Commercial banks are insisting on the Central Bank of Nigeria February 10 deadline to deposit old N200, N500 and N1,000 banknotes despite a temporary halt of the process by the Supreme Court.Financial institutions like Stanbic IBTC, Union Bank and other commercial banks said they would stick to the February 10 deadline for accepting old naira…
The FIRS yesterday signed a Memorandum of Understanding (MoU) with the Lagos Internal Revenue Service (LIRS). The MoU signing ceremony took place at the State House, Marina, Lagos State, and was executed by the Executive Chairman, FIRS, Mr. Muhammad Nami, and the Executive Chairman, LIRS, Mr. Ayodele Subair. It was witnessed by the Honorable Minister…
By Ayomide Otitoju The Lagos State Government has said that 27.3% of its entire Y2023 Budget amounting to N482.86 Billion will be expended on providing modern infrastructure for the citizenry. The State Commissioner for Economic Planning and Budget. Mr. Samuel Egube disclosed this at Press Briefing held today at the Bagauda Kaltho Press Centre, Secretariat, Alausa,…
•Sanwo-Olu: ‘Collaboration to check double taxation, widen tax base’ By Ayomide Otitoju Lagos State Government has sealed a bilateral agreement with the Federal Government to harmonise tax administration, raise system efficiency and proffer solution to challenges of multiple taxation. Governor Babajide Sanwo-Olu, on Monday, presided over a ceremony where Federal Inland Revenue Service (FIRS)…
• Governor upgrades rural road 40 years after, flags off project’s expansion to Abraham Adesanya Roundabout By Ayomide Otitoju First phase of the reconstruction and upgrading of the Eti Osa-Lekki-Epe Expressway has now been completed and delivered, with the infrastructure formally opened to vehicular traffic. Lagos State Governor, Mr Babajide Sanwo-Olu was on Wednesday, accompanied…
The Nigerian National Petroleum Company Limited (NNPC Limited) on Tuesday engaged with the oil marketers and security agencies to find ways of addressing the lingering fuel crisis in the country. The engagement, held in Abuja at the instance of the NNPC Limited had in attendance the Chief of Defence Staff, Gen. Lucky Irabor, Inspector-General of…
The Nigeria National Petroleum Company Limited (NNPCL) says it has taken over the operation of Production Sharing Contract (PSC) assets from Addax Petroleum Development Nigeria Limited. The NNPCL Chief Corporate Communications Officer, Garba Deen Muhammad, said in a statement on Tuesday that all closing obligations had been concluded and the assets transferred to the Concessionaire,…
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday told holders of the old N200, N500 and N1000 banknotes that in line with the provision of Section 20(3) of the CBN Act, they would still have the opportunity to redeem the face value of their cash only at central bank offices…
Wakanow, Africa’s foremost travel tech company, has today announced an exclusive distribution partnership with ValueJet, a Fly for Value Aviation Company and Nigeria’s newest domestic airline, to host ValueJet’s inventory on their website and increase local flight inventory available to local travelers. This partnership is aligned with Wakanow’s aim of delivering access to all local…
