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Court Rules FIRS Can Collect VAT on Ride-Hailing Services

26.07.2025
Justice Akintayo Aluko of the Federal High Court in Lagos has affirmed the authority of the Federal Inland Revenue Service to collect Value Added Tax on food and transport services provided through ride-hailing and delivery platforms like Bolt. In a judgment delivered on Thursday, the court dismissed an appeal filed by Bolt’s Nigerian operators and...
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Lagos Lauded for Women’s Empowerment Initiative

26.07.2025
The Policy Innovation Centre, an initiative of the Nigeria Economic Summit Group, has commended the Lagos State Government for its leadership and commitment to advancing gender equality and economic inclusion through the launch of the Women’s Economic Empowerment Policy Roadmap. Speaking at the launch event, the Board Chairman of PIC, Mr Udeme Ufot, praised the...
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LCCI Urges FG to Prioritize Naira Stability Amid Economic Cr

26.07.2025
The Lagos Chamber of Commerce and Industry has called on the Federal Government to shift its focus from statistical optimism to practical reforms that will restore investor confidence, strengthen the naira, and ease the cost-of-living crisis facing millions of Nigerians. President of the LCCI, Gabriel Idahosa, made the call during the Chamber’s state-of-the-economy briefing in...
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NNPC Invites New Contractors to Fast-Track $2.8bn AKK Pipeli

25.07.2025
The Group Chief Executive Officer of Nigerian National Petroleum Company Ltd, Bayo Ojulari, has assured of the speedy delivery of the $2.8bn Ajaokuta–Kaduna–Kano Natural Gas Pipeline project, adding that the project will unlock economic prosperity when it comes on board. He said to fulfill this commitment, the oil company had to invite new contractors to...
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BAT Nigeria Urges Overhaul of Export Expansion Grant Scheme

25.07.2025
British American Tobacco Nigeria has called on the Federal Government to reform the Export Expansion Grant scheme, describing it as a key step towards strengthening the country’s manufacturing competitiveness and export capacity. According to a statement, the Managing Director of BAT West and Central Africa, Yarub Al-Bahrani, speaking during the 2025 edition of the BusinessDay...
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NGX Extends Bullish Run, Investors Earn N406 Billion

25.07.2025
The Nigerian Exchange sustained its bullish momentum on Thursday as investors recorded a gain of N406bn, pushing the market capitalisation to N84.3tn. At the close of trading, the All-Share Index rose by 642.54 points and 0.48 per cent to settle at 133,199.97. This performance represents a one-week gain of 2.24 per cent, a four-week gain...
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Airtel Africa Posts $156M Q1 Profit, Soaring 408%

25.07.2025
Airtel Africa Plc has reported a profit after tax of $156m for the quarter ended June 30, 2025, marking a significant increase of 408.1 per cent from the $31m recorded in the same period last year. The company disclosed this in its unaudited financial results released to the Nigerian Exchange Limited on Thursday. The telecoms...
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Guinness Nigeria Reports N16.2bn Full-Year Profit

25.07.2025
Guinness Nigeria Plc has reported a profit after tax of N16.2bn for the twelve months ended 30 June 2025, marking a significant recovery from the N54.7bn loss posted in the previous financial year. According to its unaudited financial results released on Thursday, the company recorded a revenue of N496.6bn, representing a 65.8 per cent increase...
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LAPO Backs TEDx to Empower Nigerian Youths

25.07.2025
LAPO Microfinance Bank has deepened its commitment to youth empowerment and sustainable development by sponsoring two major TEDx events, TEDxZamaru and TEDxEnugu, as part of its ongoing investment in innovation, thought leadership, and community-driven change. In a statement, the lender said its support aligns with key United Nations Sustainable Development Goals, particularly Goal four on...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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