FG Gazettes 2024 Withholding Tax Regulations
The Federal government has published the Deduction of Tax at Source (Withholding tax) Regulations, 2024, in the official gazette.
Category ECONOMY
Petrol landing cost drops amid naira appreciation
The landing cost of petrol has dropped from the N981/litre recorded on September 25, 2024, to N945.63/litre as of September 27.
Subsidy Has To Go – Dangote To Nigerian Government
As Nigerians grapple with prohibitive pump price of petrol and consequent spiraling inflation, Alhaji Aliko Dangote, the President and Chief Executive of Dangote Refinery, repeats the call for removal of fuel subsidy. The businessman asserted that the removal would determine…
FG to supply Dangote Refinery 12m barrels of crude in October
The Federal Government and Dangote Refinery have finalized an agreement for the supply of 12 million barrels of crude oil to the facility in October.
NiMet predicts three-day thunderstorms from Monday
The Nigerian Meteorological Agency (NiMet) has predicted thunderstorms from Monday to Wednesday across the nation. NiMet`s weather outlook released in Abuja on Sunday forecast morning thunderstorms on Monday over parts of Sokoto state, Kebbi and Borno. According to it, thunderstorms…
Price of 5kg cooking gas jumped from N5,974 in July to N6,430 in August— NBS
The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N5,974.55 recorded in July 2024 to N6,430.02 in August 2024.
CBN Clarifies Status of Cybersecurity Levy
The Central Bank of Nigeria (CBN) has denied reintroducing the cybersecurity levy which collection was recently suspended. The levy, initially mandated at 0.5 percent for banks to collect on behalf of the National Security Adviser, was put on hold following…
CBN to maintain controversial cybercrime levy amid economic hardship
the Central Bank of Nigeria (CBN) has confirmed it will continue enforcing the contentious cybercrime levy of 0.005 percent
NERC Transfers Regulatory Oversight Of Electricity Market To KSERC
NERC has transferred regulatory oversight of electricity market in Kogi State from the Commission to Kogi State Electricity Regulatory Commission.
Wale Edun flags off Commencement Fuel Lifting from Dangote Refinery
History was made this afternoon, Sunday, September 15, 2024 as the the Nigerian National Petroleum Company Ltd (NNPCL) commences lifting of fuel from the Dangote Refinery. Flagging off the epoch making exercise, Finance Minister and Coordinating Minister of the Economy,…