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The Board of Directors of Polaris Bank Ltd and Asset Management Corporation of Nigeria has appointed Mr Segun Opeke as an Executive Director.

Polaris Bank appoints Segun Opeke as executive director

The Board of Directors of Polaris Bank Ltd and Asset Management Corporation of Nigeria has appointed Mr Segun Opeke as an Executive Director.
An Airbus A380-800 passenger plane of the Emirates Airlines at Moscow’s Domodedovo Airport. Mikhail Tereshchenko - TASS - Getty Images

Nigeria bars Emirates Airlines flights

The Federal Government says Emirates Airlines has been included in the list of airlines not allowed to operate in Nigeria as part of measures to curb the spread of coronavirus in the country.
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.

EU urges Nigeria to lift airspace restrictions on KLM, Air France, Lufthansa

European Union (EU) has urged the federal government to have a rethink over restrictions placed on KLM, Lufthansa and Air France.
Nigerian National Petroleum Corporation (NNPC)

NNPC shortlists 78 companies for pipelines rehabilitation bidding

The Nigerian National Petroleum Corporation (NNPC) has shortlisted 78 companies to bid for the rehabilitation of oil pipelines and deport infrastructure across the country.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE All-Share Index rebounds 0.16 percent

After three consecutive days of losses, the Nigerian Stock Exchange (NSE) All-Share Index on Friday rebounded by 0.16 per cent.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

FIRS: Not all bank account owners expected to fill ‘self-certification’ forms

The directive by the Nigerian government for account holders in financial institutions to complete a new “self-certification” form is not for all bank customers, the Federal Inland Revenue Service (FIRS) and tax experts have clarified.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

Nigerian government apologizes for asking all account holders to re-register

The federal government on Friday apologized to Nigerians for asking all account holders in the financial institutions to re-register.
Nigerian National Petroleum Corporation (NNPC)

NNPC trading surplus rises by 860% to N20.4 billion in one month

The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June.
1. Paxful team with pupils in Rwanda

Paxful breaks ground on fourth in 100-school initiative

According to Ray Youssef, CEO, and co-founder of Paxful, “The #BuiltWithBitcoin initiative now supports over 400 students.” He highlights that through the 100-school plan, Paxful expects to bring education to nearly 15,000 young people throughout Africa while providing jobs to almost 300 teachers.

Protesting youths shut down Shell facility in Bayelsa

Youths of Agbidiama Community in the Ekeremor Local Government Area of Bayelsa State staged a protest on Thursday and shut down the Clough Creek flow station operated by the Shell Petroleum Development Company of Nigeria.

Deloitte fined £15 million over auditing failures at autonomy

Accountancy giant Deloitte failed to properly audit the accounts of software giant Autonomy ahead of its 11 billion-dollar sale to Hewlett Packard almost a decade ago, the accounting regulator has found.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

Tax revenue: Non-oil sector increased by 90 percent – FIRS

Despite the national and global economic upheaval caused by the COVID-19 pandemic, the Federal Inland Revenue Service (FIRS) has said the non-oil tax receipts have consistently contributed 75-90 per cent of total tax revenue in recent months due strategic reforms.
Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

FIRS rakes in N438 billion from non-oil tax in July

The Federal Inland Revenue Service (FIRS) says it has recorded significant increase in collectable tax revenue from the non-oil sector of the economy.

Fintech firms launch open banking powered charity donations

Open Banking Excellence (OBE), Moneyhub Enterprise, and Streeva launch QR code-based open banking payments with automated Gift Aid today, providing people in the UK with another way to donate to charity.
China’s commercial banks saw a net forex settlement surplus of 553.1 billion yuan (about $78.6 billion) in the first half of this year, the country’s forex regulator said on Friday.

China’s central bank injects liquidity into market

China’s central bank on Thursday continued to pump cash into the banking system via reverse repos, to maintain liquidity.

Nigerian airlines urged to inform NCAA against foreign ill-treatment

Capt. Musa Nuhu, Director-General, Nigerian Civil Aviation Authority (NCAA) has urged airlines plying regional and international routes to always inform the authority in their expansions to avoid unnecessary foreign exploration.

NERC: Landlord’s outstanding bills cannot be enforced on new tenant

The Nigerian Electricity Regulatory Commission has clarified that the outstanding electricity bills of landlords are not to be enforced on new tenants.

DPR generates N742.4 billion revenue in eight months

The Department of Petroleum Resources (DPR) says it generated a total sum of N742,471,639,376. 96 billion for the Federal Government from January to August 2020.

Recent Stories

Plateau teachers decry non-implementation of new minimum wage

The Nigerian Union of Teachers (NUT), Jos East Chapter, on Wednesday decried the non-implementations of the new minimum wage in the state.
The newly inaugurated Primate of the Church of Nigeria, Anglican Communion-Bishop of Abuja, the Most Reverend Henry C. Ndukuba today in Abuja admonished the faithful to observe the health experts advice in order to curb the spread of Coronavirus .

Anglican Primate wants programmes to cushion hike in petrol, electricity tariff

The Primate, Church of Nigeria, Most Rev. Henry Ndukuba, on Wednesday called on the Federal Government to urgently come up with programmes to cushion the effects of the hike in petrol prices and electricity tariff on citizens.

PDP calls for articulate strategies to mitigate flood

The Peoples Democratic Party (PDP), has urged the governments at all levels to articulate strategies to mitigate the menace of flood and forestall such devastation in the future.
California Governor Gavin Newsom adjusts his mask while speaking to reporters at Miss Ollie”s restaurant amid the coronavirus pandemic in Oakland, California, the US [Jeff Chiu-Pool via AP Photo]

California vows to ban sale of new petrol vehicles in 2035

US West Coast state to join 15 nations that have set similar goals in order to fight climate change.
The suspended National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, says he has accepted the Appeal court’s verdict which upheld his suspension.

Comrade Oshiomhole breaks silence on Edo election

Former National Chairman of the All Progressives Congress, Adams Oshiomhole, says he is not downcast even though his party lost the just concluded governorship election in Edo State.