Amid the increasingly worrisome insecurity rate in the country, the House of Representatives on Monday hinted about plans to legalize the use of Indian hemp based on what it termed its potential economic benefits to the country. The Green Chamber’s spokesperson, Hon. Benjamin Okezie Kalu, gave this hint during a press conference held in Akure, […]
Indications that the nation’s economy is gaining productive traction have emerged with the Company Income Tax (CIT) collections rising to N392.77billion in the first quarter this year, representing 32.84 percent year-on-year (YoY) increase over collections in the corresponding quarter of last year. The latest Company Income Tax By Sectors (Q1, 2021) just published by the […]
The European Union (EU) and the United States (U.S.) Government have agreed to a partial truce in a dispute over metal tariffs imposed by the immediate past president, Donald Trump and to open discussions on global over-capacity and China’s “trade-distorting” policies. A news report by Reuters quoted the European Commission, which oversees EU trade policy, […]
The Chartered Institute of Bankers of Nigeria (CIBN) reported that it handled 67 petitions lodged by depositors against banks with their claims amounting to N11.7 billion in the 2020 financial year. The professional body, which stated this in its 2020 Annual Report sourced by our correspondent at the weekend, indicated that out of the cases, […]
President Joe Biden’s campaign promise to crack down on tax-evading multinationals and recent call for a global minimum corporate tax rate has continued to elicit reactions from major players in the global economic space as some fear that President Biden’s plan may hinder developing economies’ Covid-19 recovery. The President had in April, as part of […]
The Nigerian National Petroleum Corporation (NNPC) has approved 26 foreign and Nigerian companies and 12 countries to lift the country’s crude oil within the next two years. The crude oil lifting term contracts which are expected to run from 2021 through 2023, would operate on a Government-to-Government (G2G) basis and allow selected companies and countries […]
The Executive Chairman of Edo State Internal Revenue Service (EIRS), Mr. Igbinidu Inneh, has warned traders’ associations in the state on illegal collection of revenues. The EIRS boss in a statement issued on Sunday by the Service’s Head, Corporate Communications Unit, Mr Eboigbe Courage, gave the warning during a meeting with members of Electronics and […]
The minority caucus of the House of Representatives on Monday has called on the Federal Government to immediately commence full investigation of an alleged misappropriation of over N165 billion of operating surplus and the diversion of billions of Naira by the suspended Managing Director of Nigeria Ports Authority (NPA), Hadiza Bala Usman, and her top […]
TECNO, one the world’s leading smartphone brand, has added a new phone to its CAMON series with the launch of the TECNO CAMON 17 Pro smartphone, featuring a documentary event with the title ‘Rise of The Selfie’ to fulfil the young generation’s needs functionally, socially and emotionally. A news report by African Press Organization (APO) […]
Heritage Bank, in collaboration with Dukia Gold and Precious Metals Refining Co. Limited, has unveiled plans to unlock the over N344 trillion market worth of gold investible instruments in the solid minerals sector with the concluded plans of being listed on the Lagos Commodities and Futures Exchange (LCFE). The investment move, which was disclosed weekend […]