FIRS Pushes Filing period For 2021 Income Tax Returns The Federal Inland Revenue Service (FIRS) has granted a one-off one-month extension for the filing of Company Income Tax returns by taxpayers with December 31, 2020 accounting year-end whose statutory tax...

Nigeria Plans N11.9trn Budget in 2022 The federal government is projecting N900 billion for fuel subsidy in an estimated N11.907 trillion budget for 2022. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said at a public presentation of...

Nigeria's External Reserves Dip further, loses $905.5m in June The country’s external reserves maintained a downward trend as it lost $905.5m in June, figures obtained from the Central Bank of Nigeria showed on Thursday. According to the CBN’s data on the...

OPEC Puts off Plan on Oil Output Cuts The Organisation of Petroleum Exporting Countries (OPEC) yesterday failed to agree on whether or not to keep crude oil output at current levels or open the taps for a further easing of...

$3.9b NNPC equity in Dangote Refinery to Come from Banks Banks have commenced engagements with the Nigerian National Petroleum Corporation (NNPC) on how to lend the corporation $3.9 billion to acquire 20 percent equity in the $19 billion Dangote Petroleum...

Airspace: Nigeria Procures N1.7bn Mobile Control Towers for Active Coverage The federal government has acquired two mobile control towers worth N1.7 billion in order to further enhance coverage of Nigeria’s airspace and improvement of flight safety. The Minister of Aviation, Senator...