China eliminated its gold tax break starting this month, a policy shift expected to push retail bullion costs higher by 3 percent to 5 percent domestically and potentially influence international markets. The Ministry of Finance announced that merchants can no longer claim value-added tax exemptions on high-purity bars and coins purchased through the Shanghai Gold…
Nigeria’s incoming tax legislation introduces 50 forms of relief targeting workers earning modest incomes and smaller enterprises starting from January 1, 2026. Taiwo Oyedele, who leads the Presidential Fiscal Policy and Tax Reforms Committee, detailed the provisions through social media channels, describing them as measures focused on fairness and economic expansion. Workers receiving minimum wage…
Oyo State transferred 90 hectares to federal authorities for the construction of the Moniya Inland Dry Port, marking another step toward easing congestion at coastal facilities. Deputy Governor Abdul-Raheem Lawal presented land documentation to Permanent Secretary Olufemi Oloruntola during a ceremony where officials from the Marine and Blue Economy Ministry and Nigerian Shippers’ Council inspected…
Electronic gate systems have eliminated traffic congestion that plagued Apapa port access routes for years, according to Nigerian Ports Authority officials and transport operators. The Ètò digital scheduling platform assigns designated time slots for heavy vehicles entering Lagos port terminals, while automated barriers restrict passage to authorized trucks with verified credentials. Stella Oladiran from the…
A veteran power sector specialist with 45 years of experience has proposed targeting reliable electricity for Nigeria’s 36 state capitals plus Abuja within five years. The expert, who previously led the Nigerian Electricity Regulatory Commission and chaired multiple industry groups, characterized the country’s electrical problems as a wicked challenge resistant to simple fixes after two…
Lagos hosted more than 8,500 power sector specialists during the Nigeria Energy Week gathering that concluded over the weekend. Informa Markets organized the 12th annual forum under a theme emphasizing investment, innovation and collaboration as drivers for electrical infrastructure advancement. Power Minister Adebayo Adelabu told attendees the federal administration remains dedicated to executing the Electricity…
Nigeria’s environmental regulator has called on manufacturers to adopt circular economy practices that convert waste into revenue while protecting the environment. Prof Innocent Barikor from the National Environmental Standards and Regulations Enforcement Agency addressed business leaders during a Lagos training session organized with ACCAPPOCCO Global Services Nigeria Limited. The agency director characterized circular models as…
Organizers behind the PEARL Awards have launched preparations for a milestone celebration honoring companies in Nigeria’s capital markets. Board leaders gathered with reporters in Lagos over the weekend to reveal contestants for the November 30 ceremony at Lagos Oriental Hotel on Victoria Island, which will stream online and host attendees in person. Dr. Faruk Umar,…
Nigeria’s gas minister has pledged continued federal backing for the Brass industrial complex as part of a broader strategy to leverage natural gas for manufacturing growth. Dr. Ekperikpe Ekpo outlined government priorities during a two-day workshop in Abuja, describing how the methanol facility, processing operation, and free zone will anchor an energy hub in Bayelsa…
The 24th NOG Energy Week wrapped up successfully after five days at the Bola Ahmed Tinubu International Conference Centre in Abuja, drawing 6,685 professionals from the sector between June 29 and July 3. The gathering featured 250 exhibitors, nearly 1,800 delegates and 125 speakers who examined strategies for advancing the nation’s energy objectives. Released findings…
