Customs reviews depreciation on vehicle duty, begin e-valuation today – Thisday
The Nigeria Customs Service has said it will review depreciation on vehicle duty as it begins the rollout of its Vehicles Identification Number platform for the electronic valuation of vehicles on Friday (today). According to the Controller Valuation of the Service, Comptroller Anthony Udeze, the depreciation value of vehicles has not been done properly prior to now. He added that a lot of variables had also been considered as the commission sets out to redeploy its VIN platform. He stated that the platform would present a uniform duty for all stakeholders in the industry. He disclosed this during a sensitisation meeting in preparation for the redeployment of the VIN platform that was held in Apapa on Thursday……………..read more
Oil marketers, airlines disagree over local JET-A1 price – Punch
Nigerian airline operators are currently at loggerheads with oil marketers over the rising prices of JET-A1, also known as aviation fuel. While marketers have defended the price, which is as high as N600 per litre, airlines have insisted that it is too high, accusing marketers of exploitation. As a result, airlines have threatened to shut down, forcing the state oil firm, NNPC Ltd., to intervene by importing two cargoes of the product and selling at lower prices to cushion the effect of high operational costs on airlines…………….read more
Unilever pays shareholders 50k dividend – Thisday
Unilever Nigeria Plc has said it will pay 50k dividend to its shareholders for the financial year ended December 2021. A statement from the company also said it recorded a turnover of N70.5bn in the period under review. “Unilever’s results for the year under review shows considerable progress across all indices, owing to improved operational performance and greater investment in the supply and distribution network, which resulted in high volume,” the statement said…………..read more
Firm eyes 30% aviation fuel market share – Daily Independent
Asharami Synergy Limited, a Sahara Group downstream company, is investing in technology and innovative solutions to enhance its capacity to fuel seamless economic growth through operations in the aviation fuel market. Asharami Synergy Limited, which is Nigeria’s first indigenous energy company to operate as an independent aviation fuel marketer, controls about 25 per cent market share in the industry, operating as the preferred supplier for local and international airlines…………….. read more
With $32bn Valuation, FTX Pushes for Regulatory Framework in Crypto Market – Punch
Given the huge trade volume of crypto currency in Africa, Nigeria inclusive, a centralised crypto currency exchange firm, FTX, has called on the federal government to licence crypto trading and come up with regulatory framework that will guide the operations crypto currency business in Nigeria………………read more