By Oludare Mayowa President Muhammadu Buhari on Thursday appointed the pioneer Director-General of the Pension Commission, Muhammad Ahmad to lead the board of the Transmission Company of Nigeria (TCN) and focus on recruiting a new managing director for the organisation. The president also reappointed Hadiza Bala Usman as Managing Director of Nigerian Ports Authority (NPA), […]
Read MoreThe Federal Inland Revenue Services (FIRS) has been directed to plug all revenue leakages by ensuring strict compliance of tax payments by foreign companies operating in Nigeria, urging the deployment of more digital platforms and seamless connections. President Muhammadu Buhari, who gave the directive on Thursday also ordered all government agencies to automate operations and ensure […]
Read MoreNigeria currently has about 6.95 million children out of school by the end of 2019, representing a decline from 10.1 million previously, according to the minister of Education, Adamu Adamu. Adamu, who spoke at the annual Ministerial press briefing on the ministry’s activities in 2020, attributed the development to the number of measures undertaken by […]
Read MoreAlmost 9 million people in Britain had to borrow more money by the end of last year to help them through the lockdown that was imposed to contain the spread of coronavirus pandemic; according to new figures that show widening gaps between the rich and the poor. The government data also showed self-employed workers were […]
Read MoreBy Samuel Bankole Nigeria may henceforth connect citizens’ National Identification Number (NIN) to their major financial related activities ranging from Vehicle registration, investments and purchases in a bid to grow its tax database and curb tax evasion. A panelist at the ongoing national tax dialogue in Abuja, Taiwo Oyedele said the country could generate and […]
Read MoreBy Samuel Bankole Nigeria’s second biggest cement producer by volume, Lafarge Africa on Thursday said it plans to divest its 35 percent stake in Continental Blue Investment Ghana. In a regulatory filing to the Nigerian Stock Exchange (NSE), the decision toe divest from the Ghana based firm was taken at the meeting of Lafarge board […]
Read MoreMelanie Igbe’s restaurant hosted 50 people a day when it opened in Nigeria’s megacity Lagos a year ago, but fear of coronavirus has driven most diners away. However, Igbe believes, that more than the fear of the dreaded Covid-19, higher food inflation could have a bigger impact on the business. The price of basic ingredients […]
Read MoreThe cost of refiling a 12.5 kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 1.75 percent in December to N4,154.28 from N4,082.97 the previous month. According to the National Bureau of Statistics (NBS) report, the price of refining the 12.5 kg cylinder of cooking gas fell 0.52 percent year-on-year against the N4176.20 it […]
Read MoreItalian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition of an oilfield in Nigeria by Eni and Shell. The long-running graft case revolves around the purchase of the Nigerian OPL 245 offshore oil field in 2011 for […]
Read MoreThe newly inaugurated US President Joe Biden plans to begin immediately unwinding his predecessor’s policies on immigration, climate and other issues on Wednesday with at least 15 executive actions, including moves to reverse U.S. withdrawals from the Paris Agreement and the World Health Organization (WHO), and stop construction of a border wall. Biden began signing […]
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