Business

United Capital Plc has announced its Audited Financial Results for the year ended December 31, 2024 with profit before tax that grew by 74 per cent  year-on-year to N30.10 billion, profit after tax increased by 111 per cent year-on-year to N24.10 billion,  The company on the Nigerian Exchange Limited (NGX) announced that its  total Asset rose by 83per cent year-on-year…

Kunle Sanni The Federal Government is set to launch a new payment platform today to replace REMITA, the system previously used for revenue collection. According to a memo from the Office of the Accountant General of the Federation, dated February 28 and reported by PUNCH, the new platform, called the Treasury Management & Revenue Assurance System (TMRAS), aims to enhance…

The Lagos State Internal Revenue Service (LIRS) has called on all individual taxpayers, including self-employed individuals, those in the informal sector, and employees under the Pay-As-You-Earn (PAYE) scheme, to submit their Annual Tax Returns on or before March 31, 2025. The Head, Corporate Communications, LIRS, Monsurat Amasa-Oyelude in statement stated that the directive is in accordance with the Personal Income Tax…

……As SEC launches Podcast As the world marks International Women’s Day, Nigerian women have been encouraged to explore investment opportunities in the capital market as a pathway to wealth creation. The Minister of State for Finance, Dr. Doris Uzoka-Anite, made this call during the official launch of the Securities and Exchange Commission (SEC) Podcast in Abuja on Monday. She emphasized…

The National Single Window (NSW) said it poised to collaborate with Nigeria Data Protection Commission (NDPC) on data protection guidance for Nigerians. The NSW Secretariat, led by its Director, Mr Tola Fakolade saiid this when he visited the National Commissioner/CEO, NDPC, Dr Vincent Olatunji. Fakolade provided an overview of the NSW Project, stating that the project.is poised to streamline trade…

Smart Residences Limited (SRL), a leading indigenous hospitality firm, is pleased to announce the successful redemption of its Series 1 commercial paper and the successful raise of its Series II commercial paper with a 100% subscription rate. The Series 1 commercial paper, which was issued on April 24, 2024, was redeemed in full on January 16, 2025, demonstrating SRL’s commitment…

Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners – AP (Ardova Plc), Heyden, or MRS – across Nigeria. This move follows the refinery’s recent reduction of its gantry price from N890 per litre to N825 per litre.…

The Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), Mr. Bamanga Jada, has revealed that the agency is currently facilitating the establishment of liquefied petroleum gas (LPG) processing plants in Onne and Liberty Free Zones with a total storage capacity of 70,000 metric tonnes. He disclosed that when completed, the projects would enhance access to clean…

The Federal Airports Authority of Nigeria (FAAN) has announced the temporary closure of Runway 18R/36L at Murtala Muhammed Airport, Lagos, for maintenance work. According to a statement signed by Mrs. Obiageli Orah, Director of Public Affairs and Consumer Protection, the closure will take effect from 3:00 AM on March 3, 2025, to 11:59 PM on March 4, 2025. The temporary…

The Securities and Exchange Commission (SEC), in its commitment to developing the capital market and increasing participation among Nigerians, is set to train selected women in capital market literacy through its training arm, the Nigerian Capital Market Institute. SEC Director General, Dr. Emomotimi Agama, disclosed this initiative during a meeting with the Minister of Women Affairs, Hajia Imaan Suleiman-Ibrahim. The…