The Lagos State Internal Revenue Service (LIRS) has issued a reminder to all employers of labour in the state to submit their annual tax returns on or before the stipulated deadline of January 31, 2024, in accordance with applicable tax legislation. The Executive Chairman of the Service, Mr. Ayodele Subair, who conveyed this reminder in […]
The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit of N2.548 trillion in 2022, which is the highest return on its investment since commenced operations in 1977. The profit as reflected in the company’s ‘2022 Financial Performance Report’ posted online represented a 277.8% increase over the N674.1 billion profit recorded in the 2021 […]
…..Announces New CEOs For Lenders The apex bank’s Acting Director, Corporate Communications, Mrs. Sidi Ali Hakama, in a statement on Wednesday indicated that the dissolution of the deposit money banks’ boards and management became necessary due to the non-compliance of the affected banks and their respective boards with the provisions of Section 12(c), (f), […]
President Bola Tinubu has signed the N2.2 trillion supplementary budget for 2023, which will be concurrently implemented with the 2024 budget until March this year. The Speaker of the House of Representatives, Hon. Tajudeen Abbas, who made this disclosure during a media chat at the Presidential Villa on Monday, said that already the President had […]
The Civil Society Legislative Advocacy Centre (CISLAC), and Transparency International (TI), France chapter, have urged the French Government and the Federal Government of Nigeria to uphold assets recovery laws with a view to facilitating timely of the $150 million looted by erstwhile Nigerian Head of State, Late Gen. Sani Abacha, from France. A statement co-signed […]
Lagos State governor, Mr. Babajide Sanwo-Olu, has said the current tax revenue being generated by the Lagos State Government is too low to government’s actual projection and the state’s tax revenue potential. The governor, who made this remark when he hosted members of Presidential Committee on Fiscal Policy and Tax Reforms, led by the Chairman, […]
The Organization of Petroleum Exporting Countries (OPEC) has retained its oil market forecast in 2023 for 2024 amid forecasts by analysts of bright economic outlook. In its Monthly Oil Market Report (MOMR) released on Wednesday, the oil cartel maintained that for 2024, world oil demand would grow at 2.2 million barrels per day (b/pd), for […]
The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday told lawmakers in the National Assembly that the projections on crude oil production and price benchmark used for the 2024 budget computation were realizable. The Group Chief Executive Officer (GCEO) of the company, Mr. Mele Kyari, gave the assurance on Wednesday during an interactive session with […]
….Targets N298.4Bn Revenue The Bureau of Public Enterprises (BPE) on Tuesday hinted of its intention to sell remaining 40% shares of the Federal Government in electricity distribution companies (DisCos) and offer for listing other enterprises on the capital market in 2024. The Director-General of the Bureau Mr Alex Okoh, who made this disclosure this […]
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 […]