FG Begins Harmonisation of Taxes, Inaugurates Committee Today The federal and state governments have commenced harmonisation and codification of taxes at the national and sub-national levels to eliminate multiple taxation and increase revenue. In line with this, President Bola Tinubu is also expected to inaugurate the...

Again, Azman Airline Halts Operations, Asks Staff to Proceed on Leave Barley one month after it resumed operations, Azman Air has again shut down operations as a result of shortage of aircraft. The airline also sent all its staff on leave without pay. The management in a...

World Bank Supports Nigeria, Others with N254bn Solar Power Project The World Bank, Clean Technology Fund and the Dutch Cooperation are to finance the $338.7m (N254bn at the official exchange rate of N750.6/$) solar power projects in Nigeria and other countries in West Africa. Parties in...

Nigeria-Niger Border Closure Threatens $226m Trade The Nigerian-Nigerien trade worth about $226.34m is at risk of breaking down following a border closure between the two countries. The recent border closure by Nigeria with Niger following a military takeover that overthrew President Mohammed Bazoum’s democratically elected administration,...

Turkish Airlines Sacks Pilot for Stopping Co-pilot from Praying in Cockpit  A pilot with the Turkish Airlines (THY) has been fired for opposing the company's new policy on praying in the cockpit. The Chairman of the Board of Directors of Turkish Airlines, Ahmet Bolat, while responding...

Forex Scarcity: Consumer Goods Manufacturers Borrow N1.8trn To Survive   At the backdrop of rising interest rates and foreign exchange scarcity, leading consumer goods manufacturing companies have come under severe funding pressure. Findings from the financial statements of the companies show that they have resorted to very...