New Telegraph

NUPRC: Oil Producing Coys’ Non-compliance To Regulation Affecting Budge

NUPRC: Oil Producing Coys’ Non-compliance To Regulation Affecting Budge

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has raised concerns over the failure of oil producing companies to allocate a specified quantity of crude to local refining companies under the Domestic Crude Oil Supply Obligation…

Dangote Gives 30,000 Bags Of 10kg Ramadan Rice In Jigawa

Dangote Gives 30,000 Bags Of 10kg Ramadan Rice In Jigawa

Dangote Foundation has donated 30,000 bags of 10kg rice to the poor and vulnerable in Jigawa state, as part of efforts towards assisting the needy during the ongoing Ramadan. The items, which the distribution commences…

Momoh Becomes Acting CEO/MD, Eko Disco

Momoh Becomes Acting CEO/MD, Eko Disco

The Board of Directors of Eko Electricity Distribution Plc (EKEDC) yesterday announced that Mrs Rekhiat Momoh has assumed the role of Acting Chief Executive Officer of Eko Disco. A statement sent to New Telegraph by…

New dawn in Nigeria’s sustainability reporting

New dawn in Nigeria’s sustainability reporting

One of the vocal points of many listed companies across the globe at the moment is to improve their sustainable practices. Sustainability reporting is now becoming the prerequisite and criteria to unlock investable funds. Discerning…

NCS set to tackle port bottleneck with new programme

NCS set to tackle port bottleneck with new programme

One of the challenges faced by Nigeria Customs Service (NCS ) in the area of revenue generation and trade facilitation has been decline in the number of vessels calling at ports in Nigeria as compared…

ECOWAS reviews action plan for integrated maritime strategy

ECOWAS reviews action plan for integrated maritime strategy

Economic Community of West African States(ECOWAS) Commission has reviewed the draft Action Plan of ECOWAS’ Integrated Maritime Strategy (EIMS) in order to achieve the objectives of the platform in Abidjan. Cote d’Ivoire. EIMS is a…

FX: CBN’s policy actions propel naira’s rebound

FX: CBN’s policy actions propel naira’s rebound

Clearly, last week’s performance of the naira was one of its best in recent time as the ailing local currency appreciated to N1,431/$1 on Friday, March 22, the best rate since February 5th when it…

FG earns N31.08bn from electronic transfers levy

FG earns N31.08bn from electronic transfers levy

  The Electronic Money Transfer Levy (EMTL) revenue component of disbursements by the Federation Account Allocation Committee (FAAC) to the three tiers of government between January and February, this year, amounted to N31.08 billion, findings…

Nigeria’s dead capital in real estate market hits $900bn

Nigeria’s dead capital in real estate market hits $900bn

The value of dead capital in Nigeria’s real estate market has reached $900 billion due to spike in property prices, a report has said. The report by BuyLetLive explained that a large chunk of value…

Port regulator plans ICTN deployment to block $3bn cargo fraud

Port regulator plans ICTN deployment to block $3bn cargo fraud

The Nigerian Shippers’ Council (NSC) is to commence the implementation of Integrated Customs Tariff Nomenclature (ICTN) in August 2024 as part of strategies to boost revenue generation at the seaports and to block more than…