Day: November 23, 2021

Stanbic IBTC Infrastructure Fund Invests In 20,000MT LPG Storage Facility

  Stanbic IBTC Infrastructure Fund is delighted to announce its investment in the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal, the largest storage gas facility in Nigeria. The funding was provided to AP LPG Limited (a subsidiary of Ardova Plc) under a N12 billion senior debt facility agreement for a…

VAT Suit Will Prove Whether Nigeria Respects Rule Of Law – Wike

Governor Nyesom Ezenwo Wike has said the historic legal battle between Rivers State government and Federal Inland Revenue Service (FIRS) with respect to Value Added Tax (VAT), will demonstrate whether the country respects the rule of law or not. The governor said the decision of the State government to seek judicial interpretation on VAT collection,…

Lawan Gives Appropriations C’ttee Wednesday Deadline To Conclude Budget Defense

President of the Senate, Ahmad Lawan, has given the Committee on Appropriations till Wednesday this week to conclude budget defense by subcommittees of the upper chamber. Lawan explained that the ultimatum became necessary in keeping with the December 14 timetable for the passage of the 2022 budget by the National Assembly. He added that working…

ICPC Arraigns Gwagwalada Council Chairman over Alleged N10 million Fraud

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has docked the Chairman of Gwagwalada Area Council, Hon. Adamu Mustapha Danze, for allegedly receiving N10 million kickback from a contractor handling construction projects in the area council. Hon. Danze was arraigned by the Commission before Justice U. P. Kekemeke of the Federal Capital Territory…

Heritage Bank CEO wins Banker of Year SMEs & Agric 2021 award

Heritage Bank Plc, Nigeria most innovative service provider has been adjudged Banker of the Year 2021 under SMEs and Agric category, which was awarded to the MD/CEO of the Bank, Ifie Sekibo. The bank won the prestigious award at the New Telegraph 2021 Awards in recognition of its leadership position in delivering sterling development and…