coalition of Civil Society Organisations for Justice and Equity (CCSO-JE), have bemoaned the spate of “corruption, lack of transparency” and other misconducts by the staff of Investments and Securities Tribunal (IST). The tribunal was established as an agency under the supervision of the Federal Ministry of…

CITN Partners ICPC To Curb Tax Evasion

The Chartered Institute of Taxation of Nigeria (CITN) says it has signed a Memorandum of Understanding (MoU) with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to curb tax evasion in the country. Its President, Mr Ikemefuna Ede, made the disclosure on Thursday, saying that the objective was to enhance capacity development of…

NNPC, BP sign 6-month crude-for-product swap

The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has signed a six-month crude-for-product swap agreement otherwise known as Direct Sale-Direct Purchase (DSDP) with BP Oil International Limited, the trading arm of British Petroleum (BP), for the supply of Premium Motor Spirit (PMS) also known as petrol. Continue reading NNPC, BP sign 6-month crude-for-product swap…

Floods: Need for Nigeria farmers to embrace insurance

Statistically, it is estimated that Nigeria’s agricultural sector losses about N20 billion annually due to failure of insurance companies to create products to cover small farmers. However, the resurgent flood destroying many farmlands has added to the renewed calls for insuring this sector. Taiwo Hassan reports.   At the 2018 national insurance brokers’ conference and…

Minimum wage, impending strike, realities

Again, the organised labour is at the verge of calling out workers for another strike, but experience of the past reveals that those they agitate for end up being double victims of such industrial actions. Sunday Ojeme writes     Barring any unforeseen circumstance, the November 6 expectation for a nationwide strike to be declared…

Wheat: Market instability raises import quota

  High cost of inputs ranging from fertiliser and lack of access to storage facilities have increased Nigeria’s wheat import quota, culminating into decline in local production. President of Wheat Growers Association of Nigeria, Salim Mohammed, in a telephone interview revealed that challenges in the wheat sector were also fuelling smuggling, which is severely affecting…

Insurance: N300m rebranding project suffers glitch

  The initial excitement over the much publicised insurance industry rebranding project has waned. Initiated by the industry operators to boost public awareness with a huge moral and financial support from the regulator, National Insurance Commission (NAICOM), the project, propelled by a N300 million budget, has suffered publicity glitch. It was officially flagged off about…