SECTOR INSIGHT

We Are Not Recruiting, FIRS Cautious Against Scam

The Federal Inland Revenue Service (FIRS) has on many occasions cautioned the general public to be vigilant and circumspect not to deal with scam artists who pose as recruitment agents for the Service and collect huge sums of money from unsuspecting victims…

01/08/2022 0Comments

Patanmi Rejects Five Percent Telecom Tax

The Minister of Communications and Digital Economy, Prof Isa Pantami has rejected the imposition of five per cent tax on the telecom sector. Speaking in Lagos at the ongoing forum organised by the Nigeria Office for Developing the indigenous Telecom Sector (NODITS), an…

01/08/2022 0Comments

Edo to Bridge 20% of Nigeria’s Palm Oil Supply Gap, Says Obaseki

The Edo State Governor, Mr. Godwin Obaseki has said that the state was poised to bridge at least 20 per cent supply gap in Nigeria’s oil palm market with the inflow of investment into the state through the Edo State Oil Palm…

01/08/2022 0Comments

Real Estate Firms Raised Over N72 Billion from NGX in 10 years

The Nigerian Exchange Limited (NGX) said it has raised over N72 billion for real estate companies in 10 years just as it plans to launch an initiative known as Impact Board to address the lingering housing deficit. Group Chief Executive Officer, Nigerian Exchange…

01/08/2022 0Comments

ABCON Cautions Against Inflation Worsening Policies

The Association of Bureaux De Change Operators of Nigeria (ABCON) has cautioned the Federal Government against policies that can worsen the impact of upward inflationary trend on the populace. ABCON gave this warning in its Quarterly Economic Review for the second quarter of…

01/08/2022 0Comments

CAC To Replace Passport, Driver’s Licence With NIN For Biz Registration

The Corporate Affairs Commission (CAC) said it will soon replace the existing means of identification for persons applying for business and company registration with the National Identification Number (NIN). The Registrar-General of the commission, Garba Abubakar, disclosed this during the 2022 Management Retreat…

01/08/2022 0Comments

CBN Only Directed Account Regularization Of Associations Not Registered With CAC

The Central Bank of Nigeria (CBN) has said it did not direct Deposit Money Banks to seize funds in Community Associations’ Savings Accounts. Recall that The Lawyer had earlier reported that most of Nigeria’s banking service providers recently commenced the process of closing…

01/08/2022 0Comments

High Operating Cost: MAN Asks Federal Govt To Remove 7.5% VAT From Diesel

The Manufacturers Association of Nigeria (MAN) has appealed to the federal government to remove the 7.5 per cent Value Added Tax (VAT) on automotive gas oil (AGO) also known as diesel, pending the normalisation of the international supply system and also prioritise…

01/08/2022 0Comments

Insurance Companies To Face Sanction Over Non-Settlement Of Claims — NAICOM

The National Insurance Commission (NAICOM) has warned that more Insurance companies may be sanctioned for their inability to settle claims, in a bid to sanitise the Industry. Non-settlement of claims has been a major challenge in the insurance Industry, and in June,…

01/08/2022 0Comments

‘NNPC Remitted $2.7bn To CBN Accounts In 6 Months’

The Nigerian National Petroleum Company Ltd, remitted $2.7 billion into its accounts with the Central Bank of Nigeria (CBN) between January and June this year, a document made available to newsmen at the weekend has revealed. This disclosure counters CBN’s claim on…

01/08/2022 0Comments

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