Company Income Tax (CIT) recorded N124.71 billion decline from N472.52 billion in quarter three, 2021 to N347.81 billion in quarter four, the National Bureau of Statistics (NBS), said. The Bureau said this in its “Company Income Tax (CIT) Quarter Four, 2021” data obtained from its website on Thursday. It also said that on a year-on-year […]
Stocks plunged and oil prices surged by more than $5 per barrel Thursday after President Vladimir Putin launched military action in Ukraine, prompting Washington and Europe to vow sanctions on Moscow that may roil the global economy. Market benchmarks in Europe and Asia fell by as much as 4% as traders tried to figure out […]
The trial of a former Goldman Sachs banker who allegedly siphoned millions of dollars from Malaysia’s beleaguered 1MDB sovereign wealth fund has been paused in the US, because of an “inexcusable” blunder by prosecutors. Prosecutors admit they did not share more than 15,500 documents with the defence lawyers representing Roger Ng. These relate to their […]
The Chief of Defence Staff (CDS), Gen. Lucky Irabor, says there is no local government area in Nigeria under the control of Boko Haram and Islamic State West Africa Province (ISWAP) terrorists. Irabor said this at the 21st Century Chronicle Roundtable with the theme: “Going for Broke: Fighting Insecurity in Nigeria”, on Wednesday in Abuja. […]
South African Nkosana Makate’s 14-year court battle against a huge corporate opponent is testimony to the idea that it is sometimes worth fighting on as he is now in line for a big pay out, writes the BBC’s Pumza Fihlani. Mr Makate chooses his words carefully as if the years of working with lawyers has […]
Major gas exporting nations said Tuesday they could not guarantee prices or supplies at a summit overshadowed by the worsening Ukraine crisis which has pushed costs to record highs in Europe. Qatar’s emir, who hosted the talks, said gas producers were working to ensure “credible and reliable” supplies, on the same day as Europe’s concerns […]
By Kingsley Okoye First Lady Aisha Buhari on Wednesday, was at the Senate to witness the laying of the report of the Senate Committee on Constitution Review. The President’s wife was accompanied by the Minister of Women Affairs, Pauline Tallen, the Minister of Finance, Zainab Ahmed and a delegation of Nigerian women. Senate President Ahmad […]
Oil and gas prices climbed on Tuesday on fears the Ukraine-Russia crisis will disrupt supplies across the world. The price of Brent crude oil, an international benchmark, touched a seven-year high of more than $99 (£73) a barrel after President Vladimir Putin ordered troops into Ukraine’s east. But prices later moderated, despite Western countries responding […]
Bitcoin and other major cryptocurrencies have been feeling the heat this week as tensions between Russia and Ukraine escalate and investors shun riskier assets. On Tuesday, bitcoin was trading at $36,649 at 2:30 a.m. ET, falling nearly 6.5% in the last 24 hours, according to data from CoinDesk. The world’s most valuable cryptocurrency fell below […]
If Mafab Communications meets the February 24 deadline for the payment of the $273.6 million (N113.5 billion) 5G-auction fee, the Federal Government could get temporary relief from its revenue challenges, as an additional $557.2 million (N231.2 billion) would have been remitted to government’s coffers from the licensing regime. While it has been confirmed that MTN […]