The Bayelsa Board of Internal Revenue (BIR), on Friday sealed off the Bayelsa office of Niger Delta Development Commission (NDDC), over alleged non-remittance of N336million Pay As You Earn (PAYE) tax liability. The BIR enforcement team served a court order on the staff before they ordered them to leave their offices. The Director of Compliance, […]
Four Arab states boycotting Qatar over alleged support for terrorism on Friday sent Doha a list of 13 demands including closing Al Jazeera television and reducing ties to their regional adversary Iran. Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain, on June 5, cut economic, diplomatic and travel ties to Doha. An official […]
The Delta Government has signed a $20 million Memorandum of Understanding (MoU) with Norsworthy Investment, a private firm, for the cultivation of 3,000 acres of oil palm and processing plant project. The project which would be sited at Akwukwu-Igbo in Oshimili North Local Government Area of the state, was signed in Asaba on Thursday by […]
Embattled telecommunications service provider, Etisalat has refuted some of the claims in the media concerning the $1.2 billion loan it collected from a consortium of 13 banks. The telco said that contrary to reports, it has cleared almost half of the $1.2 billion loan. A statement from the company signed by the Vice President, Regulatory […]
Diageo Plc agreed to acquire fast-growing tequila brand Casamigos, co-founded four years ago by Clooney, for as much as $1 billion. The deal expands the London-based distiller’s lineup in a fast-growing category, where it already owns the Don Julio, DeLeon and Peligroso brands. The purchase will be Diageo’s biggest since its $3.2 billion acquisition of […]
13 banks involved in Etisalat Nigeria’s $1.2 billion loan may be seeking Federal Government’s intervention to investigate the management. A management source close to the banks told the News Agency of Nigeria (NAN) in Lagos that the banks wanted the government, through the EFCC, to wade into the matter by investigating what the company did […]
An appeal has been sent to the Federal Government to pay the outstanding fuel subsidy claims. The Major Oil Marketers Association of Nigeria (MOMAN) who made the appeal said the idea is for its members to pay back their bank loans. The Executive Secretary of the association, Mr Obafemi Olawore, made the plea in an […]
Co-founder and Chief Executive of Uber Inc, Travis Kalanick, resigned his position Tuesday under mounting pressure from investors over his leadership. Kalanick’s departure caps a tumultuous period for the world’s largest ride-services company, which upended the taxi industry and transportation regulations globally with Kalanick at the helm. “I love Uber more than anything in the […]
About 100 youth is set to be trained in sewing, garment making and management consultant. Joseph Ari, the Director-General, Industrial Training Fund (ITF) said this in Abuja at the opening of the first batch of the “20 Train the Trainees’’ workshop. He said the fund was emulating the Brazilian model which uses mobile workshop to […]
Embattled Etisalat Nigeria, a telecom giant, may get respite as key institutions are reported to be finding a solution to its financial predicament. The company has not been able to meet its financial obligation to 10 consortium of banks, necessitating a change in shareholding. Therefore, a meeting between the officials of Etisalat Nigeria, Nigerian Communications […]