The Federal Inland Revenue Service (FIRS) has threatened to sanction five companies for failure to file annual tax returns as and when due. The Service in a statement listed the allegedly erring companies as Blackbit Limited, Pay Day Lotteries Limited, Raytan Limited, New Gate Logistics Limited and Give N Take Lottery Limited. It stated: “The […]
The National Bureau of Statistics (NBS) has reported that the 36 states collected a total of N1.31 trillion as Internally Generated Revenue (IGR) in fiscal year 2020, representing about N200 billion drop from the N1.33 trillion revenue they collected in the preceding year. The Bureau in its just published report on internally generated revenue (IGR) […]
TAJBank, Nigeria’s most innovative non-interest bank, has announced the deployment of the NQR Payment solution, an indigenous Quick Response Code by NIBSS, for merchants and customers as the newest addition to its innovative e-business channels. The NQR Payment solution is a secure QR-code-based payments and collections platform developed for merchants and customers to receive and […]
The Federal Airports Authority of Nigeria (FAAN) on Monday urged air travellers, drivers and other airport users, particularly those at the General Aviation Terminal (GAT), Lagos, to strictly comply with laid down protocols on COVID-19 pandemic control to ensure safety of all airport users natiowide. The Authority, in a statement by its General Manager, Corporate […]
The National Agency for Food, Drug Administration and Control (NAFDAC) has warned Nigerians against adding chemicals and additives to food and drinks to enhance taste, stressing that such practices could result in severe illness and even death. The Director General of NAFDAC, Prof. Mojisola Adeyeye, in a statement signed by its Resident Media Consultant, Sayo […]
The Senate on Tuesday considered a bill seeking to empower the Asset Management Corporation of Nigeria (AMCON) on assets recovery and strengthen it against economic sabotage by debtors with unpaid loans to the tune of about N16 trillion. Specifically, the AMCON Amendment Bill 2021, which scaled second reading on the floor, was sponsored by Senator […]
WaterAid, an international not-for-profit organisation works in 28 countries to change the lives of the poorest and most marginalised people, has raised an alarm over the impact of climate change on people’s water supplies globally and called for urgent actions by national government to help the world’s poorest communities adjust to changing weather patterns. Specifically, […]
The Bank of Industry (BoI), under the auspices of Federal Ministry of Industry, Trade and Investment in conjunction with international partners, has concluded a $1 billion syndicated term loan deal to support Small and Medium Scale Enterprises (MSMEs) in the country. The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, gave this hint at […]
Key Federal Government agencies and top players in the nation’s telecommunications sector on Monday ended their meeting with a six-point measure to forestall future indebtedness and disruption of Unstructured Supplementary Service Data (USSD) services channel to bank customers nationwide. USSD is a critical channel for delivering financial services, particularly for the underserved and/or financially excluded. […]
The African Development Bank (AfDB) President, Dr. Akinwumi Adesina, and Professor Joseph Stiglitz have called for a quick and comprehensive plan for debt restructuring in Africa. Making the call at the launch of the AfDB’s 2021 edition of its annual African Economic Outlook, Adesina urged African governments to consider collectively establishing an African financial stabilization […]