Category: Business

…demands sanction of security agencies involved in sabotage Abuja – The Senate, on Wednesday, urged the Federal Government to introduce pollution tax on those involved in economic sabotage by engaging in illegal refining of crude products in oil producing areas of the country. The chamber also called on the federal government to sanction security agencies… Continue reading Illegal refineries: Senate wants FG to introduce pollution tax

The Federal Government says it is making Nigeria more business friendly by offering tax incentives through the 2020 finance bill. The Vice President Prof Yemi Osibanjo made this known while delivering his address at the virtual third Nigeria diaspora investment summit ,Friday in Abuja. According to Osibanjo,“what we have done in furthering our own economic… Continue reading Third Nigeria Diaspora Investment Summit: FG Woos Investors With Tax Incentives by Raphael Bichene

The Petroleum Products Marketing Company, , has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre. This was disclosed in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali. The memo, says the new ex-depot price is… Continue reading NNPC Raises Petroleum Pump Price to N155.17. By Raphael Bichene

Ngozi Okonjo-Iweala, Nigeria’s ex-finance minister and nominee for the office of the director-general of the World Trade Organisation, WTO, has broken the records by becoming the first African to emerge winner of the highly competitive race. The former minister According to TheCable, polled 104 votes from 164 member countries to defeat her South Korea’s trade… Continue reading Ngozi Okonjo-Iweala Emerges WTO DG by Raphael Bichene

The Federal Government says Emirates Airlines has been included in the list of airlines not allowed to operate in Nigeria as part of measures to curb the spread of coronavirus in the country. Minister of Aviation, Hadi Sirika, made this known via his Twitter handle on Friday. He said the decision was taken after a meeting between… Continue reading FG Bars Emirates by Raphael Bichene

Operations of Arik Air were on Monday shut down by the aviation unions over alleged non payment of staff salaries since April after placing 90 per cent of the workforce on compulsory leave and other anti-labour practices. The News Agency of Nigeria (NAN), reports that unions included the National Union of Air Transport Employees (NUATE)… Continue reading Unions Ground Arik Air Operations Over Non Payment of Salary by Raphael Bichene

Bahrain has joined the United Arab Emirates in agreeing to normalise relations with Israel, in a US-brokered deal that Palestinian leaders denounced as “another treacherous stab to the Palestinian cause”. Donald Trump, the president of the United States, announced the deal on Twitter on Friday after he spoke by phone to Bahrain’s King Hamad bin… Continue reading Bahrain Follows UAE to Normalize Ties With Isreal by Raphael Bichene

TUI, Europe’s biggest holiday company, said on Sunday it had decided to cancel all holidays to mainland Spain up to and including Sunday August 9 in updated advice after Britain imposed a quarantine on those returning from the country. “TUI UK have taken the decision to cancel all holidays to mainland Spain up to and… Continue reading Europe’s Biggest Holiday Company Cancels All Trips to Mainland Spain by Raphael Bichene

Twitter has revealed that hackers viewed private direct messages (DMs) from 36 of the accounts involved in last week’s hack. It did not disclose who they belonged to beyond saying one was owned by an elected official in the Netherlands. But the Dutch far-right politician Geert Wilders has told the BBC that this was a… Continue reading Twitter Says 36 Private Accounts Viewed by Hackers by Raphael Bichene