Business

The Federal Inland Revenue Service (FIRS) has apologised to Christians over its Easter message which has stirred controversy among adherents of the faith.  Western Post recalled that FIRS Easter message to Christians in Nigeria, the agency had shared a flier showing a Point of Sale (PoS) machine with the caption, “Jesus paid your debt, not your taxes”. The message triggered…

Chairman of Air Peace Airlines, Chief Allen Onyema on easter Monday, recounted how elements within the Murtala Mohammed International Airport (MMIA), Lagos, are doing everything possible to frustrate the flight operation of the airline into London, which commenced last weekend. Narrating a tale of woes, which he said started more than seven years ago with several stumbling blocks deliberately put…

Dangote oil refinery started supplying petroleum products to the local market on Tuesday, a company executive and fuel marketing associations said, a major step in the country’s quest for energy independence. The refinery, Africa’s largest, was built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20 billion by the continent’s richest man Aliko…

Kunle Sanni The Minister of Aviation and Aerospace Development, Festus Keyamo, has underlined the government’s commitment to supporting Nigerian airlines in securing long-term aircraft leases at competitive rates, in line with global industry standards. The Minister emphasized that the government is dedicated to assisting domestic airlines in their international endeavors and will respond to any challenges that hinder their operations…

Developing East Asia and Pacific is growing faster than the rest of the world but slower than it was before the pandemic, the World Bank said on Sunday in its semi-annual economic outlook for the region. While recovering global trade and easing financial conditions will support economies in the region, increasing protectionism and policy uncertainty will dampen growth. Regional growth…

 African Export-Import Bank (Afreximbank) has partnered with Sterling Bank Plc to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria. This product, branded as ‘Afreximbank Tradelink,’ is one of Afreximbank’s digital offerings under the umbrella of the Africa Trade Gateway (ATG). ATG provides African corporates and commercial banks with relevant digital tools to access market information, connect with…

Sixteen power plants are currently performing below capacity, according to the data from Nigerian Electricity Regulatory Commission (NERC). The electricity market operator on Monday, revealed that some power plants- Afam IV-V, Sapele ST, Olorunsogo NIPP, Omotosho NIPP, Sapele GT NIPP, Ihovbor NIPP, Geregu NIPP, Omotosho, Olorunsogo, Ibom Power, River IPP, Omoku, Trans Amadi, Paras, Taopex Energy and Dadin Kawa- currently…

The Chairman Senate Committee on Capital Market and Institutions, Senator Osita Izunaso has responded to the Central Bank of Nigeria (CBN) new capital base for banks, stating that the policy will boost the capital market. According to him, the new minimum capital requirements for banks operating in Nigeria, with the objective of ensuring a more safe, sound and stable banking…

Many students of Lagos City Polytechnic are expected to enroll for the Diploma Programme of Chartered Institute of Stockbrokers (CIS), following tips on the array of opportunities for professionals in the securities market, offered by the Institute’s first Vice President, Mr Oluropo Dada. Mr Dada, who was the keynote speaker at the 15th Convocation Ceremony of Lagos City Polytechnic recently,…

The Nigerian National Petroleum Company Limited (NNPCL) has described reports of a downward review of fuel prices credited to it on Wednesday as unfounded. NNPCL was reacting to reports suggesting a drop in pump prices for Premium Motor Spirit and Automotive Gas Oil as reported in some sections of the media. The Chief Communications Officer, NNPCL, Olufemi Soneye, dispelled the…