DashMe Foundation, founded by the former Minister of Finance, Mrs Kemi Adeosun, says the Federal Inland Revenue Service (FIRS) has certified corporate organisations’ donations to it as tax deductible. This is contained in a statement signed by Mr Tomisin Akinwunmi, the interim Chief Executive Officer of the charity organisation...
BUSINESS
By JOY ADARA, Abuja – The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, received its Tax Credit Certificate from the Federal Inland Revenue Service (FIRS), for the construction of the...
The Zambian Minister of Commerce and Industry, Mr Chipoka Mulenga, has urged the President of Dangote Group, Mr Aliko Dangote, to collaborate with the Zambian Government to develop its agricultural sector. Mulenga made the appeal during a Zambian team tour of the 3.00 million metric tonnes Dangote Fertiliser Plant...
The Acting Chairman, Federal Capital Territory Internal Revenue Service (FCT-IRS) Mr Haruna Abdullahi says the service is working hard to exceed its 2022 revenue target of N200 billion. He said this when he featured on the News Agency of Nigeria (NAN) Forum in Abuja. Abdullahi said the service was...
A 17-year-old boy in Kano State, Isah Auwal-Barde, has invented a robot that works with robotic exoskeleton remote control. Exoskeleton remote control is a system of controlling a robot by the person operating it through demonstration with parts of his body. Auwal-Barde told the News Agency of Nigeria (NAN)...
Chief Executive Officer of an aviation company, Mr Segun Adewale, has urged the Federal Government to expeditiously repatriate the 600 million dollars ticket revenue belonging to foreign airlines operating in the country. Adewale, also former Vice-Chairman, National Association of Nigerian Travel Agencies (NANTA) gave the charge in a statement...
By CALLISTUS OFFOR, Abuja – The Executive Vice Chairman/ CEO, Nigerian Communications Commission (NCC) Professor Umar Garba Danbatta has called on Nigerians to explore opportunities in the Digital Economy to eradicate poverty in the country. Professor Danbatta made the call on Thursday while addressing the 9th Lagos Public Relations...
With only about six months to next year’s General Elections in the country, three dominant issues have continued to engage the attention and concerns of many Nigerians. These are: the worsening security situation in the country, the economy and, the controversial Muslim-Muslim presidential ticket of the ruling All-Progressives Congress...
The Ambassador of Japan to Nigeria, Mr Matsunaga Kazuyoshi ,says that the annual bilateral trade volume between Nigeria and Japan stands at one billion dollars. Kazuyoshi said this at the 2nd Japan-Nigeria business facilitation council meeting on Friday in Abuja. The News Agency of Nigeria (NAN) reports that the...
By JOY ADARA, Abuja – The Bureau of Public Enterprises (BPE) will collaborate with Jindal Steel & Power Group (a leading world player in Steel, Mines and Infrastructure) in its areas of interest to invest in Nigeria, The Director General of the reform, concession and privatisation agency, Mr. Alex...
The Securities and Exchange Commission (SEC) has described ponzi scheme as “cancer” bedeviling effective operations of the capital market. The Director-General of SEC, Mr Lamido Yuguda, said this at a post Capital Market Committee (CMC) meeting press conference in Abuja on Friday. Yuguda said the commission had been fighting...
The National Bureau of Statistics (NBS), says the average retail price paid by consumers for Premium Motor Spirit (Petrol) increased to N190.01 in July 2022. This is according to the NBS Premium Motor Spirit (Petrol) Price Watch for July 2022 released in Abuja on Friday. The report said the...
The Minister of Finance, Zainab Ahmed, has put the projected daily payment for fuel subsidy at N18.39 billion. She stated this during an investigative hearing of the House ad hoc committee which is investigating the petroleum subsidy regime between 2017 to 2021. “The total amount of subsidy per day...
The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes and four billion Naira value of transactions since its inauguration in 2021. Mr Godwin Emefiele, the CBN Governor said this on Thursday in Abuja at the grand finale of the “eNaira Hackathon”. The News Agency of...
The Corporate Affairs Commission (CAC) says it is working toward offering two free automatic digital training for newly registered Small and Medium Enterprises (SMEs). The Registrar–General, CAC, Alhaji Garba Abubakar, said this when he received Mr Amu Ogbeide, the Group CEO of Sapphital, who paid him a courtesy visit...
By OLA MUDOPE, Lagos – Emirates Airline has announced the suspension of all flights to and from Nigeria on Sept. 1, following its inability to repatriate about 85 million dollars in revenue from the country. The decision according to the airline is to limit further losses and impact on...
Chief Executive Officer, FAE Envelopes, Mrs Layo Bakare-Okeowo, on Wednesday said that paper industry could equate oil revenue generation for Nigeria if revived and maximally exploited using backward integration policy. Bakare-Okeowo made the assertion at the company’s facility tour by the Lagos Chamber of Commerce and Industry (LCCI) and...
PATRICK ABANG, Calabar – The former Special Adviser to Governor Liyel Imoke of Cross River State, Nzan Ogbe has launched the first indigenous community platform tagged FacesofNaija App. Mr Ogbe, who is the Chief Executive Officer (CEO) and Chairmen of the company said the app came after two years...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) made a giant step towards tackling the disturbing issue of crude oil theft and damage to its operational pipelines and facilities. This giant stride marked the beginning of activities last week as the company introduced the “Crude Theft Monitoring Applications” to...
Unity Bank Plc, has deployed a new marketing campaign targeted at reaching millions of women entrepreneurs, especially the underbanked across Nigeria with its new retail product, the Yanga account. Divisional Head, Retail and SME, Unity Bank Plc, Mr Olufunwa Akinmade, in a statement on Tuesday in Lagos, said the...