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Daily Business News Brief |  Tuesday, March 8th,  2022.

8
Mar

NGX implements new strategy, structure –  Punch

As part of ongoing activities aimed at improving business operations and processes at the Nigerian Exchange Limited, the Board of the Exchange says it has approved a new strategy centred on digital transformation, strategic partnerships, and customer-centric solutions.  It said these would ensure that the bourse becomes a leading organisation with a focus on deepening the capital market, diversifying its products and services, enhancing retail participation, and delighting its stakeholders across the board………………. read more

NNPC moves to acquire FG’s power plants, meets BPE – Vanguard

The NNPC’s Group Managing Director, Mele Kyari, disclosed this when he led the management team of the oil company on a courtesy visit to the Bureau of Public Enterprises in Abuja, according to a statement by the BPE issued in Abuja on Monday.The Nigerian National Petroleum Company Limited has expressed interest to participate in the acquisition of power plants under the National Integrated Power Project put up for sale by the Federal Government through the Bureau of Public Enterprises. …………….. read more

FIRS, others’ revenue collection cost rises by 49%, hits N329bn – Punch

The cost of revenue collection by key revenue-generating agencies of the Federal Government rose by N108.98bn between 2019 and 2021, according to findings by The PUNCH.  Specifically, data from the National Bureau of Statistics revealed that the Nigerian Customs Service, Federal Inland Revenue Service, and Department of Petroleum Resources received an aggregate of N220.39bn as cost of collections in 2019.  However, according to the latest reports released by the NBS on monthly Federal Account Allocation Committee Disbursements, the cost of collections by these revenue-generating agencies rose to N329.37bn in 2021……………….. read more

Customs bow to pressure, suspend e-valuation of imported vehicles -Thisday

The Federal Government through the Nigeria Customs Service on Monday announced a 31-day suspension of the controversial electronic valuation system for imported vehicles, also known as Vehicle Identification Number valuation. The announcement came over two weeks after clearing agent associations at Lagos ports embarked on an indefinite strike over what they described as frustrations occasioned by the implementation of the e-valuation system or VIN by the Customs…………….. read more

NNPC moves to acquire FG’s power plants, meets BPE – Thisday.

The NNPC’s Group Managing Director, Mele Kyari, disclosed this when he led the management team of the oil company on a courtesy visit to the Bureau of Public Enterprises in Abuja, according to a statement by the BPE issued in Abuja on Monday.The Nigerian National Petroleum Company Limited has expressed interest to participate in the acquisition of power plants under the National Integrated Power Project put up for sale by the Federal Government through the Bureau of Public Enterprises……………… read more

FG Insists Nigeria Has Enough Petrol in Stock, – Daily Imdependent

The federal government has maintained that it has enough petrol in the depots to serve the growing demand, amid the growing queue across the nation.
Updating the press, after receiving a briefing from the Nigerian National Petroleum Company (NNPC), Minister of State, Petroleum, Mr Timipre Sylva, who spoke in Abuja, compared the current situation to an accident. ……………. read more

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