Business

The Lagos State Internal Revenue Service (LIRS) on Monday resumed sealing of companies and hospitality firms over unpaid consumption taxes, shutting 16 firms during tax law enforcement.The LIRS Director of Legal Services, Mr Seyi Alade,…

The Federation Accounts Allocation Committee (FAAC) has shared a total of ₦733.095 billion as June 2021 Federation Account Revenue to the Federal, States and Local Governments Councils.This was contained in a communiqué issued at the…

The National Economic Council (NEC) Thursday received and discussed the initial report of its Ad-Hoc Committee interfacing with the Nigeria National Petroleum Corporation (NNPC) on the complete deregulation of the…

The House of Representatives adopted pay-as-you-go and a price slash for DSTV and other cable satellite operators in the country.The House considered and approved recommendations of the Ad–hoc Committee on Non–Implementation of…

The Lagos State Government has invested N103 billon into the provision of infrastructure to provide downstream contracts for Micro, Small and Medium Enterprises (MSMEs), Gov Babajide Sanwo-Olu said on Tuesday.The governor made the…

Airline operators in the country must refund the full cost of travel tickets to passengers after a two-hour delay, the Federal Government has said.Minister of Aviation, Hadi Sirika, made this known on Thursday at the weekly…

China Railways Construction Corporation (CRCC) has offered to rehabilitate and construct a 560-kilometre standard gauge railway line for Ghana at $2 billion.This costs just $500 million more than the 156-kilometre Lagos-Ibadan railway…

The country’s external reserves maintained a downward trend as it lost $905.5m in June, figures obtained from the Central Bank of Nigeria showed on Thursday.According to the CBN’s data on the movement of reserves, the reserves…

*Says Dangote Not Happy With NNPC Proposed Stake AcquisitionGroup Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, on Tuesday, clarified no dime of Government funds will go into the…

 The Nigerian National Petroleum Corporation (NNPC) has said there was no plan to increase the official pump price of Premium Motor Spirit (PMS), otherwise known as petrol, from N162 in July. Group Managing Director…