IoD Nigeria confers fellowship awards on members

The Institute of Directors Nigeria held its 2021 edition of Fellows’ Investiture on Thursday, October 14, 2021. The event, which witnessed the conferment of fellowship awards on 31 members of the Institute, had the theme, “Stimulating Nigeria's Economic Growth & Development: Lessons and Opportunities from recent challenges…





FG unveils new tax rules, timeframe for Appeal Tribunal









The Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, has approved the Tax Appeal Tribunal (TAT) (Procedure) Rules, 2021 which replaces the defunct TAT (Procedure) Rules, 2010...









PIA: Fuel, gas levies can’t fund infrastructure, says stakeholders







The levies stipulated in the Petroleum Industry Act to be paid by operators in the midstream and downstream sectors of the Nigeria oil and gas industry is inadequate to close the infrastructure in the sectors, some stakeholders have said. They said this in a report sponsored by Seplat Energy Plc to commemorate its 2021 Energy Summit, with the title ‘Hidden in plain sight: Nigeria’s energy transition’...









Nigeria’s economy to grow on oil boost but won’t outpace poverty







The International Monetary Fund (IMF) has increased Nigeria’s growth forecast for this year to 2.6 percent from an earlier prediction of 2.5 percent amid the rally in oil prices, but analysts say the improved growth will not bring relief to people in the world’s poverty capital. The growth revision was made in the IMF’s October 2021 World Economic Outlook Report, which was released Tuesday...