President Bola Tinubu has approved the re-constitution of 15-member board of the Nigeria Extractive Industries Transparency Initiative’s (NEITI’s) National Stakeholders’ Working Group (NSWG). The Executive Secretary/Chief Executive Officer of NEITI, Orji Ogbonnaya Orji, who gave this hint during a media chat on Wednesday, said the Secretary to the Government of the Federation (SGF), Sen. George Akume, was […]
The Corporate Affairs Commission (CAC) has revoked the certificates of incorporation of NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited. The revocation of the affected entities’ registration certificates was sequel to the discovery of an alleged illegal transfer of N10 billion in restructuring funds released by the Federal Ministry of Finance […]
In furtherance of its sustained drive to digitalize revenue collections at the federal level, the Federal Inland Revenue Service (FIRS) has introduced a self-registration module on the Tax-Pro Max platform. The revenue agency, in a public notice signed by its Executive Chairman, Dr. Zacch Adedeji, indicated that the initiative was part of reforms towards improving […]
The Central Bank of Nigeria (CBN) on Wednesday aligned its position with the Corporate Affairs Commission’s (CAC’s) that all agents within the Fintech mobile payment cluster were under obligation to register their businesses. The CAC had previously directed that all Fintechs must register with the CAC before commencing business in line with the express provisions […]
… To Inaugurate Fashion Hub, Adire Shared Facility in Ogun The Vice President, Kashim Shettima, will on Tuesday declare open the Expanded National Micro, Small and Medium Enterprises (MSMEs) Business Clinics in Abeokuta, Ogun State, as part of the activities lined up for his one-day visit to the state. The Expanded National MSMEs Business Clinic […]
The Federal Government has set up three funds with a total value of N200 billion for disbursement to micro, small, and medium-sized enterprises (MSMEs) and Nano business owners nationwide. By description, Nano business is a form of business without a formalized strategic business plan or short-term plan and without any expansion projection . The funding […]
The Corporate Affairs Commission (CAC) has stated that it would delist 91,843 companies from its registry following their failure to file their annual returns as and when due in line with regulatory requirements. The current list of the affected entities, published on the commission’s website, showed a reduction of 2,738 companies from the initial 94,581 […]
The Corporate Affairs Commission (CAC) and Federal Inland Revenue Service (FIRS) have agreed to reinvigorate their existing collaboration towards fulfilling their statutory roles. The two agencies indicated this laudable plan on Wednesday during a visit by the CAC Registrar General/CEO, Hussaini Ishaq Magaji, to the FIRS Executive Chairman, Mr. Zacch Adedeji, at Revenue House in […]
The Federal Government, in collaboration with key MSME-focused agencies and development finance institutions, has unveiled plans to introduce some interventions targeted at 1.3 million MSMEs in 17 states and the Federal Capital Territory (FCTI in its drive towards job creation and improving the performance of the non-oil sector of the economy. The proposed initiative, which […]
The Senate on Thursday flawed the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC’s) revocation of the Atala Marginal oil field (OML 46) licence in February 2020 and directed the commission to re-allocate the oil field to the original owners as earlier directed by the Presidency. The resolution of the Red Chamber was sequel to the recommendations […]