Officials from the Enforcement Department of the Federal Inland Revenue Service (FIRS) has sealed the office of Punz Limited, located at the Lekki Shopping Plaza, Lagos over tax debts of N20, 066, 940. The figure is for accrued debts in company income tax and VAT, after assessment from 2009 to 2013. Mrs. Anita Erinne, the […]
The Department of State Services (DSS) on Friday arrested the Managing Director of Capital Oil and Gas Limited, Mr. Ifeanyi Ubah, over what it described as economic sabotage, including stealing, diversion and illegal sale of petroleum products, belonging to the Nigerian National Petroleum Corporation (NNPC). The agency has also accused Ubah of undermining the country […]
The World Bank says it will provide the required technical support to ensure the implementation of the Infrastructure Concession Regulatory Commission’s (ICRC) disclosure projects. Ms Shynama Shukla, the bank Senior Public Private Partnership (PPP) Specialist, disclosed this during ICRC Contract Disclosure Forum at the weekend in Abuja. Shukla said that the bank was already providing […]
The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Memorandum of Understanding (MoU) between the National Council for Arts and Culture (NCAC) and the Bank of Industry (BoI), which makes available 300 million Naira loan for stakeholders in the Creative Industry, will create 200,000 jobs in the Sector. The Minister said this […]
The Lagos State Government on Friday said it had, through its Lands Bureau, paid the sum of N2.22 billion as compensation to individuals and groups whose properties were affected by key projects in the state in the last one year. The Special Adviser to Gov. Akinwunmi Ambode on Urban Development, Mrs Yetunde Onabule said this […]
Leading African financial institution, the United Bank for Africa (UBA) Group, has introduced a full-fledged banking platform tagged UBA Magic Banking and enabled by dialling *919# within Nigeria. The USSD code *919# enables customers to do a multitude of tasks such as: open UBA accounts, transfer funds to UBA and other banks, buy airtime, pay […]
The federal government has appointed advisers to help it set up a national airline and develop its aviation infrastructure – currently seen as a barrier to economic growth – to create a hub for West Africa, the Minister of State for Aviation, Hadi Sirika, said on Wednesday. Sirika said a group of six firms including […]
The Securities and Exchange Commission, SEC, has announced the dissolution of the board of Ikeja Hotels Plc due to unresolved internal crisis involving some majority shareholders of the company. The commission said in a statement that the measure became necessary in order not to allow the warring parties take certain actions that would give them […]
The Council for the Regulation of Engineering in Nigeria (COREN) has lamented that Nigeria loses over N900 billion to foreign artisans and technicians due to shortage of Technical Education Manpower. Engr Kashim Ali, President COREN who spoke on Thursday in Abuja at a stakeholders meeting on the state of technical colleges in Nigeria, with the […]
Oil giant, Royal Dutch Shell, has announced plans to invest about 25 billion dollars this year in Nigeria and all its oil and gas operation across the world. Shell made the announcement in its first quarter 2017 financial results released on Thursday. The report revealed that Shell netted an income of 2.2 billion dollars and […]