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eTranzact executives step down over alleged N11 billion fraud under their watch

eTranzact International Plc has announced that its managing director and some other members of the executive board will step down after an alleged N11 billion fraud happened under their watch.

Report: Nigeria’s rice production mechanisation process is low

A recent report by PricewaterhouseCoopers (PwC) on rice production in Nigeria has described the country’s mechanisation process for the production of the cereal crop as low.

House of Reps calls for cancellation of Ajaokuta steel concession

The House of Representatives on Thursday advised President Muhammadu Buhari to stop Mines and Steel Development Minister, Dr Kayode Fayemi, from concession moves of Ajaokuta Steel Company.

Russian-Zimbabwean firm to invest $400m in Zimbabwe platinum

Great Dyke Investments (GDI) Ltd. said on Thursday it would invest about 400 million dollars to build a precious metals mine and smelter in Zimbabwe as the country opens up to international business.

Expert tasks Lagos govt on improved communication, education of tax payers

A tax expert, Taiwo Oyedele, has appealed to Lagos State Government to improve its communication and engagement with stakeholders on the revised Land Use Charge Law.

Kayode Fayemi: We won’t spend money on Ajaokuta again

The Federal Government on Thursday said it would not repeat the mistake of the former President Olusegun Obasanjo’s administration on the Ajaokuta Steel Complex in Kogi State.

Naira may depreciate to 386 per dollar – PwC

The naira may depreciate against the United States dollar at the Investors and Exporters Window to 386 from the current average of 360, PricewaterhouseCoopers has said.

NCC to unveil study on mobile voice termination rates

The Nigerian Communications Commission (NCC) is set to unveil study on the Cost Based for the Determination of Mobile Voice Termination Rates in Nigeria.

NCC to unveil report on mobile call charges

The Nigerian Communications Commission (NCC) says it will play host to a stakeholders’ meeting on mobile voice termination rates February 1.

Luxembourg court overturns verdict against Luxleaks whistleblower

A Luxembourg court, on Thursday, overturned the verdict against a “Luxleaks” whistleblower who was convicted of leaking thousands of documents that revealed tax breaks for multinational firms.

Ibom deep seaport project now 75% complete – commissioner

The Akwa Ibom State Commissioner for Housing & Special Duties, Mr. Akan Okon, has said that work on the Ibom Deep Seaport project has attained 75 percent completion.

States to receive 13% derivation from mining revenue – Kayode Fayemi

The Federal Government has disclosed that states will receive 13 per cent derivation from mining revenue to encourage more collaboration.

Tax evasion: Investigate enablers to stop scheme – Litchfield-Tshabalala

In a bid to stop the illicit flow of money from Africa, governments of African countries have been advised to go after firms that enable multinational companies to avoid or evade tax.

Nigeria will achieve full economic recovery in 2019 – PwC

The PricewaterhouseCoopers Nigeria has predicted a full economic recovery in the country by 2019.

Naira devaluation is a risk to Nigeria’s external debt – PwC

PricewaterhouseCoopers, one of the big four consulting firms in the world, says a devaluation of the Nigerian naira will be a key risk to the sustainability of the country’s foreign debt.

Expert wants tax laws in constitution reviewed

A tax expert, Mr Taiwo Oyedele, has called for constitution amendment to reduce the number of taxes imposed by each level of government to not more than 10.

AFCON: CAF postpones inspection mission to Cameroon

An inspection mission to the 2019 Africa Cup of Nations hosts Cameroon has been postponed by the Confederation of African Football (Caf).

Tax incentives alone will not attract investors – Expert

Mr Taiwo Oyedele, a tax expert, says only tax incentives to industries without addressing other challenges will not bring about the desired economic growth in Nigeria.

Recent Stories

eTranzact executives step down over alleged N11 billion fraud under their watch

eTranzact International Plc has announced that its managing director and some other members of the executive board will step down after an alleged N11 billion fraud happened under their watch.

Ekiti in Diaspora want introduction of e-voting

Ekiti indigenes in the United States, under the auspices of Egbe Omo Ekiti, have called for the introduction of electronic voting in Nigeria.

Ahmed Elmohamady: Mo Salah not ready to win Ballon d’Or

Egyptian defender Ahmed Elmohamady says his international teammate and Liverpool star Mohamed Salah is not ready to win the Ballon d’Or.

Kwara APC urges elected party excos to hit ground running

The Kwara State chapter of the All Progressives Congress (APC) has congratulated its newly-elected state chairman, Mr. Ishola Balogun-Fulani, and other elected party officials at the ward, local government and state levels.

NNPC, NPA forge closer ties to sustain products supply

The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Ports Authority (NPA) have expressed readiness to ensure seamless reception of petroleum products into the various ports across the country.