The Lagos State Internal Revenue Service (LIRS) has issued a reminder to all employers in Lagos State to fulfill their statutory obligation to file annual tax returns for the 2024 financial year on or before January 31, 2025. This requirement is in line with the Personal Income Tax Act (PITA) Cap P8 LFN 2004…
Nigerian National Petroleum Company Limited Amid its controversial financial dealings that have negatively impacted the nation’s financial standing, the Nigerian National Petroleum Company Limited has been accused by the Auditor-General of the Federation of diverting a total sum of N2.68tn and $9.77m in the last four years. Findings by Sunday PUNCH using the Auditor-General’s annual reports published…
The Economic and Financial Crimes Commission said it has detained 10 officers over the alleged theft of operational items they could not account for. In a statement on Wednesday, the EFCC’s Head of Media and Publicity, Dele Oyewale, said the arrests followed directives from the Executive Chairman, Ola Olukoyede. While the statement was silent on…
Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) is pleased to announce the successful completion of the first tranche of its equity capital raise programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the…
Nigerian telecommunications companies have proposed a 100 per cent increase in their tariffs, pending approval from the government. The proposal, which has been submitted to the Nigerian Communications Commission, aims to address rising operational costs, including inflation and increased service delivery expenses. The disclosure was made by the Chief Executive Officer, MTN Nigeria, Karl Toriola,…
Obasanjo Former President Olusegun Obasanjo has revealed new details about Nigeria’s refinery woes, recounting failed efforts to privatise the country’s refineries and the subsequent financial losses under government management. In an exclusive interview with Channels TV on Thursday, Obasanjo discussed the Port Harcourt, Warri, and Kaduna refineries during his presidency. He explained how he sought…
Rivers State Governor, Siminalayi Fubara [Credit: X | #SimFubaraKSC] Rivers State Governor, Siminalayi Fubara, has signed the state’s 2025 budget worth N1.1 trillion into law. The budget, christened ‘Budget of Inclusive Growth and Development,’ was presented before the Victor Oko-Jumbo-led State House of Assembly on December 30, 2024. This was disclosed by the governor via…
Cerutti Media Group, the esteemed publisher behind the international magazine brand Richlist, is thrilled to announce the launch of its first edition for the year 2025, as part of their exclusive Happy New Year package for discerning elite readers worldwide. In a statement signed by General Manager Lady Vivian Emaido Moffat Oyeyemi, the organization quoting…
As the clock strikes midnight on December 31st, cheers erupt, fireworks light up the skies, and “Happy New Year” echoes across the globe. It is a moment steeped in tradition, a cultural ritual repeated year after year with unwavering fervour. But amidst the confetti and celebratory toasts, an unspoken question lingers: What, truly, is new…
I brought you back to life politically, Wike slams Odili Nyesom Wike The Minister of the Federal Capital Territory, Nyesom Wike, on Sunday, came down hard on ex-Rivers State Governor, Peter Odili, describing him as a rent seeker and an ingrate for siding with incumbent Governor Siminalayi Fubara. Wike was reacting to Odili’s recent remark…
