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The acting controller of Ogun Area 1 Command of Nigeria Customs Service Deputy Comptroller Ahmadu Shuaibu on Monday, said that smugglers operating around the border communities in the state have suffered loss of at least N1.5bn worth of goods seized by the command between this year January and September. Shuaibu who lamented this huge loss said that assuming such an amount was spent on legitimate trade, it would have improved […]
The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has pleaded with Nigerians to exercise patience with President Bola Tinubu’s administration given the current economic situation. The Ooni made the appeal during the visitation to his family compound as part of activities to mark the grand finale of the Olojo Annual Festival in the Oketase area, Ile-Ife on Monday. The monarch admitted that Nigeria is currently at its trial period […]
The governorship candidate of the All Progressives Congress in Bayelsa State, Timipre Sylva, and incumbent Governor Douye Diri of the Peoples Democratic Party on Sunday, engaged in a war of words over allegations of spying and violence ahead of the November 11 polls. Sylva claimed in a statement signed by his Special Adviser, Media and Publicity, Julius Bokoru, that Diri had recruited spies to monitor his movements but the second-term-seeking […]
The Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Muhammad Shehu, says Nigerians must endeavour to pay their taxes to boost government revenue and improve service delivery. This is as the RMAFC boss noted that less than 40 million Nigerians are presently captured in the tax net and paying taxes. “That is too low for a country that has more than 200 million populations,” he said. Shehu, in an interview with […]
The judgment of the Presidential Elections Petitions Tribunal where President Bola Tinubu was reaffirmed as the winner of the contentious February 25 presidential poll may have come and gone, but the memory and impact of the verdict would continue to linger. Tinubu of the All Progressives Congress had scored a total of 8.7 million votes to defeat the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, and his Labour […]
The Nigerian Customs Service, on Sunday, said only two banks were deactivated recently by the NCS over their failure to remit duties collected. It also stated that the erring banks had been reported to the stipulated financial authorities, including the Central Bank of Nigeria, adding that discussions by all the parties were ongoing currently.
The 36 states of the federation received about N1.51tn, or 34.5 per cent of the total N4.37tn shared by the three tiers of the government between January and June 2023, the Nigeria Extractive Industries Transparency Initiative, said on Sunday. It disclosed this in its second quarter ‘2023 Federation Account Statutory Revenue Allocations Report’ released in Abuja. The report showed the states received about N817.79bn from the N2.32tn total distributable allocation […]
At least four banks recorded N478bn non-performing loans during the first half of this year, according to their financial results Specifically, Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc and two other banks reported N478.93bn non-performing loans by value in the half-year ended June 2023, an increase of nearly 16 per cent from N413.36bn reported in the full year ended December 31, 2022. The other two banks are FCMB […]
The US Mission launched its fifth edition of the Academy for Women Entrepreneurs in Nigeria, in partnership with Ascend Studios to empower 120 women in business. In a statement, it disclosed that AWE would provide 120 women entrepreneurs with the knowledge, network, and access needed to launch and scale successful businesses. According to the statement, the participants were selected from over 3,000 applicants from all regions of Nigeria, and already […]
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