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FIRS eyes improved tax-to-GDP ratio with e-invoicing system

11.03.2025
The Federal Inland Revenue Service has called on large tax consultants to embrace the electronic invoicing system, saying it is key to boosting the country’s tax-to-GDP ratio by improving tax compliance, enhancing transparency, and curbing revenue losses. This call was made on Monday in Lagos during a stakeholder engagement forum focused on the phased rollout...
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Firm seeks SEC approval for crowdfunding platform

11.03.2025
Promiseland Building and Construction Limited has applied to the Securities and Exchange Commission for approval to operate as a crowdfunding intermediary in Nigeria. In a letter signed by its Chairman/Chief Executive Officer, Lawrence Emmanuel, and addressed to the SEC, the company stated its intention to establish and manage a crowdfunding platform to support capital formation...
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Soto Gallery, Ecobank collaborate on art fair

11.03.2025
The organisers of the +234 Art Fair, Soto Gallery, have partnered with Ecobank Nigeria Limited and Africa Finance Corporation to hold the second edition of the fair. In a statement on Monday, Ecobank said the event, which will take place later this month at its Pan African Centre in Victoria Island, Lagos, has as its...
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74 Chinese firms eye Nigeria’s oil sector

11.03.2025
About 74 Chinese companies have indicated interest in investing in Nigeria’s oil and gas sector. These companies are part of the 216 companies from China that are interested in investing in various sectors of the country’s economy, according to a statement issued by the Nigerian Upstream Petroleum Regulatory Commission on Monday. The Chairman of the...
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FirstBank unveils dollar fund for female employees

11.03.2025
FirstBank has launched a dollar-denominated money market fund for its female employees under the FirstBank Women Network. The Chief Executive Officer of FirstBank Group, Olusegun Alebiosu, announced this on Friday at the bank’s International Women’s Day celebration held in Lagos. This year’s International Women’s Day, observed on March 8, is celebrated under the theme ‘Accelerate...
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Nigerians import fewer cars amid high inflation, FX

11.03.2025
Nigerians imported fewer passenger motor cars in 2024 as rising inflation and the continued naira depreciation made foreign exchange more expensive, driving up the cost of vehicle imports. The latest data from the foreign trade report of the National Bureau of Statistics showed that the total value of passenger car imports fell by 14.3 per...
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FG, tanker drivers split over 60,000 truck ban enforcement

11.03.2025
Despite a public announcement that trucks transporting more than 60,000 litres of hydrocarbon products would be prohibited from loading at depots and using federal roads from March 1, 2024, the Federal Government seems to have failed to enforce this order. Industry operators said the government has shifted enforcement of the policy announced two weeks ago...
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Wema Bank champions financial inclusion for women

11.03.2025
Wema Bank, recognised as Nigeria’s most innovative financial institution, has unveiled an extensive lineup of activities to commemorate International Women’s Day (IWD) 2025, underscoring its strong commitment to gender equality and inclusion. According to the bank, its IWD 2025 event will be held in Lagos under the theme, ‘Harnessing Innovation & Technology To Accelerate Financial...
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ROGEAP, Ecobank to train SMEs in renewables

11.03.2025
The Regional Off-Grid Electricity Access Project, in partnership with Ecobank Nigeria, has announced a three-day Entrepreneurship Business Training Workshop for small and medium enterprises in the solar energy sector in Abuja. According to a joint statement by the partners, the training, scheduled for March 10-12 in Abuja, will empower 50 SMEs with technical, financial, and...
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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...

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04.10.2024
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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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