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The Nigerian National Petroleum Company Limited has confirmed that the Federal Government is paying subsidies on the petrol it imports into the country. Though the NNPCL denied paying fuel subsidies to marketers in the last nine months, it said the government allows it to sell at a price below the landing cost The company’s Chief Financial Officer, Alhaji Umar Ajiya, made the clarifications on Monday in Abuja. Ajiya said the […]
Telecommunication companies paid N2.4tn tax to the Nigerian government in 2023, despite struggling to attract investments, a digital economy report from the Groupe Special Mobile Association According to the report, the sector generated about N33tn, representing 13.5 per cent of the country’s gross domestic product. It highlighted the importance of the telecommunications sector to Nigeria’s economy, with the potential for even greater growth and development in the next 3–5 years. “The […]
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