Muhammed of Information Mohammad Malagi has urged the Nigerian Institute of Public Relations (NIPR) to educate Nigerians on the benefits accruing from the tax reform bill. He made the call on Saturday during the Kaduna state section of the NIPR Annual Conference / Annual General Meeting and Awards 2024 with the theme “The Role of…
FCMB Group Plc has announced a 67% increase in profit before tax (PBT) to 91.8 billion naira for the nine months ended September 30, 2024, reflecting strong financial and operational performance across its business divisions. The group recorded a 67.2% increase in gross income to N587.8 billion, compared to N351.5 billion in the same period…
Less than 3 percent of Nigerians have active insurance plans, according to a recent survey by Cubecover. The company disclosed this recently during an event aimed at increasing access to insurance services in Nigeria. In response, Cubecover CEO Deji Macaulay noted that the company is ready to bridge the gap that hinders access to insurance…
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has explained the essence of the tax reform bills proposed by President Bola Tinubu. Oyedele said the essence of the tax reform bill is not to generate revenue. Speaking during the Tax Reform Bills Town Hall meeting on Monday, he said…
Zenith Bank Plc has broadened its international reach with the inauguration of Zenith Bank (UK), Paris Branch. The official opening ceremony took place on Wednesday, November 27, 2024, at 21 Rue de la Paix, Paris, France, and was officiated by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The…
On Thursday, Tinubu’s proposed tax reform bills made significant progress, successfully passing their Second Reading in the Senate despite some lawmakers’ objections. Senate Leader Michael Opeyemi Bamidele, who led the debate on the Executive Bill, characterized the legislation as a crucial step towards overhauling Nigeria’s tax system. He stated, “These bills are designed to simplify…
Corporate Accountability and Public Participation Africa (CAPPA) has raised concerns about the growing and inappropriate relationships between government officials and the tobacco industry. During a press conference in Abuja on Wednesday, Executive Director Oluwafemi Akinbode called for stricter penalties for violations of smoking regulations to protect the health of all Nigerians. Akinbode pointed out that…
The Nigerian National Petroleum Company Limited (NNPCL) has announced its commitment to collaborate with key stakeholders to increase crude oil production to over two million barrels per day (bpd) by the end of 2024. Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, shared this information in a statement on Monday, addressing concerns regarding discrepancies…
The Statistician General of the Federation, Adeyemi Adeniran, has announced that Nigeria’s Gross Domestic Product (GDP) growth rate in real terms (constant prices) rose by 3.46% in the third quarter (Q3) of 2024 compared to the same period last year. In a statement released on Monday, Adeniran noted that this growth represents an increase of…
Nigeria’s Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) for marketers, bringing it down to N970 per litre. Anthony Chiejina, spokesperson for Dangote Group, shared this update in a statement on Sunday. The refinery, which has a capacity of 650,000 barrels per day, has decreased the petrol price by…
