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Alert: FIRS is launching a new Universal TIN that makes it even harder to avoid paying tax
The Chairman of the Joint Tax Board (JTB) and Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has disclosed that the tax agency is set to launch a new Tax Identification Number registration…
2018 farming: Nigeria’s agricultural performance improves in 8 areas – JSR report
The Joint Sector Review (JSR) has said that Nigeria’s agricultural sector showed eight institutional performance improvement in the Comprehensive African Agricultural Rural Development Programme…
SEC urges defunct Skye bank investors to claim dividends
The Securities and Exchange Commission, SEC, has again reiterated its earlier directives to shareholders of defunct Skye bank to claim their dividend payment. This the SEC said is part of its…
‘Intels owes Nigeria over $140m’ – NPA
The Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman, in this no-holds barred interview with Deputy Editor Olayinka Oyegbile and Ibrahim Apekhade Yusuf, speaks on her…
Uncertainty as CBN plans another banks’ recapitalization regime
History, they say, always repeats itself. This assertion proved true last Monday when the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, fired a warning shot to the banking…
ECOWAS Adopts ECO As Name Of Single Currency
The Authority of ECOWAS Heads of State and Government on Saturday adopted ECO as the name of the single currency to be issued in January 2020. The leaders at their 55th Ordinary Session in Abuja endorsed…
14 firms win bids to lift Nigeria’s oil in 2019/2020
No fewer than 14 local, regional and international oil companies that bid for the 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) contract have emerged successful, PREMIUM TIMES learnt.Although many of the…
CBN boosts retail FOREX market with $ 242.04m, CNY 32.3m
In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Friday injected about $242.04million into the retail Secondary Market…
Innoson To Sponsor The 2019 Edition Of Big Brother Naija
Innoson Vehicle Manufacturing, the Nigerian automobile manufacturer, in a twitter post announced that it will partner with Multi-Choice in this year’s edition of the Big Brother Naija (BBN) show. The…
JUST IN: Court orders Shell to pay $10 million to FIRS
The Federal High Court in Lagos, Southwest Nigeria on Friday ordered Shell Petroleum Development Company (SPDC) to pay the Federal Inland Revenue Service, FIRS, the sum of $10 million as unremitted…
How Nigeria’s IoD is getting involved in the Oando versus SEC battle
As part of its commitment to entrench good corporate governance in Nigeria, the Institute of Directors (IoD) Nigeria has established a panel to investigate the lingering dispute between the…
Airtel to list on NSE July 5
Airtel Africa will list its shares on the Nigerian Stock Exchange (NSE) on Friday, July 5, TheCable understands. The company listed its shares on the London Stock Exchange on Friday morning and is…
Uber to Launch Boat Taxi in Lagos
Global ride-hailing firm, Uber Technologies Inc. is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive…
Nigerian energy startup, Arnergy, raises $9m in Series A financing
Arnergy, a Nigerian energy startup, says it has raised $9 million in a Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for…
Airtel Africa to price London listing at bottom of range – Bookrunner
Airtel Africa Ltd’s planned initial public offering on the London Stock Exchange is expected to price at 80 pence, the bottom end of its indicated price range, one of the bookrunners handling the…
Why Airtel’s IPO is not for you
Airtel Nigeria Ltd has opened its much awaited Initial Public Offering in Nigeria. The third largest telecommunications company in Nigeria by subscriber base announced a few weeks back that it…
SEC opposes Oando’s plan to join suit filed by its top executives
The Securities and Exchange Commission (SEC), has disagreed with a motion filed by Oando Plc‘s to join in the suit filed by its Group Chief Executive Officer, Wale Tinubu and his Deputy Omamofe…
General TY Danjuma worth $1.2 billion, owns international hotels – Bloomberg
The United States-based financial data media house, Bloomberg, says a former Minister of Defence, Lt.Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn). This is the first time…
We will most likely change our name, says new Forte Oil CEO
Olumide Adeosun, chief executive officer, Forte Oil Plc, says the company will most likely undergo a name change to reflect its new structure. Adeosun spoke at a briefing to unveil strategies the…
Zainab Ahmed: FG to raise VAT to 7.5% by 2020
Zainab Ahmed, the former minister of finance, says the government has plans to raise value-added tax to 7.5% by 2020 from the present 5%. The former minister made this known on Tuesday while…
First Bank names Nigerian Senator, 204 others as ‘delinquent debtors’
Nigerian Senator, Abdullahi Adamu, and 240 other individuals have been named as delinquent debtors of First Bank Plc. An advertorial published by the bank in the Monday, June 24, 2019 edition…
New capital base for banks may rise to N230bn
There are indications that the new minimum capital base requirements for Nigeria’s banks would range between N35 billion and N230 billion going by the new position of the Central Bank of Nigeria, CBN.Yesterday, speaking…
Forte Oil’s majority shareholder to acquire fresh N22 billion worth of shares
Prudent Energy Services Limited, the new majority shareholder of Forte Oil Plc, is set to acquire fresh N22 billion worth of shares of the company. The public takeover bid, expected to be…
Oando seeks to join Tinubu’s suit against SEC
Oando Plc on Monday urged the Federal High Court in Lagos to join it in a suit filed by its Group Chief Executive Officer Wale Tinubu and his deputy Mr. Omamofe Boyo.against the Securities and Exchange…