Business

LIRS sets January 31st deadline for filing of annual income tax returns
LIRS sets January 31st deadline for filing of annual income tax returns

The Lagos State Internal Revenue Service has set a deadline of January 31 for all businesses and employers in the state to file their annual income tax returns. The Lirs said the move is in line with Section Eighty-One of the Personal Income Tax Act of 2004, as amended. The Executive Chairman of the LIRS, Ayodele Subair,…

NEC recommends 302 naira per litre petrol price
NEC recommends 302 naira per litre petrol price

The Federal Government may increase the price of Premium Motor Spirit better known as petrol, to three hundred and two naira per litre in February 2022 as part of the recommendation of the National Economic Council in November 2021. The recommendations were put forward by the NEC committee discussing with the Nigerian National Petroleum Corporation on the…

President Buhari unveils rice pyramids in Abuja
President Buhari unveils rice pyramids in Abuja

President Muhammadu Buhari has unveiled the rice pyramids in Abuja to mark the annual rice festival. During the ceremony, President Buhari said his administration has initiated different policies to diversify the economic through agriculture. The President said the unveiling of the rice pyramids was an indication that the country is making progress in food security. Also speaking,…

World’s 10 richest men doubled their wealth during Covid pandemic
World’s 10 richest men doubled their wealth during Covid pandemic

Ten of the world’s richest people have seen their wealth multiply during the Covid-19 pandemic. A newly released report also suggested that about one hundred and sixty million people dropped below the poverty line during the period. Oxfam International made the revelations in its report, which was released ahead of the World Economic Forum in Davos, Switzerland.…

Nigeria’s inflation jumps to 15.63% in December – NBS
Nigeria’s inflation jumps to 15.63% in December – NBS

The National Bureau of Statistics says Nigeria’s annual inflation rate increased in December last year, after going down eight months earlier. Figures released by the NBS shows that the inflation rose to fifteen point six-three in December, 2021, from fifteen points four-zero in November of the same year. It says the increase is partly due to the…

ATCON welcomes lifting of Twitter suspension
ATCON welcomes lifting of Twitter suspension

The Association of Telecommunications Companies of Nigeria has welcomed the lifting of Twitter suspension by the Federal Government. The President of the association, Ikechukwu Nnamani, made this known when he featured in a TV interview monitored in Lagos. Nnamani who described the suspension as a sad development, appealed to Nigerians to use the microblogging platform responsibly.

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