FIRS Suspends Implementation of VAT Guidelines   The Federal Inland Revenue Service (FIRS) has announced the postponement of the implementation guidelines for the value-added tax simplified compliance regime on the supply of low-value goods through digital means by non-resident suppliers. In a...

Airlines’ Trapped Funds: Pressure Mounts Despite CBN's $61m There’s a mounting pressure on the federal government to make significant releases to clear the foreign airlines’ trapped funds amidst their threat to exit Nigeria. This is despite the release of $61.4m by...

'Tinubu’s Trips Gulped N3.4bn in Six Months'   President Bola Tinubu has spent not less than N3.4bn on local and foreign travel within six months of assuming office. The figure is 36 per cent more than the N2.49bn earmarked for the President’s...

Seven Major Marketers Get Approval to Sell Dangote Fuel The seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant. Dealers under the aegis...

EFCC Reopens 13 Ex-Governors' N772bn Fraud Cases   The Economic and Financial Crimes Commission (EFCC) has reopened money laundering cases against 13 former governors and some former ministers, with the amounts involved running into over N853.8bn. Findings by Economic Confidential revealed that...

Tinubu's Encouragement Made The Refinery Project Possible – Dangote Following the successful commencement of production of refined petroleum products by the Dangote Petroleum Refinery, the President of Dangote Group, Aliko Dangote, has expressed appreciation to President Bola Tinubu for his...