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Relating to or associated with Nigeria, a country located in West Africa.
The Nigerian Association of Road Transport Owners (NARTO) has urged the federal government to remove the 7.5% Value Added Tax (VAT) on Automotive Gas Oil (AGO), commonly known as diesel. According to NARTO, the high cost of diesel due to the VAT imposition is impacting the distribution and supply of Premium Motor Spirit (PMS) petrol. Diesel is the primary fuel for about 90% of haulage trucks used to transport petrol from depots to retail outlets across the country. NARTO warns that unless the government takes swift action, the transporters may park their trucks, leading to a shortage of petrol supply.
The Nigerian Exchange (NGX) rebounded from its recent bearish trend, as equities surged and market capitalization saw a significant gain. This positive turnaround was led by Transcorp and NASCON. The All-Share Index (ASI) closed 0.93% higher, while the market capitalization rose by N339 billion. DANGOTE SUGAR, NASCON, and NAHCO were among the top gainers, while COURTVILLE, ABC TRANSPORT, and TANTALIZER experienced losses. Despite lower trading activity in terms of volume, OANDO emerged as the most traded equity. ZENITH BANK and GTCO performed well, while BUA CEMENT, BUA FOODS, SEPLAT ENERGY, MTN NIGERIA, DANGOTE CEMENT, and AIRTEL AFRICA remained unchanged.
Amidst the grief over the loss of late singer Mohbad, a dispute has erupted among his family members regarding his inheritance. Rinsola Abiola, daughter of late Moshood Abiola, expressed her thoughts on how some families prioritize a man's wealth after his passing. Furthermore, Mohbad's wife, Omowunmi, worries about the future of their young son. This article delves into the complexities of inheritance conflicts and sheds light on the challenges faced by the late singer's loved ones.
Embark on a gastronomic journey as we explore the vibrant dining scene of Abuja, the Federal Capital Territory of Nigeria. From cozy cafes to fine dining establishments, we will discover the top restaurants where you can indulge in delectable delights that will satisfy your appetite. With a blend of local and international cuisines, Abuja offers a diverse culinary experience that caters to every taste. Whether you're a food enthusiast or simply looking for a great place to dine, these restaurants in Abuja will leave you coming back for more.
The National and State Assembly Election Petition Tribunal in Enugu State has nullified the election of Honourable Bright Ngene of the Labour Party as the House of Assembly member representing Enugu South urban constituency. The tribunal ordered a rerun election within 90 days based on the grounds that the number of votes credited to the winner was fewer than the number of disenfranchised voters in the constituency. Meanwhile, the parliamentary election petition tribunal in Lagos state has debunked media reports of cancelling the election victory of Honourable Atta Achief Thaddeus, the House of Representatives member-elect, Eti-Osa Federal Constituency.
Nigeria's recent repeal of the 1988 Arbitration and Conciliation Act and introduction of the 2023 Arbitration and Mediation Act have brought significant changes to the country's legislative framework, enhancing its position as an arbitration hub in Africa. This article explores the criticisms of the previous act and highlights notable changes introduced by the new act, including the option of an Award Review Tribunal, recognition of third party funding, and provisions for consolidation of proceedings.
Popular Nigerian DJ, DJ Cuppy, has expressed her desire to become a full-time backup singer for singer and songwriter, Asake. Cuppy made this announcement after meeting Asake for the first time. She shared her excitement on social media and expressed her eagerness to work with Asake on her career development.
Ending IPOB's sit-at-home order in the Southeast region marks a pivotal moment for the area's socio-economic activities. The collaboration between the army and relevant stakeholders has led to a resumption of normalcy in the region.
Popular Nigerian disc jockey (DJ), Florence Ifeoluwa Otedola, popularly known as DJ Cuppy, has expressed her desire to become a full-time backup singer to music sensation, Asake. Cuppy made this revelation after meeting Asake for the first time and took to social media to share the news. Asake recently joined the exclusive list of Nigerian artistes that have sold out the prestigious O2 Arena in London, United Kingdom. Cuppy's aspiration to join his music band showcases her determination for career development and exploring new avenues within the music industry.
The ongoing investigation into the alleged financial fraud during Godwin Emefiele's time as Governor of the Central Bank of Nigeria has uncovered shocking revelations. With an estimated N7 trillion involved, the probe is set to expose the mismanagement and compromised regulations within the financial system. Despite facing pressure from influential figures, the investigative team is determined to unveil the truth and hold the perpetrators accountable.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the successful bidders for the Nigerian gas flare commercialisation programme. This initiative aims to harness gas released as a byproduct of oil production and eliminate routine gas flaring by 2035. The NUPRC awarded 42 companies/entities with 49 flare sites for development. These companies will now proceed to execute commercial agreements and obtain permits to access flare gas. KPMG will partner with the commission to ensure the successful outcome of the programme.
Nigerian authorities have issued flood alerts to 13 northern states due to heavy rainfall and the potential for impending disasters. The National Emergency Management Agency (NEMA) urges communities to activate emergency response plans and remain vigilant. This article discusses the measures being taken to mitigate potential flooding and ensure the safety of affected areas.
Daniel Bwala, a former aide to Atiku Abubakar, has urged President Tinubu to prioritize governance over diplomatic trips and photo ops. In his analysis of the first 100 days of Tinubu's presidency, Bwala stated that more attention should be given to nation-building rather than flashy international visits.
Prosper Dania, a young Nigerian artist, has gotten one step closer to realizing his childhood dream of exploring space. His artwork titled "Shared Aspiration" has been selected amongst other African youth paintings to be exhibited on China's Tiangong space station by the Shenzhou-16 taikonauts. This achievement is a result of his top prize win in the "My Dream" Painting Competition, co-hosted by the Secretariat of the Chinese Follow-up Committee of the Forum on China-Africa Cooperation, the China Manned Space Engineering Office, and the Chinese missions in Africa. Dania's art showcases a Sino-African collaboration symbolized by a space-bound taikonaut surrounded by the Chinese and Nigerian national flags, and stars.
The Nigerian Association of Road Transport Owners (NARTO) is urging the Federal Government to stop the 7.5% Value Added Tax (VAT) on diesel, as it is causing a hike in fuel prices and disrupting the distribution of petrol. NARTO claims that diesel is essential for transporting petrol across the country, and the high cost of diesel is becoming unbearable for transporters. This article delves into the challenges and implications of the VAT on diesel and calls for an immediate solution to prevent further disruptions in the supply of petroleum products.
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