Business news
The Executive Chairman of Federal Inland Revenue Service, Mr. Babatunde Fowler, on Tuesday in Kano, said there was no hiding place for tax evaders, who had refused to seize the opportunity provided by the Voluntary Asset and Income Declaration Scheme to pay appropriate taxes. In a keynote address at a training workshop for professionals advising […]
The unavailability of gas is preventing the generation of over 1,500 megawatts of electricity on a daily basis since the beginning of this year. Gas-fired power plants contribute about 70 per cent of Nigeria’s total electricity on the national grid. But the latest industry data showed that the thermal plants had been facing gas supply […]
The Senate Committee on Petroleum (Gas) at the plenary on Wednesday said there was “no cause for alarm” on the allegation that the Nigerian National Petroleum Corporation was running a secret joint venture account. The committee said the dollars in the account were stuck in three banks due to the implementation of the Single Treasury […]
The Central Bank of Nigeria’s Monetary Policy Committee may start cutting interest rates in the first half of the year as inflation eases, the CBN Governor, Godwin Emefiele, has said. Once inflation gets to low double digits “and high single digit happens, then it should be easy for the MPC to begin to look at […]