Category: Business
Stamp duty applies to new agreements not rent renewal
The Federal Inland Revenue Service (FIRS) says the stamp duty charge on rents and leases would only apply to new agreements and not renewals.
Accor [...]
UBA appoints 6 local CEOs in Africa, international positions and group executives
The United Bank for Africa Group (UBA) has announced the appointment of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola, Kingsley Ulinfun and [...]
FG lifts ban on Executive Jets for flouting Covid-19 guidelines
The federal government has lifted the ban placed on Executive Jets Services for flouting COVID-19 guidelines by flying Naira Marley to Abuja for a con [...]
Nigeria exports $81.48bn electricity on credit as blackout persists
Three neighbouring countries bought a total amount of electricity worth $81.48bn from Nigeria in the last two years, even as many households and busin [...]
Dangote Cement makes N162.9 billion profit in 6 months
Africa’s largest cement producer, Dangote Cement plc, has announced a Profit Before Tax (PBT) of N162.90 billion for the six months ended June 30, 202 [...]
FIRS provides further clarification on stamp duty for rent
The Federal Inland Revenue Service, FIRS has clarified that the stamp duty payable on rent or lease agreement for a period below seven years is 0.78 p [...]
FIRS orders tenants, lessees to pay 6% stamp duty
The Federal Inland Revenue Service (FIRS) has asked landlords and property agents to charge six per cent stamp duty on all tenancy and lease agreement [...]
A A Rano expands frontiers, delves into aviation, launches Rano Airline
Kano-based billionaire business mogul, Alhaji Auwalu Abdullahi Rano, more popularly known as A A Rano, is expanding his business frontiers with the la [...]
FG earmarks 75bn for Youth Investment Fund
The Federal Executive Council (FEC) on Wednesday in Abuja approved the establishment of a N75billion Nigerian Youth Investment Fund (NYIF) to support [...]
Dangote Cement promo: Block makers association urges members’ participation
Block makers and artisans who are major users of cement have endorsed the ongoing Dangote Cement bag of goodies season 2 promo. The building sector pr [...]