MultiChoice Rejects Tax Tribunal’s Ruling On $342m Payment     MultiChoice Africa Holdings (MAH), the parent company of MultiChoice Nigeria, has rejected Tuesday’s ruling of the Tax Appeal Tribunal (TAT), which dismissed its appeal against the $342million Value Added Tax (VAT) bill slapped on it by the...

Senate Panel Rejects Buhari’s $700m Loan Request   The Senate Committee on Local and Foreign Debts on Wednesday rejected President Muhammadu Buhari’s loan request to the National Assembly for the Sustainable Urban and Rural Water Supply, Sanitation and Hygiene project under the Ministry of Water Resources. The...

PenCom Recovers N19.29bn Unremitted Pensions   The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Figures obtained from PenCom’s quarterly report on Tuesday showed...

'e-Commerce Will Hit $75bn By 2025'   Agusto & Co, has predicted an influx of new entrants into the small and medium scale enterprises (SMEs) segment of the Nigerian economy. It also estimated that Nigeria recorded a volume of $12 billion transaction on online purchases in 2020,...

In One Year, Oil Companies’ Gas Flare Payments Jump From $15.4m To $307.4m   Gas flaring payments made by oil companies increased from a meagre $15.5 million to $307.4 million between 2018 and 2019, the most recent audit report from the Nigeria Extractive Industries Transparency Initiative...

IPMAN To Present Over N50bn Claim To Downstream Authority   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said it would present its outstanding claims of over N50 million to the Midstream and Downstream Regulatory Authority’s management. It's National Vice President, Alhaji Abubakar Maigandi, said IPMAN...