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PIA, gas initiatives will transform energy sector – Osinbajo

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The passage of the Petroleum Industry Bill, as well as Nigeria’s gas initiatives, will help transform Nigeria into a gas-based industrialized nation and also...
Business

Battle over tax: ‘Continue To Pay Your VAT To FIRS’, says federal tax man

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The stage appears set for a battle royal as the Federal Inland Revenue Service(FIRS) has told taxpayers in the country to continue to pay...
Business

Big lie: No Disbursement of N243.8bn to States, says NGF

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A story making the rounds on social media that states shared a whopping N243.8 billion is a lie, the Nigeria Governors' Forum (NGF) has...
Business

CBN freezes account of Fintechs, companies assure of funds safety

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The Central Bank of Nigeria (CBN) has secured an Abuja federal high court ruling to freeze the accounts of six fintech companies for 180...
Business

Implementation of Petroleum Industry Act begins

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President Muhammadu Buhari has commenced implementation of the newly signed Petroleum Industry Act (PIA) by approving a steering committee to oversee the process, a...
Business

Buhari signs contentious PIB into law

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The host communities of oil wells may still be splitting hairs of the Petroleum Industry Bill (PIB) as passed by the National Assembly, but...
Business

VAT Collection: FIRS Files Appeal Against Court Judgment

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Release The Federal Inland Revenue Service (FIRS) has appealed a recent judgment of the Federal High Court in Port Harcourt Rivers State on the issue...
Business

Toll Payment Returns On 5,050km Federal Highways 

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Payment of toll on some federal highways will return soon, Minister of Works and Housing Babatunde Fashola stated. The tolling will begin after the roads...
Business

Rivers Govt, Not FG Should Collect VAT, Related Taxes, Court Rules

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In a landmark ruling, the Federal High Court sitting in Port Harcourt, Rivers State, has declared that the Rivers State Government and not the...
Business

BDCs in trouble as CBN stops sale of forex to them, commercial banks take over

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The Central Bank of Nigeria (CBN) says it will no longer sell fores to Bureau De Change operators in Nigeria because they are involved...
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