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The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Nigeria’s central bank vow sanctions against IMTOs still paying remittances in naira

The bank had in December 2020 directed that IMTOs and commercial banks in the country pay beneficiaries of diaspora remittances in foreign currencies, in a bid to deepen the foreign exchange market and create transparency in the administration of diaspora remittances into Nigeria.

LIRS gives employers deadline to file annual tax returns

The Lagos State Internal Revenue Service (LIRS) urges all employers of labour in Lagos State to file their Company’s Annual Tax Returns on or before the statutory deadline of January 31, 2021 to avoid penalties In line with the Personal Income Tax Act (PITA) Cap P8 LFN 2011 (as amended).
FILE PHOTO - The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017. REUTERS-Pascal Rossignol-File Photo

Amazon to hike fees for Spanish users after new digital tax

Countries around the world are examining ways to tax global tech companies on revenues generated in their economies in the absence of wider agreement on how to tackle their growing role in business and commerce.
Ikeja Electric Plc on Friday said it would begin implementation of its revised electricity tariff from July 1.

Ikorodu communities petition Ikeja Electric over prepaid meters, fraudulent officials

At least 10 Community Development Associations (CDAs) in the Ikorodu area of Lagos State have petitioned Ikeja Electric (IE) Plc. over outrageous estimated billings.
FILE PHOTO- The moon rises behind the storage tanks of a local oil refinery in Omsk, Russia June 5, 2020. REUTERS-Alexey Malgavko

Oil down $1 as China coronavirus cases trigger clampdowns

Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer.
Nigeria Naira

Naira rises against dollar at official market

Naira strengthened against the U.S. dollar on Thursday at the Investors & Exporters (I&E) window of the foreign exchange market, data from the FMDQ Security Exchange where currencies are officially traded showed.
FILE PHOTO - A man looks towards skyscrapers of the City of London financial district as he crosses Waterloo Bridge, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 15, 2021. REUTERS-Toby Melville

PMI: Renewed lockdown sends UK economy tumbling again

“Services have once again been especially hard hit, but manufacturing has seen growth almost stall, blamed on a cocktail of COVID-19 and Brexit, which has led to increasingly widespread supply delays, rising costs and falling exports,” Chris Williamson, chief business economist at IHS Markit, said.
Nigeria’s leading tech-enabled automotive trading platform, Cars45 and last mile delivery service provider, Gokada, have announced a partnership to provide Lagosians with more options to get their parcels delivered across the state at a cheaper price within the same day.

Cars45, Gokada announce alliance to drive consumer convenience

Nigeria’s leading tech-enabled automotive trading platform, Cars45 and last mile delivery service provider, Gokada, have announced a partnership to provide Lagosians with more options to get their parcels delivered across the state at a cheaper price within the same day.
Seplat Petroleum Development Company

Hundreds of protesters storm Seplat oil facility in Delta

Hundreds of protesters from Ikweghwu community in Sapele Local Government Area of Delta State, stormed a crude oil facility owned by Seplat Petroleum Development Company, SPDC, on Thursday morning, demanding for jobs and infrastructure development.
Dutch airline KLM said Friday it would shed up to 5,000 jobs due to a “crisis of unprecedented magnitude” caused by the coronavirus pandemic.

KLM ‘suspends’ international flights to and from Netherlands

Royal Dutch Airline, KLM, is reportedly have suspended long-haul flights to and from the Netherlands, beginning today 22nd January, as the Dutch government imposes strict border controls to combat mutant coronavirus strains.
Less than a week of the commencement of e-ticketing on the Abuja-Kaduna rail line, over 8,000 passengers have accessed the portal, the Minister of Transportation, Rotimi Amaechi has said.

Nigerian government launches N900 million e-ticketing solution on Abuja-Kaduna rail line

Following complaints of racketeering and sundry ills by passengers plying the Abuja-Kaduna railway corridor, the federal government, Thursday, launched the e-ticketing solution in Abuja, the nation’s capital.

PHED: Distribution of 77,000 prepayment meters ongoing in four states

No fewer than 77,000 prepayment meters are currently being distributed to customers in four states, the Port Harcourt Electricity Distribution Company (PHED) has said .
President Muhammadu Buhari is currently presiding over the first Federal Executive Council, FEC, meeting for the year 2021 at the Council Chamber, Presidential Villa, Abuja.

President Buhari directs strict compliance with payment of taxes by foreign, local companies

President Muhammadu Buhari on Thursday directed the Federal Inland Revenue Services (FIRS) and related government agencies to plug all revenue leakages by ensuring strict compliance of tax payments by foreign companies operating in Nigeria, urging the deployment of more digital platforms and seamless connections.
An outbreak of Rabbit Hemorrhagic Disease Virus (RHDV), a highly contagious disease caused by a Calicivirus, is inflicting huge losses on rabbit farmers in Oyo State.

Oyo rabbit farmers count losses over disease outbreak

An outbreak of Rabbit Hemorrhagic Disease Virus (RHDV), a highly contagious disease caused by a Calicivirus, is inflicting huge losses on rabbit farmers in Oyo State.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Ghana’s oil reserves left with 2.5 billion barrels – report

Ghana’s oil reserves is left with about 2.5 billion barrels more to be produce if new oil discoveries are not found.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Trading rebounds on NSE, up N50 billion

Transactions on the Nigerian Stock Exchange (NSE) rebounded on Wednesday by N50 billion, halting two consecutive days bearish trend due to sustained bargain-hunting in insurance stocks.

Nigerian government set to pay last batch of Nigeria Airways ex-workers

The Presidential Initiative on Continuous Audit, (PICA) of the Federal Ministry of Finance, in conjunction with the Ministry of Aviation, in Kano, has commenced the verification of ex-workers of Nigeria Airways Limited (in Liquidation).
The Management of Air Peace has received another ERJ-145 aircraft after undergoing C-Check abroad.

Air Peace resumes Dubai flights February 5, increases flights to Enugu

Nigeria’s leading airline, Air Peace, has announced the resumption of flights into Dubai via Sharjah commencing from Feb. 5

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Rice millers in Gombe State have called on both the Federal and State Governments’ support for acquisition of modern rice drying machine to boost production of the commodity in the state.

Rice millers express fear, raise alarm over massive smuggling of foreign rice

As Federal Government reopens some land borders and take-off of Africa Continental Free Trade Area, AfCFTA, agreement, rice millers under the auspices of Rice Millers Association of Nigeria, RIMAN, Saturday, expressed fear and raised the alarm over massive smuggling of foreign rice into the country.
3. Nigeria midfielder Joe Aribo was on target as Rangers moved six points clear in the Scottish Premiership following a 2-0 win against Livingston.

Joe Aribo’s tribute to team-mate ‘role model’

Speaking at the press conference as shown on Rangers official YouTube channel, the Nigerian international also provided some insight on his own recent form as well as the team’s performances.
Wolves have completed the signing of Brazilian striker Willian José on loan from Real Sociedad.

Wolves complete signing of LaLiga striker

José has been at the LaLiga club since 2016, finding the net on 62 occasions in 170 appearances including a brace in their 2-0 Copa del Rey win over Cordoba on Wednesday.
Facial nerve paralysis experienced after receiving the Pfizer-BioNTech vaccine shot against COVID-19 is a rare complication, an official has said.

HURIWA wants coronavirus vaccines verified by Nigerian experts

Human Rights Writers Association of Nigeria (HURIWA) has cautioned the Nigerian authorities against the deployment of foreign manufactured vaccines against Covid-19 without total compliance with the pharmaceutical laws of Nigeria.
Seventy-five members of the Boko Haram and Islamic State West Africa Province (ISWAP) terrorist groups have been killed by the military across the North East in the last six weeks.

Troops eliminate Boko Haram threats in Damboa

A statement yesterday by the Acting Director Defence Media Operations, Brig. Gen. Benard Onyeuko claimed that: “Troops of Operation TURA TAKAIBANGO a subsidiary Operation of Operation LAFIYA DOLE in the North East continue to obliterate elements of Boko Haram/Islamic State’s West Africa Province criminals with uncommon ferocity as they overrun Abbagajiri and Dusula towns in Damboa.”