The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those in the informal sector, and employees under the Pay-As-You-Earn (PAYE) scheme, to submit their Annual Tax Returns on or before March 31, 2025. This directive is in accordance with the Personal Income Tax Act (PITA) 2004 as amended. Mr. Ayodele…
The Oyo State government has officially flagged off the enrollment of 10,000 basic school pupils into the state’s healthcare insurance scheme. The children, enrolled from 90 schools across 18 LGAs were presented their Insurance scheme ID cards on Thursday at the Ibadan Civic center, Idi-ape, Ibadan, by the Deputy Governor, Barr. Bayo Lawal. The Deputy…
February data pointed to improved growth momentum in the Nigerian private sector. Rates of expansion in output, new orders and purchasing activity all quickened as demand picked up and inflationary pressures showed signs of moderating. That said, with costs continuing to rise sharply, some companies were reluctant to hire additional staff and employment increased only…
After 17 years of hiding in the dark to ship illicit drugs worth billions of naira across the world, the reign of a wanted 59-year-old drug baron Ogbonnaya Kevin Jeff has been brought to a halt following his arrest by operatives of the National Drug Law Enforcement Agency, NDLEA at his hideout in Ojo area…
Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners – AP (Ardova Plc), Heyden, or MRS – across Nigeria. This move follows the refinery’s recent reduction of its gantry price from N890 per…
Justice R.A. Oshodi of a Special Offences Court sitting in Ikeja, Lagos, on February 26, 2025 refused an application of a former governor of the Central Bank of Nigeria, Godwin Emefiele, asking the trial judge to recuse himself from the case on the allegation of bias. Emefiele is standing trial on a 19-count charge bordering…
Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative automotive technology firm, to facilitate access to car ownership in Nigeria. This collaboration has disbursed over ₦4 billion in loans since its inception in August 2024; empowering numerous individuals to purchase their desired vehicles. With approximately ₦1 billion in deals that…
The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Wednesday, February 26, 2025, arraigned Jude Okoye Chigozie, older brother and ex-manager of Paul and Peter Okoye of the defunct P-Square music group, before Justice A.O. Owoeye of the Federal High Court, sitting in Ikoyi, Lagos. He was arraigned alongside his company,…
Dangote Petroleum Refinery & Petrochemicals has slashed the price of Premium Motor Spirit (PMS), or petrol, for the second time this month. It has cut N65 off the previous price of N890, bringing it down to N825 per litre at the gantry (ex-depot). This follows a N60 reduction on February 1. The ex-depot price has…
The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to explain its proposed subscription price increase, set to take effect on March 1, 2025. Exercising its mandate under Sections 32 and 33 of the FCCPA, the FCCPC directed the Chief Executive Officer of MultiChoice Nigeria to attend an investigative hearing at the…