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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.

Bank files $3 billion lawsuit against PwC for failing to warn against huge fraud

Ukraine’s largest lender PrivatBank said Monday it had filed a $3bn lawsuit against PwC, claiming the auditor failed to call attention to “the huge fraud” plaguing the bank for years.

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.

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.

Obafela Bank-Olemoh: Lagos to train one million residents on coding by 2030

Lagos State Government on Tuesday said that it would have trained one million residents on coding by 2030 to make them to compete favourable for employments globally.

Economic crime in South Africa hits record levels

South African organisations continue to report the highest instances of economic crime in the world, with economic crime reaching its highest level over the past decade, according to PwC’s biennial Global Economic Crime Survey released Tuesday (today).

Governor Ambode okays N30,000 monthly stipends for 1,000 Ready.Set.Work interns

Lagos State Governor Akinwunmi Ambode has approved the payment of N30,000 as monthly stipends to Ready.Set.Work (RSW) interns who have been placed in various organisations for six-month paid internships.

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.

Shakira facing alleged tax-dodging investigation in Spain

Shakira has become the latest celebrity to find themselves under investigation by the Spanish authorities for possible tax evasion.

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.

US companies contributed N34 billion to Nigeria’s tax revenue – survey

A recent Economic impact survey of United States companies operating in Nigeria has shown that such business interests contributed over N34.4 billion to the nation’s tax revenue in 2016.

FRSC commends HEI for saving over 200 accident victims

The Federal Road Safety Corps (FRSC) has commended the Health Emergency Initiative (HEI) for giving prompt support and assistance to save the lives of over 200 accident victims in the last two years.

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.

LIRS, PWC clarify taxation of loans to employees by employers

The Lagos State Internal Revenue Service (LIRS), and PriceWatercoopers (PWC), a firm that focuses on audit and assurance, tax and consulting services have explained how loans that are granted to employees by their employers can be taxed.

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).

Recent Stories

Police arrest cattle rustlers, recover 32 cows, 26 sheep in Niger

Two suspected cattle rustlers terrorising Eregi Fulani Camp in Katcha Local Government Area of Niger state, have been arrested by the state Police Command.

Brighton sign Nigeria’s Leon Balogun on free transfer

Brighton have completed the signing of Nigeria international defender Leon Balogun on a free transfer.

Sony buys EMI Music Publishing in $1.9 billion deal

Japanese entertainment giant Sony on Tuesday unveiled a $1.9-billion deal to buy industry titan EMI Music Publishing, which has the rights to songs by the likes of Queen and Pharrell Williams.

N400 million fraud: EFCC wants Olisa Metuh tried in absentia

The EFCC on Tuesday asked the Federal High Court Abuja to proceed with the ongoing trial of a former PDP Spokesman, Olisa Metuh, in his absence.

Prophet: 2019 polls will be tougher than 2015

The General Overseer of Christ Mercyland Deliverance Ministry (CMDM)‎, Prophet Jeremiah Omoto Fufeyin, on Tuesday in Kano prophesied that the 2019 presidential election will be tougher than what was experienced in 2015, calling on Nigerians to earnestly pray for peace and unity in the country.