Category: Business News

FIRS generates N1.17tn in three months

The Federal Inland Revenue Service generated a total of N1.17tn in the first quarter of this year from the collection of various taxes, according to a document in the possession of our correspondent. This was a significant rise over the N778.19bn recorded in the corresponding period of 2017. According to a letter written by the…

Glo, Huawei to construct 2nd submarine cable, Glo2

Globacom limited has signed a Memorandum of Understanding with Huawei for the construction of Glo 2 submarine optic fibre cable. The cable which comprises of three fiber pairs will offer solutions to the protracted issue of non availability of telecommunications service on off shore platforms. Speaking during the signing of contract between Globacom limited and…

The Minister of Finance, Mrs. Kemi Adeosun; President of Dangote Group, Aliko Dangote; Emir of Kano,  Muhammad Sanusi II; and Chairman of the Federal Inland Revenue Service, Mr. Tunde Fowler, are among the eminent personalities to be honoured with the Merit Award of the Institute of Chartered Accountants of Nigeria this year. Some other eminent…

The Head of Civil Service of the Federation, Mrs. Winifred Oyo-Ita, on Monday heaped the blame for persistent power failures in homes across the country on the electricity distribution companies. She accused the firms of not living up to expectations. Oyo-Ita said this during the unveiling of a new 60MVA and 132/33kV power transformer at…