Metro

Lagos CP Reassures Lagosians Of Peaceful Elections

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The Commissioner of Police, Lagos State, CP Zubair Muazu has called on eligible voters in the state to come out enmasse on Saturday to vote in the Presidential and National Assembly election. Muazu in a press statement made available to National Wire, restates that the command, as part of its commitment to a peaceful conduct of the polls, has adequately …

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N298bn Generated From VAT In Q4, 2018 – NBS

The National Bureau of Statistics said Nigeria generated N298.01 billion from Value Added Tax in the fourth quarter, 2018. NBS said this in a Sectoral Distribution of VAT report for the fourth quarter, 2018 posted on its website. The News Agency of Nigeria reports that VAT is a consumption tax placed on a product whenever value is added at each …

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Lassa Fever: Death Toll Reaches 75 As Nigeria Records New Cases

The death toll from the ongoing Lassa fever outbreak in Nigeria has risen to 75, the Nigeria Centre for Disease Control (NCDC) has reported. NCDC in its situation report on the disease released on Friday said 25 new cases of the disease were confirmed and six new deaths reported between February 11 and 17. The report for week seven stated …

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FIRS Gets N23b Unpaid Tax From Corporate Firms

The Federal Inland Revenue Service (FIRS) has generated over N23billion in unpaid taxes from the recently suspended substitution exercise on corporate bank accounts, marked by the imposition of restriction on the accounts of tax-defaulting organisations. FIRS Chairman, Babatunde Fowler, who spoke in Lagos on Thursday at the Manufacturers Association of Nigeria (MAN) Interactive Forum on Tax Matters as guest speaker, …

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The Atiku Abubakar’s NNPC Privatization: What You Need To Know

Ahmed Adamu, PhD Alhaji Atiku Abubakar made a proclamation that he will privatize NNPC if elected President, and that sparked concerns and curiosities in the minds of some Nigerians, so I decided to write this article to explain the entire concept of NNPC privatization and its effects, so that people will have a better understanding of the intent and the …

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Oil Prices Fall As U.S. Crude Output Hits Record 12m bpd

Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets. International Brent crude futures were at 66.87 dollars per barrel at 0326 GMT, down 20 cents, or 0.3 per cent, from their last …

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FMDQ Lists Mixta Real Estate Bonds & Commercial Paper

Housing & Infrastructure development in the nation is taking progressive steps in the right direction, as another corporate, Mixta Real Estate (Nigeria) Plc, taps the debt capital markets (DCM) for funding targeted at this development. The listing of the Mixta Real Estate PLC ₦2.96bn Tranche A and ₦2.32bn Tranche B Series 2 Bonds (the “Mixta Bonds”) under a ₦30.00bn Debt …

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Fidson Healthcare Opens N3 Billion Rights Issue

Fidson Healthcare Plc will begin shopping for N3 billion from existing shareholders from March 6, 2019. The healthcare firm would be offering 750 million shares of 50 kobo each at N4.00 per share to existing shareholders on the basis of one new share for every two shares already held. The company had planned to raise N4.5 billion through the issuance …

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US Closes Lagos, Abuja Embassy For Nigeria’s Rescheduled Elections

The embassy of the United States of America, both in Abuja and Lagos, would be closed on Friday, February 22, 2019. This was contained in a statement published by the embassy on its website, on Thursday. The closure is in compliance with the public holiday given by the Nigerian government to enable eligible voters to participate in the forthcoming elections in …

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Nigeria Decides: IPC Tasks Journalists, Relevant Stakeholders On Safety Consciousness

International Press Centre

The International Press Centre (IPC), Lagos- Nigeria has tasked journalists and other relevant stakeholders on safety consciousness in the performance of key institutional roles as the re-scheduled presidential and national Assembly elections holds on Saturday. IPC Director, Mr. Lanre Arogundade sounded this caution in the light of the emerging accusations and counter accusations by political actors and other players in …

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