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Peter Vowles appointed British High Commissioner to Nigeria
Government of the United Kingdom (UK) has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria. Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his…
TotalEnergies, NNPC renew emission mitigation partnership
TotalEnergies EP Nigeria Limited and Nigerian National Petroleum Company (NNPC) Limited have renewed their cooperation agreement on deployment of patent technology for emission detection and control at operated oilfield assets in Nigeria. The deal entails continued deployment of AUSEA technology,…
NUPRC sets 1.9mbpd oil target record May output
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said Wednesday it is targeting crude oil production of 1.9 million barrels per day (mbpd) after output reached 1.86 mbpd in May. NUPRC Chief Executive Oritsemeyiwa Eyesan, who disclosed this during a courtesy visit…
Exclusion of pension funds, poor technology remain barriers to insurance penetration in Nigeria — NCRIB
Nigerian Council of Registered Insurance Brokers (NCRIB) has listed such impediments as the continued exclusion of pension funds from the core insurance sector, poor adoption of technology and widespread ignorance about sector’s benefits, as responsible for low insurance penetration in…
FG releases comprehensive transition guidelines for new tax regime
Federal Government, Thursday, released a comprehensive set of guidelines to facilitate Nigeria’s transition to a new tax regime, providing clarity for taxpayers, revenue agencies, tax consultants, businesses and other stakeholders ahead of the implementation of the Tax Acts 2025. The guidelines,…
FG directs MDAs to stop stamp duty deductions with immediate effect
Federal Government has directed all Ministries, Departments and Agencies (MDAs) to immediately discontinue the deduction of one per cent stamp duty from payments made to contractors, vendors, suppliers and service providers, citing the provisions of the Nigeria Tax Act 2025. The…
FG, states, LGs share N2.3tn for May FAAC revenue
Federation Account Allocation Committee (FAAC) has shared a total of N2.300 trillion among the federal government, states and local governments (LGs) in the country. The figure represents revenue the May 2026 Federation Account, a drop from the total of N2.257 trillion…
PenCom, trade union plan pension coverage for 9m transport workers
Industry regulator, the National Pension Commission (PenCom) and the National Union of Road Transport Workers (NURTW) have commenced discussions on a partnership aimed at enrolling an estimated nine million transport workers into the Personal Pension Plan under Nigeria’s Contributory Pension…
MTN makes over 80% of revenue in Nigeria, others — CEO, warns against continued xenophobic attacks in SA
MTN Group President/Chief Executive Officer, Mr. Ralph Mupita, has disclosed that the company draws over 80 per cent of its total revenue from Nigeria and other countries elsewhere, and only less than 20 per cent from South Africa itself. This…
S/African labour unions warn workers to shun anti-migrant protests
Ahead of the June 30 planned nationwide protests by several anti-migrant activist groups in South Africa against African migrants, the country’s biggest labour platforms have warned workers to shun the marches. The labour unions stated that it will not guarantee…
