MultiChoice Nigeria and the Federal Inland Revenue Service (FIRS) have agreed to settle the pending dispute over the company’s tax liability outside court. Part of the agreements reached requires the company to withdraw all pending lawsuits, while FIRS will now conduct a forensic system of the company’s accounts. A statement jointly signed by the parties […]
The Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta, has said that current efforts of the commission to facilitate deployment of the Fifth Generation (5G) technology will further catalyze the innovativeness and creativity of the entertainment industry in Nigeria. Danbatta, who stated this in a keynote address […]
The Central Bank of Nigeria (CBN) has initiated a scheme to support Nigerians in tertiary institutions with a N500 million grant to promote entrepreneurship and reduce unemployment. The apex bank made the disclosure in a report published on Wednesday with the title ‘Guidelines for the implementation of tertiary institutions entrepreneurship scheme’. Specifically, it stated that […]
Fearless energy drink, from the stables of Rite Foods, has extended its positive energy to an admirable status with the sponsorship of this year’s Felabration. The event was organized to commemorate the Late Afrobeat King, Fela Anikulapo-Kuti, who was presented a posthumous award, as Africa’s foremost talent with positive energy, a creative genius, intentionally different […]
China’s video game regulator has directed that online gamers under the age of 18 will only be allowed to play for an hour on Fridays, weekends and holidays. A news report by BBC.com indicated that the National Press and Publication Administration told state-run news agency Xinhua that game-playing would be only allowed between 8pm to […]
Barely 24 hours after Tax Appeal Tribunal (TAT) Lagos directed it to pay N900 billion (about $2.2 billion) which is 50 percent of a disputed N1.8 trillion ($4.38 billion) outstanding tax liabilities to the Federal Government relating to its previous years’ operations, MultiChoice Nigeria Limited has countered the order. The company, which is a division […]
The Tax Appeal Tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited, DSTV and other TV entertainment services provider, to pay N900 billion tax arrears being the 50 percent of the company’s N1.8 trillion the tax arrears as demanded by the Federal Inland Revenue Service (FIRS) based on its forensic audit on the entity’s […]
Nigeria’s most celebrated woman athlete, Blessing Okagbare, has been provisionally suspended from the ongoing Tokyo Olympics competition for failing doping test. Okagbare’s suspension was announced by the Athletics Integrity Unit (AIU) a few hours she was billed to participate in today’s semi-finals of the women’s 100 metres at the Olympics. The AIU stated that the […]
The Central Bank of Nigeria (CBN) has disbursed over N2.46 trillion to beneficiaries of its sundry intervention programmes in the past few years, with agricultural, manufacturing and health sectors accounting for the largest chunk of the funding supports. For instance, while the apex bank has disbursed a total of N756.51bn to over 3.7 million farmers […]
Ibadan Golf Club has commended Heritage Bank Plc for its continued support for Nigeria sports’ sector, especially by backing the Club’s 30th anniversary event. In a speech during the grand finale of the 30th anniversary of the club, the Captain of the Ibadan Golf Club, Mr. Oladiran Ibironke, commended one of Nigeria’s most vibrant financial […]