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Busines

Home Busines Page 24
Thirty-three years later, the Urban Planning Law is still not fully implemented—NITPI’
Posted inBusines

Thirty-three years later, the Urban Planning Law is still not fully implemented—NITPI’

After more than 33 years, the Nigeria Institute of Town Planners (NITP) has bemoaned the federal and subnational governments' failure to execute the Urban and Regional Planning (URP) law. The…
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Posted by Taiwo Ayomide October 29, 2025
Production Was Reduced by 0.3 Point in Q3 Due to Industrial Conflicts – MAN
Posted inBusines

Production Was Reduced by 0.3 Point in Q3 Due to Industrial Conflicts – MAN

According to the Manufacturers Association of Nigeria (MAN), the third quarter saw a slight 0.3-point drop in the state of production. According to the group, the oil and gas industry's…
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Posted by Taiwo Ayomide October 29, 2025
GHL’s $718 million claim against FirstBank is dismissed by the tribunal.
Posted inBusines

GHL’s $718 million claim against FirstBank is dismissed by the tribunal.

The tribunal's mandate that GHL reimburse FirstBank for its arbitration fees within 30 days highlights the bank's resolute stance in the case and opens the door for more proceedings to…
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Posted by Taiwo Ayomide October 29, 2025
FIRS Boss: Finance Act Amendment, PIA Support for the Tax Ecosystem
Posted inBusines

FIRS Boss: Finance Act Amendment, PIA Support for the Tax Ecosystem

The Nigerian judiciary has received praise from the Executive Chairman of the Federal Inland Revenue Service (FIRS) for its wise tax decisions that have influenced the country's budgetary environment. The…
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Posted by Taiwo Ayomide October 29, 2025
To Introduce Electricity Subsidy for Underprivileged Nigerians
Posted inBusines

To Introduce Electricity Subsidy for Underprivileged Nigerians

According to the federal government, a tailored power subsidy is being designed to safeguard homes that are at risk while maintaining the industry's long-term economic viability. In order to increase…
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Posted by Taiwo Ayomide October 29, 2025
The Dangote Refinery’s Reasons for Redeploying Reabsorbed Workers to Borno, Zamfara, and Other Locations
Posted inBusines

The Dangote Refinery’s Reasons for Redeploying Reabsorbed Workers to Borno, Zamfara, and Other Locations

The Dangote Group has clarified that the redeployment of the workers to different states across Nigeria was part of the company's larger strategy to strengthen operations at its project sites,…
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Posted by Taiwo Ayomide October 29, 2025
The shutdown of the P/Harcourt refinery cost Nigeria N366.2 billion in just five months.
Posted inBusines

The shutdown of the P/Harcourt refinery cost Nigeria N366.2 billion in just five months.

According to Daily Trust checks, the Nigerian government has lost more than $249.7 million, or N366.210 billion, over the course of five months, from May 24, 2025, to October 31,…
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Posted by Taiwo Ayomide October 29, 2025
Oyedele will give the keynote address during the tenth anniversary of Haulmace.
Posted inBusines

Oyedele will give the keynote address during the tenth anniversary of Haulmace.

On Thursday, October 30, Mr. Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, will give the keynote lecture at the Haulage and Logistics Magazine…
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Posted by Taiwo Ayomide October 28, 2025
The launch of nationwide service by Vitel Wireless
Posted inBusines

The launch of nationwide service by Vitel Wireless

Nigerian Communications Commission (NCC)-licensed Vitel Wireless Limited, the country's newest GSM operator, is poised to revolutionize mobile communication. The company said in a statement that it was prepared to begin…
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Posted by Taiwo Ayomide October 28, 2025
Stanbic IBTC Reports N150 Billion in Q3 Earnings
Posted inBusines

Stanbic IBTC Reports N150 Billion in Q3 Earnings

The third quarter of 2025 saw Stanbic IBTC Holdings Plc report a pretax profit of N150 billion, up 91.78% from the N78.2 billion recorded in the corresponding period of 2024.…
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Posted by Taiwo Ayomide October 28, 2025

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