The Federal Inland Revenue Service (FIRS) has announced plans to ensure that social media content creators and influencers in the country always file their annual tax returns. The Special Adviser on Media to the FIRS chairman, Dare Adekanmbi, who gave this hint, noted that the social media influencers constituted a significant group of tax evaders […]
The Nigerian Exchange Limited (NGX) has listed Ellah Lakes Plc’s 753,786,788 ordinary shares of 50 kobo each for Rights Issue on its Daily Official List. The Exchange, in its Weekly Report, indicated that the additional shares listed on NGX arose from Ellah Lakes’ Rights Issue of 1 billion ordinary shares of 50 Kobo each at […]
The Federal Government and the Central Bank of Nigeria (CBN) have debunked milling rumour being peddled by some media organisations that there were plans to convert $30 billion domiciliary deposits to Naira as part of measures to solve the foreign exchange (FX) supply shortfall and stabilize the Naira, saying the rumour is baseless. The Minister […]
The Central Bank of Nigeria (CBN) has introduced new Cash Reserve Requirements (CRR) for deposit money banks (DMBs) in the country in furtherance of its current drive to eliminate all abuses in the banking system, including those associated with foreign exchange (FX) transactions in the markets. With the latest requirements, the daily Cash Reserve Requirement […]
The National Agency for Science and Engineering Infrastructure (NASENI) has expressed its readiness to held refurbish and revamp redundant operational assets of the Nigerian Police Force (NPF) such as vehicles, helicopters, confiscated and forfeited vehicles. The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NASENI, Mr. Khalil Halilu, said this initiatives was part of […]
The Minister of Steel Development, Prince Shuaibu Audu, has hinted of plans by the Federal Government on a three-year roadmap designed to fully reactivate the ailing Ajaokuta Steel Company to ensure that the billions of Naira invested in it are not wasted. The minister, who disclosed this at the weekend during a media briefing in […]
Airtel Africa, one of the leading telecommunication services providers in Africa, has announced plans to buy back $100 million worth of its share from the Nigerian investment market from March this year The company, listed on the Nigerian Exchange (NGX), gave this hint on Thursday as it announced its 9-month financial report for the period […]
The Minister of Solid Minerals Development, Mr. Dele Alake, on Thursday said the Federal Government was yet to recover over N2 trillion debt from miners in the industry. The minister made this disclosure during his meeting with Licensed Minerals Holders and Laterite/Sand Operators Dealers in Kaduna State. Alake, who was represented at the meeting by […]
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has disclosed that about 81% of employed Nigerians are not in any productive sector of the economy. Oyedele, who gave this figure on Thursday at an Africa Trade and Investment Summit, said that while the unemployment rate in Nigeria remained […]
Ogun State Governor, Prince Dapo Abiodun, has inaugurated a 12-man committee of Ogun Invest Ambassador Network to create a robust and seamless working relationship between government and investors, for businesses to thrive. Abiodun, during the inauguration and orientation course for the ambassadors, at Ogun Invest Office, Isheri, in Ifo Local Government Area of the state, […]