NGF Endorses Tax Reform Bills Process, Rejects Increment In VAT Rate
The Nigeria Governors’ Forum has expressed support for the ongoing legislative process aimed at passing President Bola Tinubu’s Tax Reform Bills at the National Assembly. […]
Business
Nigeria’s FX reserves drop by $359.81 million in one week
Nigeria’s foreign exchange (FX) reserves have recorded a notable decline, shedding $359.81 million within a single week to settle at $40.56 billion as of January […]
EFCC files charges against Otudeko for ‘obtaining over N30bn loan under false pretence’
The Economic and Financial Crimes Commission (EFCC) has filed a 13-count charge against Oba Otudeko, a former chairman of First Bank Nigeria (FBN), and three […]
UAE President to visit Nigeria as bilateral ties strengthen
In a move to strengthen bilateral relations and economic cooperation, United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan has accepted an invitation […]
Court freezes Iroko TV boss bank accounts amid debt crisis
The Federal High Court, Lagos Division, has given an interim order to freeze bank accounts linked to Iroko TV boss Jason Njoku amid a legal […]
NCC mandates Telcos To Disconnect 9 Banks Over USSD Debt
Following a backlog of unpaid debts, the Nigerian Communications Commission has authorised telecommunications companies to disconnect the Unstructured Supplementary Service Data codes assigned to nine […]
$225million Debt: Court Issues Warrant Of Arrest On Nduka Obaigbena’s Oil Vessel In Rivers State
The Federal High Court in Rivers State has ordered the Nigerian Navy to arrest and detain an oil vessel belonging to General Hydrocarbons Limited, a […]
Crude oil cargo owned by General Hydrocarbons arrested
The legal battle between Femi Otedola’s First Bank and Nduka Obaigbena’s General Hydrocarbons Limited has intensified. In the latest development, the Federal High Court in Port Harcourt has […]
Banks fined N150m each for failing to dispense cash via ATMs
The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines […]
Court Asked To Wind Up Lagos Firm Over Alleged Debts
The Federal High Court In Lagos State is set to hear a case, seeking the liquidation of a Lagos-based firm, Sunrise Products Ltd, due to […]