Business
Nigeria’s NCS signs MoU with China’s GACC to foster bilateral trade
The Nigeria Customs Service (NCS) has signed a Memorandum of Understanding (MoU) with the General Administration of Customs of the People’s Republic of...
Enugu Governor Peter Mbah Signs N100bn Deal With Company Registered 5 Days Ago
The Enugu State Government, led by Governor Peter Mbah, has signed a N100bn deal with Pragmatic Palms Limited, a company registered about five...
U.S. Judge Dismisses Elon Musk’s X Corp Lawsuit Against Israeli Data-Scraping Firm
Elon Musk’s X Corp, formerly known as Twitter, faced a setback as a U.S. District Judge in San Francisco dismissed its lawsuit against...
Canada Fines Binance Over $4 Million for Breaching Money Laundering Laws
Canada’s anti-money laundering agency, FINTRAC, has levied a hefty fine of nearly C$6 million ($4.38 million) against cryptocurrency exchange Binance. The penalty stems...
Shell Nigeria Paid $1.09bn Taxes and Royalties to FG In 2023
Shell Nigeria’s tax contributions to the Nigerian government experienced a $27 million decrease in 2023, as reported in the company’s 2023 Briefing Notes...
FCTA Shuts Down School, Hotel, and Businesses for Evading Taxes
The Federal Capital Territory Administration (FCTA), along with the FCT Internal Revenue Service (FCT-IRS), has closed several establishments in the capital city for...
China’s Imports Surge by 8.4% in April, Exceeding Expectations
China’s customs agency revealed a robust performance in April, with imports exceeding expectations, particularly from the U.S., while exports remained steady, according to...
Petrol Supply will Improve, Stop Panic Buying – NNPC Promises
Despite ongoing nationwide fuel scarcity, the Nigerian National Petroleum Corporation (NNPC) Limited has once again cautioned motorists against panic buying petrol, known as...
Over 200 jobs at risk as Microsoft is set to close its Lagos Innovation Centre
Microsoft may be set to close its African Development Centre (ADC) located in Lagos, raising concerns about the fate of approximately 200 jobs...
17 Arrested in Kano for Running Illegal Bureau de Change
The police in Kano have arrested 17 suspected individuals for their involvement in the unlawful operation of Bureau de Change in the Wapa...
Despite the FIRS Tax Avoidance Promise, FG may consider 5% telecom taxation to boost non-oil revenue
The Federal Government of Nigeria, through the Federal Inland Revenue Service (FIRS), is considering taxing telecommunication (telecom) services, among other fiscal measures, to...
CBN Reintroduces N10k Charges on Cash Deposits Above N500k
The Central Bank of Nigeria (CBN) has reintroduced fees for deposits exceeding N500,000 for both individual and corporate account holders. Effective May 2024,...