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  • LIRS engages 1,200 tax audit professionals

    In its drive to ensure full maximisation of its revenue generating potential and to commence tax audit exercise of 2016 in earnest, the Lagos State Internal Revenue Service ((LIRS) has engaged 1,200 members of the Chartered Institute...

    • Posted April 30, 2016
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  • Buhari promises States more money

    President Muhammadu Buhari on Thursday promised to make more money available to states to tide them over the prevailing financial difficulties that have made it impossible for them to pay their workers’ salaries for months. The president made...

    • Posted April 30, 2016
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  • Buhari seeks World Bank’s help to revive economy

    The Managing Director and Chief Operating Officer of the World Bank, Sri Mulyani Indrawati, held talks with President Muhammadu Buhari in Abuja on Wednesday on how the bank could help Nigeria overcome an economic crisis caused mainly...

    • Posted April 29, 2016
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  • NNPC restructuring ongoing – Kachikwu

    The restructuring at the Nigerian National Petroleum Corporation has not ended but is ongoing, the Minister of State for Petroleum Resources and Group Managing Director of the oil firm, Dr. Ibe Kachikwu, has said. According to Kachikwu,...

    • Posted April 29, 2016
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  • Lagos ports idle as imports tumble

    Activities at the Lagos ports have gradually come to a grinding halt as the foreign exchange restrictions announced last year by the Federal Government takes a heavy toll on the nation’s economy. This situation has left many...

    • Posted April 29, 2016
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  • FG to address challenges in insurance sector

    The Minister of Finance, Mrs. Kemi Adeosun, has said that the Federal Government will address the low performance of the insurance sector. She said this during the West African Insurance Companies’ Association educational conference in Lagos on...

    • Posted April 29, 2016
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  • Oil hits 2016 high due to falling output, weaker dollar

    Oil hit its highest level wednesday driven by a falling dollar and evidence of declining United States supply, putting the price on course for its strongest monthly performance since last April, the News Agency of Nigeria (NAN)...

    • Posted April 29, 2016
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  • Lagos completes restructuring of N167.5bn bond

    Lagos state government yesterday said it had successfully completed the restructuring of its N167.5 billion Programme II, Series 1 and 2 Bonds. In a statement, the State Commissioner for Finance, Mr. Akinkunmi Mustapha, said the restructuring which...

    • Posted April 29, 2016
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  • CBN records N123bn operating surplus

    The Central Bank of Nigeria’s (CBN) Consolidated and Separate Financial Statements for the year ended 2015 released on Wednesday showed that its net income for the year was N108.530 billion, while its Group net income was N123.074...

    • Posted April 29, 2016
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  • World Bank gives Kachikwu thumbs up on NNPC reforms

    The World Bank wednesday said it was impressed with the reforms initiated by the Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, at the state-run...

    • Posted April 29, 2016
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  • We will fix Lagos-Ibadan Expressway despite court injunction – FG

    Funding for the Lagos-Ibadan Expressway is captured in the 2016 budget and the road will be constructed despite court injunctions against its further development, the Federal Government has said. It argued that the development of the country...

    • Posted April 28, 2016
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  • NUPENG faults Kachikwu on fuel diversion claim

    The Nigeria Union of Petroleum and Natural Gas Workers on Tuesday reacted to the claim of fuel diversion by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, describing it as a cover-up for the Nigerian...

    • Posted April 28, 2016
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  • 90 power turbines not working – Fashola

    The Minister of Power, Works and Housing, Babatunde Fashola, stated on Tuesday that only 50 out of the 140 power generating turbines in the country were currently functional. Vice President Yemi Osinbajo had on Monday said that...

    • Posted April 28, 2016
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  • Banks record lower impairment charges as risk management improves

    Banks have started improving on their risk management leading to a lower impairment charges and cost of risk (COR) for the first quarter ended March 31, 2016, THISDAY checks revealed on Monday. Huge impairment charges on delinquent...

    • Posted April 28, 2016
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