The Nigerian Maritime Administration and Safety Agency (NIMASA) has ordered the shutdown of ShellPlux and TMDK Terminals located in the Ijegun-Egba area of Lagos State. The closure was carried out …
Economy
- EconomyGOVERNMENTNigeriaSecurityTrade and Commerce
- EconomyFinance & ServicesGOVERNMENTNigeria
FIRS Urges Accountant-General to Enforce Tax Deductions by MDAs, Seeks Stronger Compliance for Revenue Growth
The Federal Inland Revenue Service (FIRS) has urged the Office of the Accountant-General of the Federation to ensure that all Ministries, Departments, and Agencies (MDAs) of government comply with tax …
President Donald Trump and Republican lawmakers in the United States have moved forward with a new plan to reduce government spending by approving a controversial $9 billion cut. The cuts …
The Mahikeng High Court in South Africa has ordered Ditsobotla Local Municipality to pay over R7.5 million to Kwende Construction CC for emergency electricity repairs carried out in December 2023. …
- DevelopmentEconomyGOVERNMENTInfrastructure
Ramaphosa: R1 Trillion Set for Infrastructure to Grow Economy
President Cyril Ramaphosa has reaffirmed the South African government’s plan to invest more than R1 trillion in infrastructure over the next three years to improve the nation’s roads, ports, rail …
- Eastern AfricaEconomyGOVERNMENTTrade and Commerce
Uganda Boosts Foreign Reserves to $4.3bn on Strong Exports
Uganda’s foreign exchange reserves have seen a major increase, jumping from $3.2 billion to $4.3 billion within one year. This rise represents about a 33% growth, giving the East African …
The popular Nyege Nyege music and arts festival in Uganda has not only entertained thousands of fans from across the world but has also brought in a huge boost to …
- EconomyNigeriaSecurityTrade and Commerce
SEREC Urges Full Review of Bonded Terminals, Commends Nigeria Customs Reforms
The Sea Empowerment and Research Centre (SEREC) has called on the Federal Government and the Nigeria Customs Service (NCS) to urgently review the operations of bonded terminals across the country. …
- AfricaBanking, Finance & InvestmentEconomyFinance & Services
World Bank: Nigeria, Other Developing Countries Record Fastest Growth in Financial Savings in a Decade
The World Bank Group has reported a significant rise in the number of adults using financial accounts to save in Nigeria and other developing countries, marking the fastest growth in …
- BusinessEconomyEnergyGOVERNMENTNigeriaOil & GasPolicies
NMDPRA Urges Strict Compliance with Oil and Gas Sector Regulations
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called for stronger compliance with oil and gas sector regulations, especially in midstream and downstream operations. This call was made …