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No plan to raise company taxes – FIRS

The Federal Inland Revenue Service’s acting chairman, Zacch Adedeji, has allayed concerns from corporate organizations that the FIRS’s intention to raise the country’s tax-to-GDP ratio from 10.86% to 18% will result in tax increases. According to The Punch, Adedeji said in a statement that this decision would not necessarily result in tax increases or the […]

REAN to invest over $80m in renewable energy
News

REAN to invest over $80m in renewable energy

  By Wilson Adekumola   President, Renewable Energy Association of Nigeria, Mr Ayo Ademilua, has disclosed that 80 million dollars is available for energy projects in the country for its members through investors. Ademilua made this known during the Renewable Energy Investment Matchmaking event in Lagos with the theme, ‘Energising Partnerships: Connecting Investors to Transformative […]

Tinubu appoints Olusi as new BoI boss
News

Tinubu appoints Olusi as new BoI boss

  President Bola Tinubu has approved the appointment of Dr. Olasupo Olusi as the Managing Director and Chief Executive Officer of the Bank of Industry. This was disclosed on Thursday by the Special Adviser to the President on Media & Publicity, Chief Ajuri Ngelale. Olusi’s appointment comes on the heels of the voluntary resignation of […]

NLNG begins naira sale, LPG output hits 1.5m tonnes
Oil and Gas

Nigeria listed among largest LNG suppliers to Europe

The International Gas Union has stated that after the United States of America, Qatar, Russia, and Nigeria are the three largest LNG suppliers to Europe. According to The Times, this was noted in the IGU’s 2023 Global Gas Report, which was published earlier today, on October 19. The paper claimed that as Europe’s appetite for LNG increases, […]

TrueCaller appoints Nigerian country manager
Appointments

TrueCaller appoints Nigerian country manager

TrueCaller, the leading worldwide caller ID platform, has appointed Ogochukwu Onwuzurike as its new Nigeria country manager. The Times reported that this is a part of Truecaller’s drive to broaden its business in Colombia and Nigeria, which it refers to as “growth markets.” The Chairman of Truecaller, Nami Zarringhalam, announced the newly hired Country Managers for […]

FIRS announces new TAXPR-MAX platform for CbCR
featured Policy and Regulations

FIRS rules out company taxes’ increment

The acting chairman of the Federal Inland Revenue Service, Zacch Adedeji, has assured top corporate organisations that the agency’s goal of increasing the country’s tax-to-GDP ratio to 18 per cent from 10.86 will not result in higher taxes or new taxes.   He said the President Bola Tinubu-led administration is committed to creating a conducive […]

Kippa shuts banking division, lays off 40 employees
News Tech

Kippa shuts banking division, lays off 40 employees

Nigerian bookkeeping and finance startup, Kippa, has announced that it will close its agency banking division, KippaPay. According to TechCabal, Kippa has let go of 40 employees; dependable sources claim that layoff notices have been distributed and that the affected employees’ last day is November 30. “Those who will be staying back are directly connected […]

WhatsApp to introduce dual account feature - Zuckerberg
News

WhatsApp to introduce dual account feature – Zuckerberg

  Meta’s CEO Mark Zuckerberg has announced that WhatsApp will be having a new feature which will enable users to simultaneously log in with two accounts on a single device. According to Zuckerberg, the move is set to revolutionize the WhatsApp experience, providing convenience and efficiency for millions of users. This multi-account feature is slated […]

Google to begin pixel smartphones production in India
News Tech

Google to begin pixel smartphones production in India

Alphabet’s Google will begin producing smartphones in India, and its flagship Pixel 8 will be available in 2024, according to a company executive on Thursday. Senior Vice President of Devices and Services Rick Osterloh stated at a Google for India event that Google will collaborate with both domestic and foreign manufacturers to make the smartphones […]

Top maritime operator wins golf tournament in Lagos
Business News

Top maritime operator wins golf tournament in Lagos

Bisola David Over the weekend, a maritime expert and the owner of one of Nigeria’s biggest tug supply vessels, MV Atlantic Brigand, Dr Augustine Ndubisi, won the Lord Wilson golf open tournament which took place at Lakowe Lakes Golf Resort in Lagos. According to a statement released by the event’s organizers on Tuesday, Mr. Ndubisi, […]

Nokia profit drops, plans to hack 14,000 jobs
Business

Nokia profit drops, plans to hack 14,000 jobs

Juliet Buna Finnish telecom gear group, Nokia, on Thursday, said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings. According to the AFP, the Finnish telecommunications giant said that it will reduce its cost base and increase operation efficiency to “address the challenging market […]

Business

China to fund Abuja – Kano, Port Harcourt – Maiduguri rails

The Chinese government pledged on Wednesday to refinance and complete the Abuja-Kano and Port-Harcourt-Maiduguri railway projects. The Punch reported that this was according to a statement released on Wednesday by the vice president’s senior special assistant for media and communications, Stanley Nkwocha. Nkwocha claimed that the President of the People’s Republic of China, Xi Jinping, made […]