The Federal Inland Revenue Service (FIRS) has stated that it achieved over a hundred percent of its collection target for the year 2021, despite the global economic challenges occasioned by the Coronavirus pandemic, as well as the disruption of business activities in 2020 by nationwide protests. “Notwithstanding the limitations faced …
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B & Q Dredging Limited has disclosed that with the success recorded by the company from its operations in the Second Niger Bridge project in Anambra/Delta state, Elegushi, and Eletu axis in creating a new city in Nigeria’s commercial center Lagos, it is ready for expansion into newer markets. Its …
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Nigeria’s giant new Dangote oil refinery will start processing crude in the third quarter of this year. Mechanical work on the refinery is complete and “hopefully before the end of third quarter we should be in the market,” Aliko Dangote, chairman of Dangote Industries Limited, said in a briefing at the …
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Aliko Dangote recorded a boost of as much as $1.3 billion in his fortune in the year to January 21, a period that was a blessing to investment for shareholders of his cement firm, Dangote Cement Plc. At $20.4 billion according to Bloomberg’s Billionaires Index on Friday, the wealth of …
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The city of Lagos now has the fastest trains in Africa – with a top speed of 330km/h – which it recently acquired as part of its plans to launch the Red Line metro project, a 37-kilometre intracity railway system. The 330km/h trains were acquired by the Lagos State Governor, …
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The Central Bank of Nigeria has said that all import and export operations will require the submission of an electronic invoice authenticated by the authorised dealer banks on the Nigeria single-window portal – Trade Monitoring System effective from February 1. The CBN disclosed this in a circular signed by the …
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Traders and artisans in Awka, the Anambra State capital are lamenting the effects of the sit-at-home order by the banned Indigenous People of Biafra (IPOB) saying it is destroying the economy of the South East. According to them, since the commencement of the sit-at-home, they hardly meet their family needs …
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HallowMace Communications Ltd owners of HallowMace and operators of HallowMace Magazine and News Online and HallowMace On Radio/Tv has secured a license to set up an FM radio broadcasting station in station Warri and Abuja from National Broadcasting Commission, NBC. The approval was conveyed in a letter dated September 23, …
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The Federal Inland Revenue Service (FIRS) has stated that it will achieve 100% automation of all its tax administration processes with the aim of blocking revenue leakages thereby revolutionizing revenue generation in Nigeria. Calling for the cooperation of Nigerians to achieve this, the Executive Chairman of the FIRS, Muhammad Nami …
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The Federal Inland Revenue Service (FIRS) has disclosed why it developed a portal called Deposit Money Banks (DMBs). It said this was done as part of efforts to provide information of corporate customers’ transactions above ₦10 million and individuals above ₦5 million and this initiative was awarded the International Standard Organization …
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