“We built the Dangote refinery without a single incentive from the government,” ~ Aliko Dangote
The Dangote group.has said that the construction of their $20 billion company was done solely built by them without government...
Business
China’s stock market boom has cooled off after investors were left dissatisfied by the much-awaited unveiling of plans to revive the flagging economy.
China's stock market boom has cooled off after investors were left dissatisfied by the much-awaited unveiling of plans to revive...
A strong US Jobs Data Strengthens the Currency and Asian Markets
In a noteworthy development for global financial markets, the release of a robust US jobs report has triggered a wave...
The State Of China’s Economy Is Dire. Can Things Improve With Its “Whatever-It-Takes” Stimulus Effort?
Francis Lun, who manages a modest 10-person firm in Hong Kong, has found relief in the stock market after four...
FG Eliminates Diesel and Cooking Gas Value Added Tax.
The federal government claims to have stopped charging value-added tax (VAT) on fuel used for cooking, diesel, and other oil and gas-related products. The decision is intended to revive Nigeria's oil and gas industry and increase investor confidence, according to a statement from Mohammed Manga, director of communications and public affairs at the Ministry of Finance The notice aims to reduce living expenses, enhance energy stability, and expedite Nigeria's shift to sustainable energy sources," the statement stated. "The VAT Modification Order 2024 introduces exemptions on a range of key energy products and infrastructure, including Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment." According to him, additional tax breaks for deep offshore projects are offered by the notification of tax benefits for deep offshore oil and gas production. “This initiative is aimed at positioning Nigeria’s deep offshore basin as a premier destination for global...
UAE Eases Visa Restrictions and Simplifies Application Process for Nigerians
In a significant move to strengthen ties with Nigeria, the UAE has announced the lifting of restrictions on visa applications...
“I Regret not Buying Arsenal Football Club”~ Dangote
The richest African man and chairman of Dangote Industries Limited had expressed his regret over not buying Arsenal Football Club...
Australian Supermarkets Face Lawsuit Over Alleged Fake Discount Claims
The two largest grocery chains in Australia are being sued by Australia's consumer watchdog, which claims they made up the...
Market Maintains Bullish Momentum
The stock market on the Nigerian Exchange Limited, or NGX, has maintained upward momentum despite apparent speculation over the future...
New CEO Alert at Nike and Sales Plummet.
Nike faces a major shakeup with competitors and its own strategy mistakes. The shoe giant announced on Thursdays that its...
