1. Move from diesel to gas use, FG urges energy operators
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has called on industry operators, particularly large consumers of petroleum products, to consider moving from the use of diesel to gas in line with the Federal Government’s designation of gas as Nigeria’s transition fuel after the Petroleum Motor Spirit… Read more
Source: https://punchng.com/move-from-diesel-to-gas-use-fg-urges-energy-operators/?amp
2. Climate Crisis: World Not Ready To ‘Switch Off’ Fossil Fuels, Says UAE
The United Arab Emirates Minister of Climate Change and Environment, Mariam Almheiri, has said phasing out fossil fuels would hurt countries that either depend on them for revenue or cannot easily replace hydrocarbons with renewable energy sources… Read more
3. NBET Gets Gold Level Award from BPSR, Scores 86.7%
The Bureau of Public Service Reforms (BPSR) has awarded the Nigerian Bulk Electricity Trading Plc (NBET) a gold level award for its consistent performance, reforms and overall efficiency… Read more
Source: https://www.thisdaylive.com/index.php/2023/05/16/nbet-gets-gold-level-award-from-bpsr-scores-86-7/
4. Investors in Transcorp, Nigerian Breweries, others make N102.3bn in five hours
Investors in the Nigerian capital market gained N102.3 billion at the close of trading on Tuesday… Read more
5. Proposed retirement age extension stirs fresh debate
Experts have expressed divergent views on Nigeria Labour Congress’ demand for an upward increase of the country’s retirement age and years of service for civil servants… Read more
Source: https://punchng.com/proposed-retirement-age-extension-stirs-fresh-debate/?amp
6. FG spends N13tn on subsidy, sets removal guidelines
The Federal Government, on Monday, said it was developing a comprehensive guide for the incoming administration of Bola Tinubu, on how to manage the removal of subsidy on Premium Motor Spirit, popularly called petrol… Read more
Source: https://punchng.com/fg-spends-n13tn-on-subsidy-sets-removal-guidelines/?amp
7. Court intervenes in Titan Trust’s offer to buy out Union Bank shareholders
The minority shareholders of Union Bank of Nigeria (UBN) have been ordered by the Federal High Court to vote on the N7 per share acquisition offer from Titan Trust Bank Limited… Read more
8. CITN seeks policy review to curb tax avoidance
The Chartered Institute of Taxation of Nigeria has said it is important to conduct a holistic review of the country’s international tax policies to have a framework that will increase tax revenue in the country… Read more
Source: https://punchng.com/citn-seeks-policy-review-to-curb-tax-avoidance/?amp
9. IATA addresses rise in foreign airlines’ exchange rate, ticket prices
The International Air Transport Association (IATA) has denied setting an exchange rate for international flight tickets in Nigeria… Read more
10. Businesses you can start with N50,000 capital
Nigeria boasts of about 41 million micro-businesses and 73,000 small and medium businesses, a survey by the Small and Medium Enterprises Development Agency of Nigeria has shown… Read more
Source: https://punchng.com/businesses-you-can-start-with-n50000-capital/?amp
