Business

Custodian investment paid ₦419m penalties in 2025

  • 5th April 2026

Fidson Healthcare’s revenue surged 41% to ₦119bn in

  • 5th April 2026

Tinubu appoints Shu’aibu Aliyu as PTDF executive secretary

  • 2nd April 2026
Cocoa hits largest weekly gain in 24 years at $6,470 as Nigeria's supply drops

High fuel costs disallow cocoa processors amid price

  • 2nd April 2026

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Tinubu appoints Olusi as new BoI boss

Tinubu approves ₦3.3trn power debt to restore stable electricity

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Five nations launch first cross-border birding route

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FCT residents groan as petrol price hits over ₦1,300/litre

Transportation

OPEC+ raises oil quota for May amid Iran war

Oil and Gas

Tag: Tax evasion

Air Peace suspends flights over NiMet strike, cites safety concerns
Aviation

Air Peace rejects Lagos govt tax evasion allegations

Nigeria’s largest airline, Air Peace, has dismissed reports alleging that its Chairman and Chief Executive Officer, Allen Onyema, and Vice Chairman, Alice Onyema, are facing a tax evasion suit filed by the Lagos State Government. The airline, in a statement issued on Monday, described the claims as surprising and unsubstantiated. It noted that neither the […]

featured Finance

LIRS vows to recover unpaid taxes through banks, employers

The Lagos State Internal Revenue Service has announced that it will enforce its statutory powers to recover unpaid taxes from defaulting taxpayers through third parties, including banks, employers, debtors, tenants and business partners. This is contained in a public notice dated January 21, 2026, and sighted by our correspondent on the LIRS website on Sunday. […]

Scams

EFCC warns businesses against tax evasion, financial malpractices

The Economic and Financial Crimes Commission has issued a stern warning that tax evasion, the submission of false declarations, and other financial malpractices are not just illegal but constitute a grave disservice to the nation. This was stated by the Commission’s Acting Zonal Director for the Kano Zonal Directorate, Sa’ad Hanafi, during a one-day sensitization […]

Seven banks paid N392.53bn in taxes in first half of 2024
News

Edo laments tax evasion, revenue loss to Delta

Stakeholders in Edo State, including commissioners, senior civil servants, and members of the judiciary, have lamented the continued loss of revenue through tax evasion. It was revealed that many people working in Edo State pay their taxes to the Delta State government. The Edo State Inland Revenue Service has adopted a Treasury Single Account to […]

FBN Insurance targets 1m customers in one year
Banking

Tax evasion: Kogi govt seals First Bank branches

Kogi State Government has sealed all branches of First Bank Nigeria PLC operating in the state following an order by a High Court sitting in Lokoja. The order was carried out by men of the Kogi State Internal Revenue Service following the inability of the bank to liquidate its outstanding tax liabilities of over N411.12 […]

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