attract

Olomola: Finance Bill Sets Nigeria To Attract Investments

December 18, 2019 5:50 am

Partner and Head, Deal Advisory and Tax Services, KPMG Nigeria, Mr. Ajibola Olomola, in this interview on Arise Television, provides insights on the Finance Bill 2019. Peter Uzoho presents the exerpts:

What’s is the Finance Bill all about and how is it differ from the current tax legislation?

The Finance Bill 2019 is epochal. It is significant that Nigeria is beginning to join the league of nations that moderate their economy by use of fiscal instruments such as the Bill of this nature which makes changes to try to align the micro-economy with the macro-economic direction of the federal …

Two Unilag scholars attract €1,200,000 research grant

September 1, 2019 1:00 am

Two scholars from the University of Lagos have attracted a total of €1200,000, pounds (N540,000,000 million) for research.

The News Agency of Nigeria (NAN) reports that the grants were from the United Kingdom Research and Innovation Global Challenges Research Fund.

The scholars are Dr Sunday Adebisi, Director, African Research Universities Alliance ARUA Centre of Excellence in Unemployment and Skills Development, and Prof. Timothy Nubi, Director, Centre for Urbanisation and Habitable Cities.

Adebisi secured the grant for Partnership, Research and Capacity Building for Youth Unemployment Solutions in Africa while Nubi got the grant for African Research Network for Urbanisation and Habitable …

Nigeria, others, to attract $103b gas investment in 2019

August 22, 2019 9:51 pm

Nigeria, Egypt, South Africa, Mozambique, Senegal, and Mauritania have been identified as African countries that will spur investment in Liquefied Natural Gas (LNG) on the continent to about $103 billion this year.

Holding about 7.1 per cent of proven global gas reserves, a report yesterday, from the 5th Gas Summit in Malabo, Equatorial Guinea, said the continent will contribute nearly 10 per cent of global LNG production growth through to 2024.

It added that on the demand side, Africa’s large, urbanised and industrialised societies of the future would require reliable and sustainable power generation.Citing greenfield investments in Nigeria, Egypt, Mozambique, …

Police arraign two for allegedly stealing bags of biscuits

Cable, transformer theft to attract 10-year jail term

April 15, 2019 12:41 am

If the Senate adopts the recommendations of its Committee on Power, Steel Development and Metallurgy, the theft of electricity cable and transformer may attract 10-year jail term.

The committee also recommended a jail term of seven years or a fine of N2million or both if anyone connects or disconnects electric wire to, either the electricity meter or to the public power supply lines.

The 10-year jail term is without an option of fine for offenders.

The committee, which submitted its report last Thursday, recommended a jail term of 10 years, without an option of fine, if someone is found guilty …

FRSC: driving against traffic to attract psychiatric test

April 15, 2019 12:18 am

The Federal Road Safety Corps (FRSC) said any motorists caught creating additional lanes and or driving against traffic on the Lagos-lbadan Expressway will be booked for a psychiatric check.

FRSC Lagos State Sector Commander Mr. Hyginus Omeje, who stated this at the weekend in Lagos, said erring motorists would also have their vehicles impounded.

According to Omeje, one of the causes of the constant gridlock on the road is impatience and lane abuse by most road users.

He said: “A good assessment of the road, which I have done severally, revealed that there is nothing wrong with the road. But …