The Lagos State Internal Revenue Service (LIRS) on Thursday said it generated more than N120 billion from taxation between January and June this year. Mr Tunde Fowler, the Executive Chairman of the agency stated that 90 per cent of the taxes were generated from the organised private sector and civil servants. Fowler said that the […]
United Bank for Africa (UBA) Plc has announced the introduction of a new product “U-Advance Card,” a payment card that allows workers who operate a salary account with UBA to get a credit advance ahead of payday. “The U-Advance Card is an internationally accepted card payment solution designed to address the salary account holders’ need […]
President Goodluck Jonathan has called for a stronger and more cooperative partnership between Nigeria and members of the Organization of Petroleum Exporting Countries (OPEC). The President made the call Thursday while speaking with the new ambassadors of Qatar and the United Arab Emirates (UAE), Messrs Mahmud Mohammed Mahmud Al-Mahumud and Abdul Aziz Bin Mubarak Seed […]
With a PayPal account tied to their Firstonline account, Firstbank customers can pay on millions of websites without sharing their credit card details. Accessibility, convenience, security, trust and cost effectiveness are key defining features of the partnership between First Bank of Nigeria Limited (FirstBank) and Pay Pal. This partnership was announced on Monday by the two […]
Africa’s richest person and the continent’s top donor Aliko Dangote has announced that he is upping his philanthropic works across Africa, starting from his home country Nigeria, a statement from the Group said. The Group which has made whooping donations across Africa said, “Africans must begin to take responsibilities by shaping the condition of its […]
Nigerians traveling by air within and outside the country are currently having nasty experience as the airline operators are battling with shortage supply of Jet – A1 – aircraft fuel. The development which started Monday lingered till Thursday. African Examiner Correspondent in Abuja observed that the development caused instability in the flight schedules, congestion in […]
By Eric Ojo The Nigerian government is set to kick-start a new financing scheme that will go a long way in helping Nigerians in buy brand new vehicles with less difficulty in terms of affordability. The new scheme, which will commence in the next four months, will make it possible for Nigerians to buy new […]
From Oyewale Oyelola The Nigerian Communications Commission (NCC) has attributed poor services by telecommunication service providers in Nigeria to multiple taxation. NCC Public Affairs Director, Tony Ojobo made this assertion on Thursday while speaking to Journalists in Abuja. According to him, “Many telecom base stations were shut down for tax related issues by government agencies. […]
-Urges SON Compel Manufacturers To Retool Their Plant The House of Representatives has upheld the use of 42.5mpa grade cement for standard construction works in the country, saying it was more durable and less susceptible to misapplication. The House, which adopted the report of the Hon. Yakubu Dogara (APC, Bauchi)-led committee which investigated the incidence […]
The Nigeria Sovereign Investment Authority (NSIA) has announced profit of N1.2bn from its investment on the Sovereign Wealth Fund (SWF) in the first quarter of the year. This is against N525m realized in the 15 month period, ended December 31, last year In what was considered a justification for creating wealth fund by the Federal […]
In its drive to ensure due compliance to the new guidelines regulating international money transfers, the Central Bank of Nigeria (CBN) has directed all international money transfers to be carried out in naira. The directive was contained a in 19-page document posted on the central bank website on Wednesday. The apex bank urged money transfer […]
The Bankers’ Committee has stated that it might be difficult for the Central Bank of Nigeria to achieve lower interest rates for the country owing to the current macroeconomic environment. The committee stated this at end 316th meeting of Bankers’ committee held at the headquarters of the CBN in Abuja on Tuesday. The committee noted […]
Delegates at the ongoing National Conference in Abuja have recommended to President Goodluck Jonathan to declare a state of emergency in the power sector. The recommendation was made while adopting the report of the conference committee on Energy. The conference similraly recommended that Federal Government should not leave power and energy to private sectors as […]
The Central Bank of Nigeria (CBN) has made good its fresh policy as it has ordered Banks to refund illegal fees charged customers in the last 12 months. The order was contained in a circular titled: ‘Implementation of the revised guide to bank charges -Commission on Turnover’, issued by the apex bank and signed by […]
Dangote Cement Plc has dismissed claims by some manufacturers of the Cement that the recent upward review of the quality standard by the Standard Organisation of Nigeria (SON) will lead to price increase The management of Dangote Cement allayed the fears of the consumers that the upgrade of cement quality and the new classification of […]
Oyewale Oyelola Mr. Chidi Onyeukwu Ajaegbu (FCA) has emerged as the 50th President of Institute of Chartered Accountants of Nigeria (ICAN). Ajaegbu before his election at special council meeting of the leading accounting regulatory body in Nigeria was the Vice President of the Institute. He will take the oath of office on Tuesday at the […]
Kayode Adelowokan In its determination to meet the highest global aviation safety standards, the management of Dana Air said that it has commenced preliminary preparation for the International Air Transport Association (IATA) Operational Safety Audit (IOSA). Towards achieving this, the airline has started an Implementation Training Initiative as part of the preliminary process to prepare […]
Managing Director, Medview Airlines, Alhaji Muneer Bankole, in this interview talk about how far the Nigeria aviation sector have gone in recent time but believes government needs to create enabling environment, reduce the payment of all taxes of agencies of government. KAYODE ADELOWOKAN, reports; As a non aviation person one of the fears I have […]
Kayode Adelowokan The Chief Executive Officer of Mish Aviation Flying School, Ghana, Captain Ibrahim Mshelia, has said that training professional aviators is a passion borne out of balancing the scales between African and European professionals as well as tackling the acute dearth of manpower in the airline industry. He made this known at the African […]
The establishment of Free Trading Zone at the Murtala Muhammed Airport Lagos by the National Aviation Handling Company (NAHCO) Plc would attract over $500 million investment to the nation’s economy within five years, the Chairman of the Company, Mallam Suleiman Yahyah has said. Speaking on Tuesday at the national executive council meeting of the Air […]
