Business

FIRS generated over N21.7trillion revenue in 11 years, says former Chairman

The service modernised its system to position it as a 21st Century tax agency

ANALYSIS: For this illustrious taxwoman, an era ends, another begins…

Mrs Omogui Okauru's era lifted Nigeria's tax system, putting it in a pole position to generate more revenue than ever for government

FIRS boss, Ifueko Omogui Okauru, bows out untainted

Her tenure saw remarkable reforms in the tax system which in turn inspired astronomical growth in oil and non-oil revenues by more than four folds

Market operators optimistic about new listings rules

Shareholders association says revelations from the National Assembly probe of SEC is impacting investors

About 83 percent of GDP in 2010 spent on food, other consumables, says statistics bureau

Tubers and plantain constitute the staple food of most Nigerian homes

Stock Market report for Tuesday

Banks still announce profits despite poor performance of economy

NNPC puts Kaduna Refinery current daily production capacity at 2.5million litres

The new production figure is the highest in 10 years of the 32-year old refinery

A power station used to illustrate the story

Canadian firm to get $23.7million to manage PHCN's successor company

Manitoba wants the hefty sum as fees for providing management services to one of PHCN successor companies

World Bank: Jonathan steps up campaign for Okonjo-Iweala

Nigeria urges that her candidacy receives fair consideration in an open, transparent and merit-based process

Ex-militants block road to ExxonMobil

The youth carried placards demanding the relocation of the headquarters of Mobil Producing Nigeria (MPN) from Lagos to Akwa Ibom.

Regional bank raises Nigeria

Sealink project to deepen trade and boost transportation within the West African sub-region

Abandoned N37billion health centre projects rot away nationwide

States say same buildings reported by the contractor to have been completed had been there before the project

NDIC pays 71,000 depositors of closed micro finance banks

Depositors are to be paid through First Bank, Access Bank, Unity Bank, Mainstreet Bank, Union Bank, Wema Bank, UBA and Zenith Bank.

Stock market ends week on low performance

Total volume traded during the week closed at 1.44 billion units valued at N11.52 billion, compared with the 1.01 billion units valued at N13.49 billion recorded last week

Financial Times says Okonjo-Iweala is best candidate for World Bank presidency

Top international financial newspaper says Nigeria

CBN says Nigeria

The Central Bank of Nigeria admits to misrepresenting the foreign reserves figures.

Negative sentiments characterise stock trading

The cheery news of proposed dividends by some companies yesterday could not salvage the negative trend in the market

AMCON may seize 36 states accounts over N337.7billion public debts

The asset management is to move against states yet to pay back the N79.97billion loan related to the London Club debt buy-back

I'm the candidate to beat, says Okonjo-Iweala

The finance minister says Africa has credentials, global support to lead the World Bank

Akwa Ibom, Rivers may opt for political solution over payments on disputed oil wells

RMAFC panel had recommended that Akwa Ibom state government should refund about N10.91 billion to its Rivers state counterpart on the basis of the existing revenue indices

Revenue Commission warns against reckless waivers on Custom duties

Revenue agencies must be concerned more with how the cake is baked, or how to increase the size of the cake, rather than dissipate energy in sharing a cake that is reducing in size

Contractors delay SIM registration data verification- NCC

NCC plays the blame game over SIM card registration

Govt to spend N30million on iPad for FAAC members

Group condemns plan as another clever way government officials steal from the annual budget

Nigeria, General Electric seal $10billion deal on new power plants

Government will tap a small percentage of the National Pension Fund NPF) to finance some of the power projects

Nigeria Customs working toward zero-hour cargo clearance

“If you are able to pay your duty in two hours, you take your goods and go,