News

VAT on contracts signed earlier than Feb.1 remains 5% – FEC

Ihesiulo Grace 12 March 2020 0

The Federal Executive Council (FEC) has resolved that Value-Added Tax (VAT) on contracts signed earlier than Feb.1 remains 5 per cent. Malam Garba Shehu, Senior Special Assistant, Media and Publicity to the President, briefed State House correspondents after FEC meeting presided over by

Sports

Serie A could shut down if player contracts coronavirus

Ihesiulo Grace 8 March 2020 0

The President of Italian Football Federation, Gabriele Gravina, has refused to rule out the suspension of Serie A if a player tests positive for the coronavirus. The Italian government has ordered all sports competitions to be played behind closed doors until April 3. This is part of the bid to control the spread of the […]

Featured Headlines

NDDC kicks off Audit, inaugurates Contracts’ Verification C’ttee

Ihesiulo Grace 13 January 2020 0

The Niger Delta Development Commission (NDDC) has inaugurated a 50-member Contracts’ Verification Committee to confirm and document projects and contracts in the nine Niger Delta states, as part of the process to redirect the Commission’s activities. Inaugurating the committee at the NDDC headquarters in Port Harcourt, the Acting Managing Director, Gbene Dr. Joi

News Nigeria

April deadline: Ebonyi Govt threatens to sack erring contractors in 13 LGAs

Ihesiulo Grace 8 April 2018 0

Ebonyi state government has threatened to revoke any of the contracts awarded for upgrading of the 13 General Hospitals in the Local Government Areas (L.G.As) should any of the contractors fail to complete the project at the end of this month. The Commissioner for Health, Dr. Daniel Umezurike disclosed this during the weekend on the […]

Headlines News Nigeria Oil & Gas

Kachikwu lied – NNPC

Ihesiulo Grace 9 October 2017 0

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr Mainkanti Baru, has claimed that the minister of state for petroleum, Dr Ibe Kachikwu, lied about not being involved in the contracting process. “Furthermore, contrary to the assertion of Dr. Kachikwu that he was never involved in the 2017/2018 contracting process for the […]

Law Opinion

Chronic disrespect for sanctity of contracts: An impediment to infrastructural development in Nigeria

Ihesiulo Grace 23 August 2017 0

The National Economic Council, Nigeria’s highest economic decision making body, rose from its meeting on September 22, 2016, with a battle plan to salvage the dwindling economic fortunes of the erstwhile biggest economy in Africa. Key among the resolutions reached were the sale of government assets and the adoption of infrastructure concession to tackle the […]