archiveApril 17, 2019

  The Federal Executive Council (FEC) has approved the request to obtain a loan of $150 million from the African Development Bank (ADB) to finance the Nigerian Electrification Project. The Minister of Finance, Zainab Ahmed, disclosed this at the end of the meeting of the Council which was presided over...

The Nigeria’s equities market closed positive on Wednesday with the market All-Share Index (ASI) appreciating 0.76 per cent, to 29,970.86 points, driven by gains in bellwether stocks. Thus, the Month-to-Date and the Year-to-Date losses moderated to -3.45per cent and -4.64 per cent respectively. The Consumer Goods (+2.75%) and Insurance (+0.03%)...

Prof. Attahiru Jega, former Chairman of the Independent National Electoral Commission (INEC), has faulted the conduct of some university lecturers co-opted as adhoc staff by the Independent National Electoral Commission, INEC, during the last general elections. Speaking at the annual conference of the Fulbright Alumni Association of Nigeria at Bayero...

By Ifeatu Medidem, Senior Associate/Practice Manager, Olisa Agbakoba Legal   The Federal Inland Revenue Service (FIRS) recently issued Letters of Substitution, pursuant to Section 49 of the Companies Income Tax Act (CITA) 2004 and Section 31 of the Federal Inland Revenue Service Establishment Act (FIRSEA) 2007, to banks in Nigeria,...

  Ahead of the May 29 inauguration President Muhammadu Buhari’s second term, the Accountant-General of the Federation, Idris Ahmed; the Comptroller-General of the Nigeria Customs Service, Hameed Ali; the Executive Chairman  Federal Inland Revenue Service (FIRS), Tunde Fowler and 11 other heads of agencies under the Ministry of Finance have...

  The Federal Operations Unit, Zone ‘A’ Lagos of the Nigeria Customs Service, has intercepted a truckload of codeine syrup worth about N240 million. The DAF truck, with registration number: LSR 944 XF, contained 600 cartons of the syrup and was intercepted along the Mile 2-Oshodi expressway in Lagos. According...

  The Senate has passed seven of the at least 16 bills rejected so far this year by President Muhammadu Buhari. The bills are the Petroleum Industry Governance Bill (PIGB), National Institute for Hospitality and Tourism Bill, National Research and Innovation Council Bill, Stamp Duties Act (Amendment) Bill, National Agricultural...

  No fewer than 23 inmates of the Ikoyi Prisons School on Wednesday participated in the 2019 Unified Tertiary Matriculation Examination (UTME) by the Joint Admissions and Matriculation Board (JAMB). A News Agency of Nigeria (NAN) correspondent, who monitored the examination, reported that the inmates, who turned up early, also...

  About a month to the end of his tenure, the Minister of Labour and Employment, Dr. Chris Ngige, will on Thursday inaugurate the management board of the Nigeria Social Insurance Trust Fund, The PUNCH has learnt. The programme of events which was obtained by The Punch correspondent stated that...

  The Federal Government of Nigerian of Nigeria has declared Friday and Monday as a public holiday for this year’s Easter celebration. This was contained in a press statement by the Minister of Interior, Mr Abdulrahman Dambazau. The minister enjoined all Christians to emulate the exemplary attributes of Jesus Christ...