LIRS Shifts Deadline for Filing of Annual Returns

By Bliss Okperan Operatives of the Nigeria Police Force (NPF) have fired tear gas at journalists and some protesting members of the Judiciary Staff Union of Nigeria (JUSUN) in Osun State. The judicial workers were at the entrance of the Osun State High Court in Osogbo when the security operatives fired teargas to disperse them. According to reports, some members of the media present at the high court were entangled in the crossfire as the police insisted on clearing the way to allow the Chief Judge of the state access to her office on Wednesday. It was gathered that newsmen

By Bliss Okperan The House of Representatives has asked that the Minister of Communication and Digital Economy, Mr Bosun Tijani, intervene in, halt and reverse the increase in the DSTV/GOTV tariffs by MultiChoice Nigeria. A member of the House, Mr Umar Ajilo, moved the motion on Tuesday on the floor, saying the prevailing economic hardship has made it difficult for subscribers to meet up with the increment. Recall that earlier this month, MultiChoice Nigeria introduced new rates for its DSTV and GOTV packages in the country, blaming rising costs of business operations for its action. “On Monday, November 6, 2023,

By Bliss Okperan The Minister of FCT, Mr Nyesom Wike, has been advised to extend an olive branch to the Governor of Rivers State, Mr Siminialayi Fubara. The Minister, who handed over the reins of Rivers State to Mr Fubara, has been at loggerheads with his successor. A few weeks ago, some lawmakers of the Rivers State House of Assembly loyal to Mr Wike attempted to impeach the Governor, but President Bola Tinubu quickly intervened and doused the tension. However, all is still not well with both parties, with the Minister granting an interview last week to accuse his ‘political

By Adedapo Adesanya Nigeria will develop a new integrated national electricity policy and strategic implementation plan, as mandated by the Electricity Act 2023, according to the Minister of Power, Mr Adebayo Adelabu. President Bola Tinubu had on June 9 assented to the Electricity Bill, now an Act empowering states, companies and individuals to generate, transmit and distribute electricity. This, in turn, repealed the Electric Power Sector Reform Act (EPSR A), 2005 and create a comprehensive legal and institutional framework to guide the Nigerian Electricity Supply Industry (NESI). Mr Adelabu, while speaking on Monday at the Nigeria Electricity Management Services Agency

By Adedapo Adesanya The Nigerian currency appreciated against its United States counterpart on Tuesday, October 31 after plunging to its lowest level in the Nigerian Autonomous Foreign Exchange Market (NAFEM) a day earlier. At the official market yesterday, the value of the Naira to the Dollar improved by 18 per cent or N178.50 to close at N815.32/$1 compared with the previous day’s rate of N993.82/$1. The local currency gained weight during the trading session despite the supply of foreign exchange (forex) declining by $13.58 million or 15.4 per cent to $74.73 million from the $88.31 million transacted on Monday, according

By Dipo Olowookere 2016 Global Economic Summary The global economy remained sluggish in 2016 with a forecast of 3.1% in global GDP growth according to the International Monetary Fund (IMF), compared to 3.4% originally projected, and 3.2%1 achieved in 2015. Uncertainty took centre stage during the year, as global economies grappled with unpredictable geopolitical developments, ranging from Brexit referendum in June to the result of US presidential elections in November. The vast disparity between forecasted outcomes and actual results left several emerging and frontier economies, and their respective capital markets, in peril as the movement of international capital stalled in

This piece of news will excite those who have worked hard for the country and have now retired. This is because the Federal Government has reiterated its commitment to improve the welfare of pensioners. At a media briefing in Abuja, Head of the Civil Service of the Federation, Mrs Winifred Oyo-Ita, said the government has lined up a number of programs to assuage some of the challenges confronting effective service delivery to pensioners. She disclosed this while addressing newsmen in her office as part of activities to mark the 2016 Nigeria Civil Service Week celebration. Mrs Oyo-Ita stated that “a

By Modupe Gbadeyanka Since the present management of Keystone Bank Limited under the leadership of Mr Obeahon Ohiwerei came on board in August 2017, the financial institution has witnessed significant transformation both structurally and in market competitiveness. In a chat with newsmen in Lagos on Monday, Mr Ohiwerei explained that the bank’s current strategic focus anchors on a blend of professionalism and best-in-class yet cost-effective technology to drive customer convenience across all touchpoints. According to him, “What was otherwise a fringe bridge-bank player has increasingly reinvented itself in the market place as medium-sized in scale yet replete with the vibrancy,

By Adedapo Adesanya Almost 22 years after pledging to set a target of allocating at least 15 per cent of their annual budget to improve the health sector, the World Health Organization (WHO) has declared that Nigeria is still far from meeting the goal. In April 2001, heads of state of African Union countries met in Abuja and pledged to set a target of allocating at least 15 per cent of their budget to the health sector. In commemoration of this year’s World Health Day, which coincided with the 75th anniversary of the establishment of WHO, the Abuja Declaration on

The Securities and Exchange Commission (SEC) has announced the postponement of the Q1 Capital Market Committee (CMC) meeting earlier scheduled for April 23, 2020. The apex capital market regulatory agency, in furtherance of its role, has also issued an advisory that would mitigate the impact of COVID-19 on capital market operations. In a circular to capital market stakeholders on COVID-19, the SEC released a number of market-focused adjustments to be adopted in the interim in response to the effects of COVID-19 which includes filing and processing of applications electronically, extension of deadline on 2019 annual reports and Q1 2020 reports.

By Dipo Olowookere At least nine civilians have been killed in missile strikes launched by the United States military on a Syrian airbase. Among the fatal casualties were four children. On Tuesday, at least 72 people, including 20 children, were reportedly killed in Syria when chemical missiles were launched by those Mr Donald Trump called allies of Syrian President, Mr Bashar al-Assad. The US retaliatory missile attack is the first direct American attack on the Mr Assad’s regime. Late Thursday, President Trump directed the US military to fire dozens of Tomahawk missiles against a Syrian regime airbase. The US launched

By Dipo Olowookere Following an open tender process for 42 territories in sub-Saharan Africa, FIFA has granted media rights to five major broadcasting entities in the region. The tender was launched on October 21, 2016 and included the media rights to all 2017-2018 FIFA events, including the FIFA Confederations Cup 2017 and the 2018 FIFA World Cup. Econet Media, by way of free-to-air and pay-TV transmission for exploitation in all territories of sub‑Saharan Africa except South Africa; Supersport, by way of pay-TV transmission for exploitation in all territories of sub‑Saharan Africa; SABC, by way of free-to-air transmission for exploitation in