Reps Fault Banks, Begins Probe Of $30bn Revenue       The House of Representatives’ Joint Committee on Finance, Banking and Currency has begun an investigation of the leakages amounting to $30bn annually in the transfer of funds to execute international contracts, interbank transfers, among others. At its inaugural...

Tax defaulters to pay 50% of disputed amount into court account before hearing Tax defaulters who plan to institute legal cases against the Federal Inland Revenue Service (FIRS) now have to pay 50% of the assessed amount in dispute into an interest-yielding account of the...

36 Firms Delisted From Stock Market In Five Years       A total of 36 companies have delisted from the Nigerian stock market between May 2016 and May 2021, even as five more are currently undergoing delisting process. The latest data collated from Nigerian Exchange Limited showed that...

We Don't Grant Tax Waivers to  local, foreign investors"-Nami The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has disclosed that the Service did not grant any tax waivers to any local or foreign investors in the country as the FIRS Act did not...

Reps Want Urgent Measures to Curb Fall In Naira Value The House of Representatives has urged the Central Bank of Nigeria (CBN) to urgently put in place a policy to check further devaluation of the naira to the United States dollar and other international legal...

Buhari Inaugurates Lagos-Ibadan Rail Line For Commercial Operations President Buhari on Thursday inaugurated the commercial operations of Lagos-Ibadan railway project at the Mobolaji Johnson Railway Station, Ebute Metta, Lagos, describing the feat “as another milestone in the drive of this Administration to revitalize the railway...