The President, Dangote Industries Limited, Aliko Dangote, will begin oil production in July from two assets he acquired from Royal Dutch Shell Plc. Dangote, Africa’s richest man, is working with Chinese and Malaysian contractors and has completed a development plan … Continue reading Dangote to Begin Crude Oil Production in July
The International Monetary Fund has said oil-dependent economies, including Nigeria, continue to fare less than countries reliant on other export sectors, a pattern in place since the drop of oil prices in 2014. The IMF stated this on Thursday in … Continue reading Nigeria Falls Short of Economic Growth Expectation – IMF
The Central Bank of Nigeria on Tuesday said that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said this in a circular to all Deposit Money Banks in the country. It said that … Continue reading CBN Begins Charges on Deposits, Withdrawals Above N500,000
Chairman of the Federal Inland Revenue Service, Babatunde Fowler, on Monday said that Nigerian banks would start charging Value Added Tax on local and foreign online transactions from January 2020. Fowler spoke at a technical workshop organised by the African … Continue reading FIRS to Impose VAT on Online Transactions from January 2020
