Presco Plc said its recent rights issue was 103 per cent subscribed, highlighting solid investor backing and confidence in the company’s strategic direction and growth outlook. A fully integrated edible oils and fats company, Presco, announced this in a statement on Wednesday, signed by its Secretary, Frederick Ichekwai. It stated that the Rights Issue attracting …
The Nigerian government has reaffirmed its commitment to the implementation of the new tax laws, which will take effect on January 1, 2026, despite concerns raised by the House of Representatives over alleged discrepancies between the gazetted versions and those passed by lawmakers. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax …
The Federal Inland Revenue Service (FIRS) has clarified that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) now automatically serves as the Tax Identification Number (TIN) for individual Nigerians. The announcement was made on Monday as part of a public awareness campaign on the new tax laws, shared by FIRS …
The Federal Government expects to generate about ₦150 billion annually from its proposed End-of-Life Vehicle (ELV) policy once it becomes operational. Director-General of the National Automotive Design and Development Council (NADDC), Mr. Joseph Osanipin, disclosed this during a media parley in Abuja. He said the projected revenue would come from vehicle parts recycling and the …
The Managing Director of Lagos State Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, revealed that 90 per cent of waste in Lagos is worth about $2.5 billion. He urged residents to sort and hand over waste to recyclers or others who can reuse it. He said, “Waste-to-wealth is key to Lagos’ survival. Visit Olusosun and …
The Federal Airports Authority of Nigeria (FAAN) has announced new measures to ensure smooth passenger movement at airports during the end-of-year travel rush. FAAN’s Director of Public Affairs and Consumer Protection, Mr. Henry Agbebire, said the authority conducted advanced traffic forecasts to prepare for the expected rise in passenger numbers. He explained that FAAN developed …
The Nigerian Consumer Credit Corporation (CREDICORP) has enabled 1,000 women to acquire locally assembled vehicles. The empowerment programme marked the commencement of CREDICORP's nationwide ‘10,000 Women Mobility’ initiative rollout at Eagle Square, Abuja, on Monday, December 22. According to CREDICORP, the scheme represents the largest single-day mobility asset acquisition for women in Nigeria. It is …
Dangote Refinery has urged petrol station owners and dealers nationwide to register for its direct supply scheme and benefit from the current gantry price of ₦699 per litre. It said the offer is available to all petrol station owners and dealers nationwide. The $20 billion refinery had on December 12, announced a ₦129 reduction of …
Uganda’s export earnings soared to $1.5 billion in October, nearly double the same month last year, according to official data. The surge reflects strong receipts from key commodities. Coffee, Uganda’s cornerstone export and top source of foreign exchange, benefited from elevated global prices. As Africa’s leading coffee exporter in 2025, Uganda earned a record $2.4 …
The Democratic Republic of Congo (DRC) and the United States have signed a high-profile agreement on critical minerals. The deal promises economic transformation and secure access to cobalt and other key resources. At the heart of the agreement is the Strategic Mineral Reserve (SMR). It is designed to ensure a stable supply of critical minerals, …
