Business

The 2021 Finance Bill must be tailored towards enabling an efficient tax system that works for every Nigerian. This was the position of the Federal Inland Revenue Service (FIRS) disclosed by its Executive Chairman, Muhammad Nami to journalists after a stakeholder engagement on the Finance Bill 2021, today at the …

Customers experience heavy traffic at a shopping mall as seen in a viral video, Newsextra24 reports. See video below. https://www.youtube.com/watch?v=d0D47UaTSUo

As 30 States Propose N8trn: Only Lagos, Rivers, Anambra Can Fund Budget ‘With Ease’ Many of the 36 states of the federation have increased their budget proposals for the year 2022 compared to what they spent in 2021…… Many of the 36 states of the federation have increased their budget …

Lagos State Safety Commission on Tuesday signed a Memorandum of Understanding, MoU, with The Manufacturers Association of Nigeria (MAN), Lagos State. In his address at the important and memorable event, the Director General of Lagos State Safety Commission, Mr. Lanre Mojola, intimated that the signing of the MoU had been …

•Governor tours project site, shows excitement at progress Barring any exigency, the 32-metric tons per hour Rice Mill being constructed by Lagos State Government in Imota area of Ikorodu division will start operations before end of first quarter in 2022. Governor Babajide Sanwo-Olu gave this assurance after touring the project …

The Nigerian government has responded to the UAEs ban on multiple flights to the UAE from Nigeria’s Air Peace. As a result, the government has also rescinded the previous approval of 21 flights to Nigeria weekly (Abuja and Lagos), down to once per week. Likely due to the fact that …

Air Peace Takes Delivery of Fifth Brand New Embraer 195-E2 Aircraft.

The Federal Government has said the Siemens AG power project which plans to grow Nigeria’s power delivery to 25,000 megawatts will be revived in the first quarter of 2021. The Minister of Power, Abubakar Aliyu, said on Thursday that the German firm, Siemens AG, would begin operations in Nigeria soon …

Nigeria recorded a negative trade balance of N8.9tn, between January and September, 2021, data from the National Bureau of Statistics have shown. Within this period, total foreign trade stood at N35.09tn, comprising N22tn imports and N13.1tn exports, leading to N8.9tn trade deficit. A breakdown of the trade data by quarters …

India to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail The country wishes to see all crypto activities take place on platforms regulated by SEBI. On Tuesday, BloombergQuint (Bloomberg India) reported that the penalty for non-compliance with the Indian government’s crypto …