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LIRS: Workers to pay more income tax in Lagos

The Lagos Internal Revenue Service (LIRS) says personal income tax of employees in the state will now cover “income from all sources” as provided under the Finance Act (FA) 2020.
Rivers State Governor, Nyesom Wike, has declared that Southern governors’ irrevocable decision on open grazing and others issues must be respected.

Rivers to send anti-open grazing law to state assembly

Rivers State Goverment has promised to give the ban on open grazing in the state a legal backing by sending the required bill to the House of Assembly.
Former Arsenal and Chelsea star Cesc Fabregas has revealed fan favourite N’Golo Kante also has a ‘dark side’ to his game.

Cesc Fabregas: N’Golo Kante not so nice, also has dark side

Former Arsenal and Chelsea star Cesc Fabregas has revealed fan favourite N’Golo Kante also has a ‘dark side’ to his game.
In his opening remark, Chairman, HEDA Resource Centre, Mr Olanrewaju Suraju said corruption remains a teething problem in Nigeria with grave consequences on political stability, poverty, lack of jobs, growing wave of violence and extremism urging Nigerians to work in unity to tackle corruption headlong.

Anti-graft group: Nigeria loses over N100 billion yearly to tax fraud

In his opening remark, Chairman, HEDA Resource Centre, Mr Olanrewaju Suraju said corruption remains a teething problem in Nigeria with grave consequences on political stability, poverty, lack of jobs, growing wave of violence and extremism urging Nigerians to work in unity to tackle corruption headlong.

Lagos taskforce demolishes markets, workshops in Festac

Weeping, sorrow, disappointment and regrets filled the atmosphere in Festac Town, Lagos, on Sunday, as a Lagos State task force demolished the popular Agboju Market, shanties and other illegal buildings on the town’s Buffer Zone.
Speaking at a press conference on the violence that trailed the EndSARS protests in Abuja, the Minister of Information and Communication, Alhaji Lai Mohammed said social media was used to spread fake news and disinformation that catalyzed the violence that was witnessed across the country.

Minister: Why Twitter, other platforms must register to operate in Nigeria

The Federal Government says its directive that Over the Top (OTT) and social media platforms operating in the country must register and obtain license to operate is in conformity with global trend.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN denies plan to nationalise Unity Bank

The report had claimed that the apex bank’s target examination of Unity Bank showed that the tier 2 lender is in ”grave financial condition”, with a capital adequacy ratio (CAR) and non-performing loans (NPL) ratio that breached prudential standards.
election inec nigeria

Osun 2022: I foresee one vote going for N50,000 – Anglican bishop

The Diocesan Bishop of Ijesa North Anglican Diocese, Right Rev. Isaac Oluyamo, has decried the spate of vote-buying in Nigeria.

NUT commends FCT minister on minimum wage implementation

Federal Capital Territory (FCT) wing of the Nigeria Union of Teachers (NUT) has commended the FCT minister, Muhammad Bello, for the implementation of the minimum wage for primary school teachers in the nation’s capital.
The Federal Executive Council (FEC) has approved the sum of N9.2billion as premium to insurance companies that will manage the group life insurance for federal civil servants in the country. Minister of Information and Culture Lai Mohammed revealed this when he briefed State House correspondents on the outcome of the Council meeting which was presided over by President Muhammadu Buhari in Abuja on Wednesday.

Experts reveal how bureaucracy stalled $3.1 billion Customs automation project

Nearly a year after the Federal Executive Council (FEC) approved a concession agreement to reposition the operations and boost revenue generation of the Nigeria Customs Service, experts are worried that a formal agreement has not been signed by parties thereby stalling the take off of the project.

Bulgaria to set up its own ‘blacklist’ after U.S. graft sanctions

Bulgaria will set up its own “blacklist” of companies and people associated with three Bulgarians and 64 entities that the United States has imposed sanctions on over alleged corruption, preventing state dealings with them, the interim government said late on Friday.
FILE PHOTO - A person sits in a toy car with children at a shopping mall in Shanghai, China June 1, 2021. REUTERS-Aly Song

China’s new three-child policy draws scepticism, cost questions

China’s decision to allow families to have up to three children was met with scepticism on Tuesday, with doubts expressed on social media whether it would make much difference, and calls for details on what promised “supportive measures” will include.
Nigerian National Petroleum Corporation (NNPC)

NNPC plans N126 billion deduction from June remittance to FAAC

The Nigerian National Petroleum Corporation (NNPC) has served notice to the Federation Account and Allocation Committee (FAAC) that it will deduct about N126 billion from its remittance to the Federation Account at the next meeting scheduled for June.
Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, have expressed satisfaction at the performance of the company but tasked the food seasoning company to expand its market share so as to increase revenue.

NASCON shareholders approve N1.06 billion dividend for 2020

Shareholders of NASCON Allied Industries Plc have approved a total dividend of N1.06 billion declared by the company for the financial year ended Dec. 31, 2020.
Africa’s richest businessman, Aliko Dangote, has donated a mobile testing centre with the capacity to test 400 people for COVID-19 daily, to the Kano State Government.

Aliko Dangote: Nigeria can make $700 million annually from sugar

Aliko Dangote, chairman of the Dangote Sugar Refinery, says Nigeria can make $700 million in foreign exchange annually by implementing the Backward Integration Policy (BIP) from sugar production.
The bill for the Chartered Institute of Forensic and Certified Fraud Examiners of Nigeria has scaled the First Reading in the House of Representatives .

House asks NNPC to provide evidence of remittances into federation account

The house of representatives committee on finance has asked the Nigerian National Petroleum Corporation (NNPC) to submit details of revenue remittances into the consolidation federation account.
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.

JTB urges amendment to conflicting provisions in FIRS, FCT-IRS acts

The Chairman, Joint Tax Board and Federal Inland Revenue Services (FIRS), Muhammad Nami, has appealed to the National Assembly and all key stakeholders to identify, review and amend some of the conflicting provisions in the FIRS (Establishment) Act of 2007 and the FCT Internal Revenue (Establishment) Act.

Kano businessman harps on tax review

A Kano-based businessman, Engr. Balarabe Mohammed, has advised the state government to urgently review the tax system to attract investment and fast-track the economic development of the area.

Manchester United step up Kingsley Coman transfer bid

Manchester United have reportedly told Kingsley Coman they are ready to pay him £200,000 a week after tax.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Minister: Nigerian government focused on sustaining efficient tax administration

The federal government yesterday declared that it remains focused on promoting and sustaining an efficient tax administration, through the deployment of modern technology-driven processes and systems to boost collection from tax revenue.
Bank of Industry (BoI)

Bank of Industry assets hit N1.8 trillion despite coronavirus – chair

The Bank of Industry (BOI) says its total assets grew to N1.86 trillion during the 2020 financial year, despite the negative impacts of the COVID-19 pandemic on global economies.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Minister: Nigerian government focused on promoting, sustaining efficient tax administration

The federal government has declared that it remains focused on promoting and sustaining an efficient tax administration, through the deployment of modern technology-driven processes and systems to boost collection from tax revenue.

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African Action Congress AAC

Lagos council poll: AAC to contest only three councillorship seats – chairman

The African Action Congress (AAC) on Tuesday said it would contest only three councillorship seats in two local government councils at the July 24 council polls in Lagos State.
Drummer Jacques Iyok performs on stage with his band JAMM at the Saint Louis Jazz Festival in Saint Louis, Senegal, June 18, 2021. Picture taken June 18, 2021. REUTERS-Cooper Inveen.

Senegal’s famed jazz festival returns after pandemic delay

On a small island where the Senegal River meets the sea, hundreds of mask-wearing jazz enthusiasts listened to French-Senegalese vocalist Awa Ly sing the blues for uncertain times.
A sign is seen at the entrance to the Google retail store in the Chelsea neighborhood of New York City, U.S., June 17, 2021. REUTERS-Shannon Stapleton

Google drops engineering residency after protests over ‘inequities’

Alphabet Inc’s Google plans to shut down a long-running program aimed at entry-level engineers from underrepresented backgrounds after participants said it enforced “systemic pay inequities,” according to internal correspondence seen by Reuters.
FILE PHOTO - Belarus President Alexander Lukashenko attends the Roundtable Summit Phase One Sessions of Belt and Road Forum at the International Conference Center in Yanqi Lake on May 15, 2017 in Beijing, China. REUTERS-Lintao Zhang-Pool

Belarus: Western sanctions bordering on a ‘declaration of economic war’

Belarus views Western sanctions, imposed in response to Minsk’s forced landing of a Ryanair plane last month to arrest a journalist on board, as a declaration of economic war, the Foreign Ministry said in a statement on Tuesday.
Supporters of Ebrahim Raisi celebrate his presidential election victory in Tehran, Iran June 19, 2021. Majid Asgaripour-WANA (West Asia News Agency) via REUTERS

Iran accuses U.S. of meddling for criticising election

Iran accused the United States on Tuesday of interference for saying its election was neither free nor fair as political factions traded blame for the record low turnout and high number of invalid ballots.

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The Chairman, Senate Committee on Diaspora, Non-Governmental Organisations and Civil Societies, Senator Surajudeen Ajibola Basiru, has advised the Nigerian and South African governments to work together in solving animosity between the two countries occasioned by xenophobic attacks against Nigerians resident in South Africa.

Grazing routes: President Buhari being misadvised – Osun senator

Senator representing Osun Central in the Senate, Dr. Surajudeen Ajibola Basiru, has said that President Muhammadu Buhari is being ill-advised on the existence of grazing routes in the country by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN).
A new report by the World Bank has indicated that the execution of major infrastructural projects in Nigeria was being driven by foreign sponsors.

World Bank: Rising prices pushed seven million Nigerians below poverty line

The World Bank has stated that inflationary pressure in Nigeria has pushed about seven million Nigerians below the poverty line in 2020 alone.
Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa, said yesterday that the commission arrested more than 400 young Nigerians for internet related fraud in the first three months of 2021.

EFCC boss: Real estate sector major conduit for money laundering

Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has declared that the real estate sector of the economy served as a major conduit for money laundering in the country.
The ultrastructural morphology exhibited by the 2019 Novel Coronavirus (2019-nCoV), which was identified as the cause of an outbreak of respiratory illness first detected in Wuhan, China, is seen in an illustration released by the Centers for Disease Control and Prevention (CDC) in Atlanta, Georgia, U.S. January 29, 2020. Alissa Eckert, MS; Dan Higgins, MAM/CDC/Handout via REUTERS

Nigeria records zero coronavirus death in 14 consecutive days

Nigeria did not record any death from COVID-19 in the last 14 consecutive days, maintaining the death toll of 2,117.
Barcelona star Ousmane Dembélé limped off with an injury during France’s frustrating draw with Hungary at Euro 2020.

Barcelona star suffers injury blow during France’s draw vs Hungary

Barcelona star Ousmane Dembélé limped off with an injury during France’s frustrating draw with Hungary at Euro 2020.