FIRS plans tax remittance soft landing for airlines to remain afloat
As part of new moves to save the ailing aviation sector from suffocations caused by tax related challenges, the Federal Inland Revenue Service (FIRS) has proposed a flexible tax payment regime that will meet their Value Added Tax (VAT) remittance…
NNPC claims drop in diesel price to N155/litre nationwide, but market survey differ
Whereas the Nigerian National Petroleum Corporation (NNPC) has claimed that the price of Automotive Gas Oil, also known as diesel, has dropped further from between N175 and N200 per litre since June 18, 2017 to between N155 and N160 per…
Seplat gets one more year of moratorium on $150m revolving credit deal
Resilience indigenous player, Seplat Petroleum Development Company Plc on Monday announced a one-year extension of its Revolving Credit Facility to December 31, 2018. A statement posted on the Nigerian Stock Exchange (NSE) website on Monday evening said that the present…
Why AFREXIM bank pumped $1bn in Dangote group for further investment
More details have emerged explaining why the African Export Import (AFREXIM) Bank has signed a $1billion memorandum of understanding (MoU) with the Dangote Group of Companies at the 24th Annual General Meeting of the bank holding in Kigali, Rwanda. AFREXIM…
Agada, CWG boss explains records N128 million profit in 2016
The Group Chief Executive Officer of pioneer indigenous ICT firm, Computer Warehouse Group (CWG) Plc., James Agada, has opened up on the profit after tax of N128 million in its 2016 operations, despite the microeconomic challenges it faced ib both…
Yudala expands, opens 15 luxury wines/spirits outlets nationwide
Yudala group has concluded plans to unveil about 15 luxury wines and spirits stores nationwide to cater for the sophisticated lifestyle of Nigerians. In a statement issued on Monday, the chief executive officer, Mr. Wole Ogundare said the stores will…
Lafarge’s Graeme Bride wins ‘eRace Cancer’ during NSE’s Corporate Challenge
Graeme Bride from Lafarge Africa came first in the senior citizen category, wining a smartphone and Gym membership as more than 850 participants braved the rain to support the fight against cancer at the 4th edition of the Nigerian Stock Exchange…
NIMASA steps up collaboration with agencies for early takeoff of maritime Varsity
After period of palpable objection, the Nigerian Maritime Administration and Safety Agency (NIMASA), has started working closely with some Agencies of Government at both Federal and State levels to ensure that academic activities at the Nigerian Maritime University (NMU) commence…
Remove telecoms equipments from 41 items barred from CBN’s forex access—ALTON
To tame the observed fall in Quality of Service (QoS) amongst all the telecoms services, the Association of Licenced Telecoms of Nigeria (ALTON) has called on the Central Bank of Nigeria to delist telecoms equipments from the list of 41…
Etisalat: Window of hostile acquisition widens with Belo-Osagie’s resignation
Following the resignation of the Chairman of Etisalat Nigeria, Hakeem Belo-Osagie, from the telecommunications company over the $588.6m debt owed a consortium of 13 banks, pundits following the development has argued that chances of a possible acquisition of the company…
