Taiwo Oyedele, the Chairman of the Presidential Task Force on Fiscal Policy and Tax Reforms Committee, has disclosed that the Withholding Tax Regulations 2024 has been gazetted, and will be published today. Oyedele disclosed this on Tuesday (yesterday) during Channels TV’s Independence Day special event — ‘Nigeria’s Challenging Economy: Strategies For Recovery’.He said: “We have seen some […]

By Peter Egwuatu Stanbic IBTC Capital and MiDA Advisors have joined Nigeria Mortgage Refinance Company (NMRC), in announcing a $228 million blended finance deal for mortgage refinancing in Nigeria. The proceeds will be used to make new loans to eligible primary lending institutions by refinancing or prefinancing qualified mortgage loans to borrowers across Nigeria. According to […]

THERE are indications that more of the vessels calling at ports across the African continent have fallen short of minimum standard of safety and seaworthiness as the Abuja Memorandum of Understanding, Abuja, MoU, recorded a total of 23 vessel detentions in 2023 as against 19 in 2022, indicating a 21.05 increase in infraction level. The Abuja […]

By Godwin Oritse IN a move to ensure uninterrupted free flow of traffic in and around the Lekki Port corridor, Lagos government in collaboration with some private investors at the Lekki Port axis have provided six truck parks with capacity to host 3,000 trucks.The was contained in the minutes of a meeting held between stakeholders in […]

By Rosemary Iwunze Prudential Insurance Group, a global insurance entity, has acquired 100 percent stake in Prudential Zenith Life Insurance Ltd (PZL). It will be recalled that the Group acquired 51 percent shares of the Nigerian life underwriting firm owned by Zenith Bank in 2017.The Prudential Group said increase in ownership of the PZL business was a further […]

By Olasunkanmi Akoni The Lagos State Tourism sector has contributed N4.1 trillion to the state Gross Domestic Product, GDP, in recent years. The Oniru of Iruland, Oba Omogbolahan Lawal, disclosed this at the World Tourism Day celebration last weekend, organised by the Lagos State Ministry of Tourism, Arts and Culture, disclosed this. Neighbor recounts how woman abused 12 […]

With 2.3 millionchildrenunimmunised in Nigeria, the United Nations Children, UNICEF, has called for collaboration to accelerate efforts to prioritise immunisation in 100 Local government Areas in Nigeria’s 18 states, saying, “Vaccination essential to children’s health”. Injuries, male colleagues’ attitude almost made me quit welding – Zainab Giwa, Yaba Tech graduate To this end, the Lagos […]

By Ediri Ejoh THERE were indications that the conclusion of the $1.28 billion ExxonMobil-Seplat divestment deal and other similar deals in the upstream segment of Nigeria’s oil industry would increase oil output by 21.4 per cent to more than 1.7 million barrels per day, bpd. President Bola Tinubu said yesterday in his independent day national broadcast, that […]