State governments have recorded a leap in their Internally Generated Revenue (IGR), from N800 billion in in 2016 to N1.16 trillion in 2018, which is some 46.11 per cent under four years, the Chairman, Joint Tax Board, JTB and Executive Chairman, Federal Inland Revenue Service (FIRS) Tunde Fowler has said. Also Nigeria’s tax database has […]
Category: Business News
State governments have recorded a leap in their Internally Generated Revenue (IGR), from N800 billion in in 2016 to N1.16 trillion in 2018, which is some 46.11 per cent under four years, the Chairman, Joint Tax Board, JTB and Executive Chairman, Federal Inland Revenue Service (FIRS) Tunde Fowler has said. Also Nigeria’s tax database has […]
Owen Omogiafo Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have congratulated the Board and management for the resilient performance achieved in 2019, despite the challenging environment. They welcomed the diversified earnings provided by the Group, Nigeria’s leading listed conglomerate, the largest power generator in Nigeria, operator of sub-Saharan Africa’s largest hotel and a growing […]
Buhari and Tinubu President Muhammadu Buhari on Tuesday said that the Federal Government would continue to encourage and facilitate Small and Medium Enterprises (SMEs) to promote made in Nigeria goods. Buhari, who gave the assurance at the 9th Bola Tinubu Colloquium in Lagos, said that this was part of his administration’s overall national economic policy. […]
Samsung executives have unveiled the Samsung Galaxy S20, a new series of flagship devices that fundamentally changes the way we capture and experience our world. The Galaxy S20 series introduces a brand-new camera architecture that combines AI with Samsung’s largest image sensor yet for stunning image quality. Along with the camera, the Galaxy S20 makes […]
The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased the ex-depot price of Premium Motor Spirit, popularly known as petrol, to N155.17 per litre from N147.67 per litre. The PPMC disclosed this in an intetnal memo dated November 11, 2020, and signed by Tijjani Ali. The memo […]
The Nigerian National Petroleum Corporation (NNPC) is looking to set up a $3.5-$5 billion cash-for-crude prepayment with some of the world’s top commodity traders to fund oil and gas upstream projects as well as related infrastructure, sources with direct knowledge of the matter said. Nigeria was hit hard by the sharp drop in global oil prices […]
The General Secretary, Nigeria Labour Congress (NLC), Dr Peter Eson-Ozo, has urged the Federal Government to develop a policy that will address the increasing rate of youth unemployment in Nigeria. Eson-Ozo made the call in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday. The International Labour Organisation (ILO) has predicted […]
The Independent Review Panel set up to investigate President of the African Development Bank, Akinwumi Adesina over alleged ethical wrongdoings has exonerated him. The Panel was set up by the Bureau of Governors of the Bank, following a complaint by the United States, seeking a review of the process by which two previous organs of […]
Multinational oil major, Eni (Nigerian Agip Oil Company) has said that it was not under obligation to know the destination of funds paid to Malabu Oil & Gas by the Nigerian Government in respect acquisition of Oil Prospecting Licence 245 (OPL245). OPL 245, according to Eni covers a defined deep-water offshore area (over 1,000 m […]