Business

FIRS arrests CE0s of seven companies over N2.17bllion tax debts

An enforcement drive by an FIRS team yields recovery of huge debts in taxes from companies owned by prominent Nigerians

BPE issues final bid documents to PHCN investors

Privation of the 18 successor firms of the PHCN enters a crucial phase as dates have been fixed for the bids opening and announcement of the preferred bidder

FIRS solicits lawmakers

The delay in the passage of some amended laws is affecting the capacity to realise tax targets

SEC commissioners accuse Oteh of arbitrarily hiring Access Bank officials

The SEC DG says two Access Bank staff were hired to fill the human resource gap but her commissioners disagree

SEC's top management disown Oteh, say she

SEC commissioners say Arunma Oteh took top management decisions without seeking their input or consent

Oteh attacks Okereke-Onyuike again, says former NSE boss lied on oath

The SEC DG disputes claims by Okereke-Onyuike to the House Committee probing the capital market

Okereke-Onyuike denies raising election funds for Obama

The former stock exchange boss said she was compelled by former president, Olusegun Obasanjo, to take part in the Transcorp project

Nnaji pledges stable power supply by 2013

Government admits mistakes in programmes targeted at improving power supply in the country

Okereke-Onyuike accuses Oteh, CBN of capital market abuses

The former head of the NSE, Ndi Okereke-Onyuike, says SEC and the CBN must take the blame for the crash of the capital market

Oteh fingers Onyuike-Okereke as mastermind of capital market crash

Okereke-Onyuike presided over a rotten market, allowing abuses that eventually destroyed the market and eroded investors' confidence

Customers urge banks to provide more ATMs

Frustrations and disappointments mount over non-performance of ATM machines around Abuja and its environs

NEITI backs lawmakers

The agency wants government to champion transparency and accountability by expediting action on the passage of the PIB

CBN orders foreign airlines to submit information on ticket sales for 12 years

Foreign airlines operating in Nigeria made at least N222 billion in 2011 for their various countries

Group gives graduates, entrepreneurs a shot in the arm

"The internship program is designed to give the successful candidates real life exposure to some of the issues they have been taught in the classroom."

Own up, clean up, Niger Delta activists challenge Shell on environmental degradation

A coalition of civil society groups stage a joint global action in over 16 countries to register their outrage over Shell's dismal environmental conduct in the Niger Delta

FIRS to simplify tax certificate issuance process

complicated process of getting tax certificate would reduce the amount of tax revenue to government

Nigeria to Increase LNG export capacity by 20million tons per annum

The country targets 4million barrels per day of crude oil production capacity by 2020

FSDH Group posts positive results amid investors

The company's declared result translates into a dividend of 25 kobo per share to all its investors

Former Afribank offers voluntary exit option to workers

Mainstreet Bank says it wants to sack over-aged staff which constitute about 65 per cent of its work force

Zenith Bank sacks over 1,200 employees

Those affected are top managers in the bank's bid to restructure its top-heavy management

NIMASA fails to render accounts for 4 years, says fiscal commission

NIMASA has failed to submit its audited financial statements from 2007-2010 and says the reports are still being prepared

Ex-Bank PHB MD, Atuche denies stealing Caverton Helicopter's N4.2b

Former Bank PHB boss says he did not steal from Caverton Helicopters in on-going trial

Reps demand prosecution of Ahmadu Ali-led PPPRA Board over fuel subsidy scam

Former PDP Chairman single-handedly raised the number of fuel importers from 49 to 140 in two years

Capital market stakeholders want SEC DG, Oteh to step down

SEC should be headed by men of high integrity, with knowledge and experience of the country

Subscribers will not pay for number portability service, says NCC

NCC says telecom subscribers will be able to switch service providers while retaining their current SIM numbers from September