Business
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,...
Exxon, Shell, TotalEnergies, and Eni seek to exit Nigeria over security and theft concerns
Major oil companies, such as Exxon Mobil, Shell, TotalEnergies, and Eni, have sought to exit Nigeria’s onshore oil to focus on deepwater drilling...
Guaranty Trust Holding Company Shatters Records with Historic Pre-Tax Profits in Nigerian Banking
Guaranty Trust Holding Company (GTCO), one of Nigeria’s most efficiently managed banks, has recently announced record-breaking pre-tax profits in Nigerian banking history. According...
Remote Jobs: Leveraging Technology for Team Collaboration
Effective team collaboration has become more critical than ever for businesses with the rise of remote work. Fortunately, technological advancements have made it...
SEC Charges Trump Media Auditor with Fraud, Imposes Lifetime Ban
The Securities and Exchange Commission (SEC) has levelled allegations of “massive fraud” against the auditing firm responsible for Trump Media, BF Borgers CPA,...