The Central Bank of Nigeria (CBN) says the general public should continue to return mutilated banknotes to their banks after the earlier announced September 2 deadline. Isaac Okoroafor, CBN’s director of corporate communications, made this […]
Ikeja Electric, an electricity distribution company in Lagos, says it will now begin to send electricity bills to customers via SMS and email. The DisCo has introduced its electronic billing (e-billing) platform, which enables customers […]
Businesses operating in Nigeria’s internet space are preparing to add value-added tax (VAT) to their cost of doing business. Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS) recently announced that the service […]
According to Trading Economics, imports to Nigeria surged 48% year-on-year to N943.6bn in December 2018, mainly driven by purchases of manufactured goods that took the chunk of 88.3% and raw materials, a meagre 12.5%. The […]
The Nigeria Customs Service has ordered a closure of borders around the north-central states. This became effective through a letter signed by MA Dahiru, an assistant comptroller-general of customs in charge of enforcement, and addressed […]
ECONOMIC activities were at the lowest ebb on Monday at the Seme-Krake border. The Nigeria Customs Service (NCS) scanner section at the border post remained closed, while petrol attendants at the ConOil filling station had […]
The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made in other banks. Addressing journalists after the Bankers Committee meeting on Monday, […]
The Federal Inland Revenue Service (FIRS) says it will begin to impose value-added tax (VAT) on online transactions, both domestic and international, with effective from January 2020. Babatunde Fowler, FIRS executive chairman, made this known […]
Bookcraft Limited, publisher of “From Frying Pan to Fire”, a book written by Olusegun Adeniyi, has asked Konga, an online store, to take down pirated copies of the book selling on its platform. In a […]
Residents of Magodo Estate have applauded Ikeja Electric Plc (IE) for providing stable electricity to customers within the Estate following the signing of the Premium Power Agreement. For nearly two weeks residents of the estate […]
A report that Nigerian food products are being rejected in the international market is not cheery against the backdrop of the quest for the diversification of the economy and strong currency. The over dependence on […]
(Caveat: Please engage your sense of humour in reading this article. Sentences may have deeper meanings than what can be readily gleaned on the surface. Or maybe not.) “If you no get money, hide your […]
Thousands of holidaymakers face disruption after British Airways pilots confirmed they will strike across three days in September. Travellers received emails overnight saying flights on 9, 10 and 27 September would be hit by a […]
British Airways has apologised after an “email error” meant some passengers were wrongly told their flights were cancelled following the announcement that pilots would strike for three days next month. Weddings, honeymoons and holidays of […]
An internal fraud perpetuated by some staff of Jumia and its JForce team represented 4% of the total transactions carried out in the first quarter of 2019. This is contained in the half year report […]
The Nigerian Electricity Regulatory Commission (NERC) says the recent review on electricity charge is an adjustment of 2015 tariff. On Wednesday, the regulator released series of publications tagged 2016-2018 minor review of the 2015 multi-year […]
The Nigerian Electricity Regulatory Commission (NERC) has approved new energy tariff for the electricity distribution companies (DisCos) in the country. The commission made this known on Wednesday in a series of publications tagged ‘2016-2018 minor […]
Grasshoppers have ravaged many farms in Shongom and Balanga Local Government Areas of Gombe State, an official, Mr Sunday Lah, has said. Lah told the News Agency of Nigeria (NAN) in Gombe on Friday that […]
Accounts belonging to Obasanjo Farms, Iyiola Omisore and Obasanjo Farms are some of the accounts that have been placed under lien for owing taxes. In a list published on Monday, the Federal Inland Service (FIRS) […]
Garba Shehu, senior special assistant to President Muhammadu Buhari on media and publicity, says his principal has not banned food imports into Nigeria. A week ago, Buhari had directed the Central Bank of Nigeria (CBN) […]
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