ECONOMY - Hotmedia

Tinubu Mulls Appointment Of Another Yoruba Man, Prof Sule As Next NIMASA DG

HotmediaSeptember 18, 2023

by HotmediaSeptember 18, 20230662

President Bola Tinubu is considering the appointment of Professor Abiodun Sule for the coveted position of Director-General at the Nigerian Maritime Administration and Safety Agency...

BUSINESS ECONOMY OIL AND GAS TECHNOLOGY

Dangote Refinery Fails To Meet August Production Deadline Of 650,000 Barrels Per Day

HotmediaSeptember 12, 2023

by HotmediaSeptember 12, 20230303

The 650,000 barrels per day Dangote Refinery is yet to begin production after the August commencement date, earlier announced by the President, Dangote Group, Aliko...

BUSINESS ECONOMY FEATURED Finance

FIRS 2023 H1 Collection: A Reflection of the Power and Impact of Citizens’ Civic Obligations Compliance

HotmediaAugust 28, 2023

by HotmediaAugust 28, 20230299

By Femi Onakanren In the aftermath of its record breaking N10 trillion tax revenue collection in the 2022 fiscal year, the Federal Inland Revenue Service...

BUSINESS ECONOMY Finance

How FIRS Is Breaking New Grounds In Revenue Collection

HotmediaAugust 23, 2023

by HotmediaAugust 23, 20230237

By Jantiku Janada Just when we thought the peak in tax collection was attained, the Federal Inland Revenue Service (FIRS) brought forward another harvest of...

BUSINESS ECONOMY Finance

Hard But Necessary Reforms, Imperative To Ramp Up Tax Revenues — Muhammad Nami, Chairman Joint Tax Board

HotmediaAugust 20, 2023

by HotmediaAugust 20, 20230249

For Nigeria to attain optimum tax revenue collection capacity across the Federal, States and Local Government tax authorities, the country must make hard but necessary...

BUSINESS ECONOMY Finance OIL AND GAS

Relief For The Naira: NNPC Ltd Secures $3billion Emergency Crude Repayment Afrexim Bank Loan To Stabilise FX Rates

HotmediaAugust 17, 2023

by HotmediaAugust 17, 20230458

The loan is also expected to help stabilise the foreign exchange market, enable authorities to meet forex demand, and improve the value of the Nigerian...

BUSINESS ECONOMY Finance LATEST

Tinubu Approves CBN’s Plans To Address FOREX Market Volatility

HotmediaAugust 15, 2023

by HotmediaAugust 15, 20230417

Deeply concerned about recent developments in the foreign exchange market, President Bola Tinubu has approved measures to stabilise and enhance liquidity in the market, including...

BUSINESS ECONOMY LATEST OIL AND GAS

Ministry Of Petroleum Resources Unveils New Staff Buses For Enhanced Mobility

HotmediaAugust 14, 2023

by HotmediaAugust 14, 20230474

In a bid to facilitate convenient staff commuting and official engagements, the Ministry of Petroleum Resources has inaugurated two state-of-the-art 32-seater Coaster buses. The commissioning...

BUSINESS ECONOMY Finance LATEST

The FIRS’s Tax Collection Revolution By Salisu Na’inna Dambatta

HotmediaAugust 14, 2023

by HotmediaAugust 14, 20230148

It is akin to a revolution: welcome to the big paradigm shift in Nigeria’s tax collection. The shift is from consistently low, inadequate and below...

BUSINESS ECONOMY Finance LATEST

FIRS Milestone H1 2023 Performance, A Success Foretold – Dapo Okubanjo

HotmediaAugust 11, 2023August 11, 2023

by HotmediaAugust 11, 2023August 11, 20230211

For any one who has paid more than a passing attention to the activities of the Federal Inland Revenue Service (FIRS) in the last four...

ECONOMY FOREIGN NEWS LATEST POLITICS

Update: Niger Coup Leaders Form New Government, Announce 21 Ministers

HotmediaAugust 10, 2023

by HotmediaAugust 10, 20230383

Any escalation would further destabilise West Africa’s Sahel region, one of the world’s poorest areas, where a long-running Islamist insurgency has displaced millions and stoked...

BUSINESS ECONOMY Finance LATEST

In Nigeria: 62 MDAs To Stop Direct Revenue Collection, FIRS Will Take Charge – Presidential Committee

HotmediaAugust 9, 2023

by HotmediaAugust 9, 20230593

The Nigeria Customs Service and 62 other Federal Government Ministries, Departments, and Agencies (MDAs) will halt direct revenue collection, according to the Presidential Committee on...

BUSINESS ECONOMY Finance

Full List Of 182 NDIC Liquidated Banks In Nigeria

HotmediaAugust 8, 2023

by HotmediaAugust 8, 20230535

••• NDIC to pay depositors of 182 liquidated banks The Nigeria Deposit Insurance Corporation said it had commenced the process to pay depositors of...

BUSINESS ECONOMY Finance LATEST

Muhammad Nami Emphasizes Urgent Reforms For Increased Tax Revenues In Nigeria

HotmediaAugust 7, 2023

by HotmediaAugust 7, 20230228

For Nigeria to attain optimum tax revenue collection capacity across the Federal, States and Local Government tax authorities, the country must make hard but necessary...

ECONOMY LATEST POLITICS SECURITY

Breaking: Protesters Pull Down National Assembly Gate In Abuja, Force Their Way Into Premises

HotmediaAugust 2, 2023

by HotmediaAugust 2, 202312985

The protesters are currently heading to the second gate of the building and have vowed to also pull it down. Members of the organised labour...

BUSINESS ECONOMY LATEST TECHNOLOGY

How The FIRS Is Ensuring Progressive Policy Implementation By Leveraging Technology

HotmediaAugust 1, 2023

by HotmediaAugust 1, 20230204

By Femi Onakanren In January 2023, the FIRS announced a landmark tax revenue return of N10.1trn in both oil (N4.09trn) and non-oil (N5.96trn) for 2022....

ECONOMY LATEST

Full Text Of President Tinubu’s Broadcast To Nigerians

HotmediaJuly 31, 2023

by HotmediaJuly 31, 20230315

The President defended the decision to remove subsidy, collapse multiple exchange rates and announced palliative packages to cushion the effects of recent policies. TEXT OF...

BUSINESS ECONOMY Finance

How To Protect Your Business From The Volatility Of The Naira

HotmediaJuly 30, 2023

by HotmediaJuly 30, 20230218

The latest earnings results on the NGX show that blue-chip brands that include Airtel Africa, Guinness Nigeria, Nigerian Breweries, and Cadbury Nigeria lost a significant...

ECONOMY Finance LATEST POLITICS

Corruption: Tinubu Appoints Special Investigator To Probe Central Bank Of Nigeria

HotmediaJuly 30, 2023

by HotmediaJuly 30, 20230232

Obazee, who was fired by President Muhammadu Buhari in 2017, investigated the CBN under the tenure of Sanusi Lamido Sanusi. The former chief executive officer...

BUSINESS ECONOMY Finance LATEST

Dollar To Naira Exchange Rate Crashed To Lowest

HotmediaJuly 27, 2023

by HotmediaJuly 27, 20230517

The naira to dollar rate crashed to almost N900/$1 trading as high as N855/$1 on Tuesday, and as low as N650/$1 in the Investors’ and...

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