By JOY ADARA, Abuja – To increase voluntary tax compliance, the management of the Federal Inland Revenue Service (FIRS) has introduced “Self-Service Stations” where taxpayers can file tax returns, pay taxes, apply for and validate Tax Clearance Certificates among other services, by themselves on online platforms located in FIRS...
BUSINESS
The President, Cocoa Farmers Association of Nigeria (CFAN), Mr Adeola Adegoke, has disclosed that Nigeria loses N60 billion annually to non-collection of Living Income Differential(LID). The money is meant to support small holder farmers. Adegoke disclosed this on Thursday in Abuja on the sideline of a workshop which was...
The Central Bank of Nigeria has announced that it would stop the sale of foreign exchange to banks by the end of the year. CBN Governor, Godwin Emefiele, said the banks must begin to source their forex from export proceeds. “The era is coming to an end when, because...
By TENEBE ANTHONIA, Lagos – Lagos State Governor Babajide Sanwo-Olu has said the state government will explore capital raising via Nigerian Exchange Limited (NGX) to fund infrastructure projects through Equities, Green, Sukuk, and Blue Bonds. Governor Sanwo-Olu further expressed confidence in the opportunities available in the capital market and...
By JOY ADARA, Abuja – The mass media, whether print, broadcast, online, or other specialised genres, will remain central and strategic stakeholders to the Nigerian Communications Commission (NCC) in its commitment to delivering on its regulatory mandates as enshrined in the Nigerian Communications Act (NCA) 2003 and other policy...
Google on Wednesday announced that 5,000 small and medium enterprises (SMEs) and entrepreneurs in Nigeria, Kenya and South Africa would be receiving free training through the newly launched Hustle Academy. Teju Abisoye, Executive Secretary, Lagos State Employment Trust Fund, said in a statement that the training would help their...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021 as against $191.26million in July 2021. A breakdown of the figures captured in the August 2021 NNPC Monthly Financial and Operations Report...
By JOY ADARA, Abuja – Jaiz Bank Plc, the Premier Non-Interest Bank in Nigeria has released its unaudited financial results for the period ended 31 December 2021. The results as released to the Nigerian Exchange Group, showed a 37.17% growth in Profit Before Tax (PBT), from N3.07 billion in...
By EZEKIEL OBI, Abuja – The National Council on Privatisation (NCP) has granted approval to Orbit Exploration and Natural Products Limited (OENPL) to take over the mineral titles of Ogboyega North and South Coal Blocks, Mines number 769 & 772 ML from Western Metal Products Company (WEMPCO). A statement...
Google on Tuesday announced the expansion of its two-step verification (2SV) process auto enrolments for log-ins to enhance account security of its users and ensure safer Internet when online. This is in commemoration of the World’s Safer Internet Day to keep internet users safe online. The News Agency of...
Aviation industry’s Associations/Unions have suspended a nationwide industrial action billed to commence Feb. 8. Sen. Chris Ngige, Minister of Labour and Employment, said this while briefing newsmen at the end of a conciliation meeting in the early hours of Tuesday in Abuja. It will be recalled that the aviation...
In furtherance of its appreciation of customers, whilst promoting the adoption of mobile payment solutions in the country, FirstBank is rewarding holders and customers of its branded Visa Gold card in its ongoing Visa Gold card. The promo which will have over 300 Visa Gold cardholders rewarded during the...
The Federal Government has started moves to avert the impending nationwide strike by aviation workers. Sen. Chris Ngige, Minister of Labour and Employment, said this at a meeting with the officials of the Ministry of Aviation and the aviation workers unions on Monday in Abuja. It would be recalled...
The Nigeria National Petroleum Company (NNPC) Limited had a busy week following the award of honourary doctorate degree on its Group Managing Director (GMD) and Chief Executive Officer (CEO), Malam Mele Kyari. The award was bestowed on the awardee by Federal University of Technology (FUT), Minna. Other prominent Nigerians...
By JOY ADARA, Abuja – Leading energy company, Shell Nigeria Gas (SNG), has received accolades from industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for deliberate and active investment in Nigeria’s critical gas infrastructure to supply gas for powering industries in key locations in the country. The Chief...
By OLA MUDOPE, Lagos – Nigeria’s largest airline, Air Peace has announced its readiness to resume direct scheduled flights to Dubai, United Arab Emirates on March 1. The airline’s spokesperson, Mr Stanley Olisa, whi disclosed this in a statement on Friday in Lagos, said the airline was also set...
The NNPC Ltd. has commended Mohammad Barkindo, Secretary-General, Organisation of Petroleum Exporting Countries (OPEC) on the role he played in the formation of Declaration of Cooperation (DoC) between OPEC member countries and non-OPEC oil-producing countries. The NNPC gave the commendation on Thursday when OPEC Secretary-General, hosted a working lunch...
First Bank of Nigeria Ltd. says it will reward over 300 holders and customers of its branded Visa Gold card at the ongoing Visa Gold card campaign scheduled to end March 25. Mr Chuma Ezirim, the bank’s Group Executive, e-Business and Retail Products, said this in a statement made...
By EZEKIEL OBI, Abuja – The Federal Government has approved the resumption of scheduled passenger flights between Nigeria and the United Arab Emirates (UAE). The Director-General of Nigerian Civil Aviation Authority NCAA, Captain Musa Nuhu, disclosed this this in a communique issued on Wednesday. According to the communique: “Consequently,...
Dana Air has launched a valentine promo titled – ”Vibe for Love” to reward customers for their short trips to local attractions from February till mid- March, 2022. Mr Kingsley Ezenwa, the Media and Communications Manager of Dana Air, announced this in a statement on Wednesday in Lagos. Ezenwa...