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FIRS Extends Due Date for CIT Returns Submission Nigeria’s federal revenue authority has extended the due date for submitting companies’ income tax returns for the financial year 2023, according to a release issued. The Federal Inland Revenue Service attributes its decision to numerous calls it received from companies for the extension of time to submit […]

FBN Holdings: Why You Should Part of the Show A lifeline from a financial behemoth, maybe. FBN Holdings Plc’s share price could surge to N1 trillion if its current largest shareholders fight back by intensifying share purchases from the local bourse. The group has seen about 90% year-to-date return in 2023 already. Shareholders with no […]

Treasury Bills Yield Slides to 6.12% Ahead of Auction The average benchmark yield on Nigerian Treasury bills registered 9 basis points decline to 6.12% in the secondary market ahead of the Central Bank of Nigeria (CBN) primary market auction sales scheduled for midweek. In the last five trading sessions, the Nigerian Treasury bill market was […]

Transcorp Hotels Delivers Impressive Weekly Gain Transcorp Hotels Plc’s market valuation gained 40% in the stock market as alpha-seeking value hunters raised their equity positions in the company ahead of the second quarter of the financial year 2023 earnings season. The hospitality giant stock has been making an uptrend consistently as the local bourse sustained […]

Former President, Chief Olusegun Obasanjo, on Monday, faulted the salaries paid to members of the National Assembly. The former president noted that the salaries received by the members were not based on the recommendations of the Revenue Mobilisation and Fiscal Commission. He lamented that most of those supposed to operationalise the Nigerian constitution were the […]

*Concerns Over Credibility Of NBA Elections A Former Chairman of the National Human Right Commission and member of the Electoral Committee of the Nigerian Bar Association (ECNBA), Chidi Anselm Odinkalu, Ph.D., has announced his resignation from the Committee, raising serious concerns regarding the credibility of the association’s forthcoming elections. In a letter addressed to Yakubu […]

Tantila Security Services, a private security contractor engaged by the Nigerian National Petroleum Company (NNPC) Limited, has intercepted a suspicious vessel with a cargo of 800,000 litres of crude oil on board on July 7, 2023. According to the statement by the state-owned company on Twitter, signed by Garba Deen Muhammad chief corporate communications officer, […]

The immediate past Minister of State for Petroleum Timipre Sylva will on September 28 know whether or not he is qualified to contest the next governorship election in Bayelsa State scheduled for November 11. On Monday, Justice Donatus Okorowo of the Federal High Court in Abuja fixed judgment for September 28 in a suit filed […]

A Chief Magistrate Court sitting in Port Harcourt has ordered that the commander of a vigilante group in the Rundele community, Emuoha local government area of Rivers State, Nyeche Ajuru be remanded at the Port Harcourt Correctional Centre. This followed his arraignment on Monday by the Rivers State Police Command on a three-count charge of […]

Delta State governorship candidate of the All Progressive Congress (APC) in the March 18, 2023 polls, Ovie Omo-Agege, was unable to tender documents before election petition sitting in Asaba at the resumed hearing of his petition against the election of Governor Sheriff Oborevwori of the Peoples Democratic Party (PDP). The former Deputy President of the […]

*As PDP Witnesses Admit Not Reading Witness Statements At Ogun Tribunal The Federal Government on Monday arraigned the Ogun State governorship candidate on the platform of the Peoples Democratic Party (PDP), in the 2023 election, Ladi Adebutu and nine others before an Ogun State High Court, sitting in Abeokuta, for vote buying. Adebutu, who was […]

Legal luminary and founder of Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola, on Monday, said sitting judges should not preside over election petitions tribunals. The nonagenarian Senior Advocate of Nigeria (SAN) said judges who preside over election tribunals should be separate from regular court judges to avoid the halt of cases unrelated to elections. […]