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EFCC Opens Probe of Obi, Oduah, Others Over Pandora Papers

EFCC Opens Probe of Obi, Oduah, Others Over Pandora Papers

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There are indications that the Economic and Crimes Commission has commenced investigations into the alleged tax evasion by some Nigerians named in the Pandora Papers. It was gathered that a former governor of Anambra State,...
Nigerian Aviation Authority Set To Demolish Globacom Masts

Nigerian Aviation Authority Set To Demolish Globacom Masts

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The Nigerian Civil Aviation Authority (NCAA) has concluded plans to start dismantling some telecommunication masts belonging to Globacom Ltd, a Global Sattelite Mobile (GSM) telecommunications provider, in various locations across the country over failure...
LCCI To Secure Permanent Site For Trade Fair To Check Costs

LCCI To Secure Permanent Site For Trade Fair To Check Costs

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The Lagos Chamber of Commerce and Industry (LCCI) has stated that it is close to organising its yearly Lagos International Trade Fair on its permanent site. Indeed, the Organised Private Sector (OPS) stated that it...
91 Private Jet Owners Fail Customs’ Verification Test, Risk Forfeiture

91 Private Jet Owners Fail Customs’ Verification Test, Risk Forfeiture

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No fewer than 91 out of 147 identified owners and operators of private jets in the country have failed the verification test conducted by the Nigerian Customs Service (NSC). Of the number of defaulters released...
Customs Restores VAT, Multiple Charges On Imported Aircraft, Spare Parts

Customs Restores VAT, Multiple Charges On Imported Aircraft, Spare Parts

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About three months after the implementation of zero Value Added Tax (VAT) on commercial aircraft and spare parts, the Nigerian Customs Service (NCS) has allegedly restored the collection of 7.5 per cent VAT and...
Federal Government Faces Tough Choices Over Likely Naira Devaluation

Federal Government Faces Tough Choices Over Likely Naira Devaluation

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In apparent contradiction of its earlier stance on floating the naira, the Federal Government, yesterday, prevailed on the Central Bank of Nigeria (CBN) to allow the currency to reflect market realities. According to Vice President,...
Budget Of ‘Growth’ Raises Doubt Amid High Debts, Low Incomes

Budget Of ‘Growth’ Raises Doubt Amid High Debts, Low Incomes

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President Muhammadu Buhari, yesterday, before a joint session of the National Assembly, unveiled a record N16.39 trillion ‘‘Budget of Economic Growth and Sustainability’’ for 2022, with a projected 25 per cent year-on-year rise in...
CSOs Berate FG, VIPs As Pandora Papers Implicate Peter Obi, Others

CSOs Berate FG, VIPs As Pandora Papers Implicate Peter Obi, Others

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Civil rights groups on Monday berated politicians and the elites as 10 Nigerian politicians were implicated in the Pandora Papers for tax evasion. They were among hundreds of individuals from other countries indicted by the...
Zuckerberg Loses $7billion In Hours As Facebook, Others Shuts Down

Zuckerberg Loses $7billion In Hours As Facebook, Others Shuts Down

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Facebook owner, Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward...
Pandora Papers: Global Investigation Exposes Powerful Nigerians

Pandora Papers: Global Investigation Exposes Powerful Nigerians

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A new global investigation exposing the offshore hideaways of some of the world’s most powerful personalities launched yesterday (Sunday) after two years of discreet work by investigative journalists around the world. The project, known as...