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Business and Economy

FIRS offers concession to taxpayers with foreign currency tax liabilities

TAXPAYERS and companies who have outstanding foreign currency tax liabilities can now take advantage of the Federal Inland Revenue Service (FIRS) one-month window to...

TCN upgrades Egbin substation to enhance bulk electricity supply in Lagos

THE Transmission Company of Nigeria (TCN) has upgraded its Egbin  330/132/33kV transmission substation in order to enhance electricity supply in Lagos. It achieved this by...

AfCTA: Slow negotiations targeted at ensuring Nigeria isn’t dumping ground- Official

THE Director-General of the Nigerian Office for Trade Negotiations (NOTN) Yonov Fred Agah has said that the ongoing African Continental Free Trade Area (AfCTA)...
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New Lafia substation to become Nigeria’s transmission hub -NDPHC

THE Managing Director of the Niger Delta Power Holding Company Limited (NDPHC), Chiedu Ugbo said the new Lafia Transmission Substation would become Nigeria's transmission...

Epileptic power supply: AEDC blames low generation, ongoing maintenance works

THE Abuja Electricity Distribution Company (AEDC) has identified low power generation in the national grid and several ongoing power maintenance works as reasons for...

Opportunities for Nigerian traders as crude, wheat, palm oil prices skyrocket

THE Russian invasion of Ukraine has spiked prices of wheat, crude and palm oils as market volatility and shortfalls continue to push up costs of these products in the global market.
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Failed investment: More aggrieved investors raise alarm, tag Adama Adama a professional scammer

SINCE The ICIR reported on the failed investments of the Enadama Group owned by Benue State-born Adama Adama, more aggrieved investors have continued to...

The untold story of how Akwa Ibom acquired N184bn ‘secret’ loan, targets fresh N150bn loan

By Ekemini Simon AKWA Ibom State Government is in the works to secretly obtain a N150 billion loan, TheMail Newspaper can authoritatively report. The planned multi-billion...

Controversy trails new Customs VIN-valuation system for imported cars

SINCE the Nigerian Customs Service (NCS) introduced its new valuation system identified as the Vehicle Identification Number (VIN) in January, stakeholders in the industry...
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Why VAT can’t work in states – FIRS

THE Federal Inland Revenue Service (FIRS) has said that...