archiveJuly 2020

By Muhammad Nami This matter of making the Stamp Duty (and by implication tax revenue) the next black gold has occupied my mind even long before I was appointed the Executive Chairman of the Federal Inland Revenue Service. I have thought that given the way the Nigerian economy has been...

Zenith Bank Plc has again emerged as the Number One Bank in Nigeria by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking published by The Banker Magazine. Climbing 29 spots from 415 in 2019 to 386 in the 2020 global ranking of banks, Zenith Bank retained its position...

HiiT PLC, the leading Information and Communications Technology (ICT) Training Service Provider in Nigeria, has concluded plans to offer scholarship worth N20 million to interested Nigerian students at the tertiary education level as her humble contribution to the Federal Government COVID-19 Economic Palliatives. The decision is part of the company's...

BudgIT Foundation, a foremost civic tech organisation in the advocacy for fiscal transparency and accountability, has launched its Open Nigerian States data portal. According to the organisation in a statement on Wednesday, the Open States web portal was developed under the Rule of Law and Anti-corruption (RoLAC) programme, funded by...

President of the Senate, Ahmad Lawan, has said that the legislature is the most misunderstood arm of Government. Lawan stated this in his remarks sequel to a motion considered on International Day of Parliamentarism, sponsored by Senator Ifeanyi Ubah (YPP – Anambra South). According to the Senate President, the development...

President Muhammadu Buhari says the recently developed Economic Sustainability Plan, aimed at stimulating the economy amid the COVID-19 pandemic, will extend protection to very poor Nigerians and other vulnerable groups through pro-poor spending. Mr Femi Adesina, Special Adviser to the President on Media and Publicity, said in a statement in...

Ikeja Electric Plc (IE) says residents of Ikorodu axis of Lagos State will experience blackout between July 2 and July 7 due to a planned outage by the Transmission Company of Nigeria (TCN). The electricity distribution company made the announcement in a public notice posted on its verified Twitter account...

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new price band of N140.80 to N143.80 per litre for Premium Motor Spirit, also known as petrol. The PPPRA, in a circular dated July 1, 2020 to marketers, said, “After a review of the prevailing market fundamentals in the month...

The Federal High Court, Abuja, on Wednesday, granted an order of interim forfeiture in relation to 46 property, including houses and parcels of land, suspected to be owned by former Chairperson, Board of the Nigeria Social Insurance Trust Fund (NSITF), Mrs. Ngozi Juliet Olejeme. Justice Taiwo Taiwo granted the order...

Sokoto state government says it has secured N4 billion to be disbursed as loan to farmers across the state in its effort to promote cultivation of cash crops toward reducing impacts of COVID-19 pandemic. Governor Aminu Tambuwal stated this on Wednesday when he launched the sales and distribution of fertiliser...