Economy Archives - Page 43 of 95

Mar

05

2024

FCT-IRS Warns Abuja Residents of Tax Deadline

Economy, Metro, NewsFCT

The Federal Capital Territory-Internal Revenue Service (FCT-IRS) has issued a stern warning to Abuja residents, urging them to file their tax returns before March 31 or face consequences. The directive, in accordance with the Personal Income Tax Cap. P8, 2011 (as amended), underscores the importance of timely compliance with tax obligations. In a statement released on Tuesday, the FCT-IRS emphasized the legal obligation for individuals residing in the FCT to submit their tax returns before the specified deadline. Failure to comply with this requirement will result in repercussions, as stipulated by relevant laws governing tax non-compliance. The agency stressed that…

Mar

04

2024

By David Okoye

Nigerian Navy Destroys Illegal Refineries and Seizes Stolen Crude Oil in Bayelsa

Business, Economy, Metro, NewsBusiness, Economy, Metro, Navy

The Nigerian Navy Forward Operating Base in Brass, Bayelsa, has conducted a successful operation targeting illegal refinery sites and seized stolen crude oil as part of the ongoing Nigerian Navy Operation Delta Sanity. Commanding Officer Capt. Murtala Aminu Rogo announced the destruction of three illegal refinery sites and a wooden boat, along with the confiscation of 160,000 liters of suspected stolen crude oil. The operation, aimed at combating illegal oil theft and bunkering in the Niger-Delta region, resulted in the interception and destruction of illegal activities following patrols conducted by Navy personnel along the Brass River and Akassa general area.…

Mar

04

2024

By David Okoye

Vice President Shettima Praises Tinubu’s Economic Reforms and Job Creation Initiatives

Economy, Metro, News, Opinion, PoliticsEconomy, Kashim Shettima, Next Level, Opinion, Politics

Vice President Kashim Shettima lauds President Bola Tinubu's economic reforms, stating they will strengthen Nigeria's economy despite short-term challenges. Speaking at the inauguration of the Outsource to Nigeria Initiative (OTNI) in Gombe, Shettima highlights Tinubu's strategic understanding of Nigeria's economic landscape and global trends. Shettima emphasizes that the tough decisions taken by the present administration are necessary for Nigeria's long-term economic prosperity, assuring citizens that the reforms will fortify the economy's foundations. He views these challenges as short-term hurdles paving the way for a resilient and prosperous future. Regarding the Outsource to Nigeria Initiative, Shettima sees it as a crucial…

Mar

04

2024

By David Okoye

Nigerian University Unions Threaten Total Shutdown Over Unmet Demands

Economy, Education, Metro, NewsEducation, Metro, Nigeria

The Senior Staff Association of Nigerian Universities (SSANU) and the Non-academic Staff Union of Education and Associated Institutions (NASU) have issued a stern ultimatum to the Federal Government, threatening to shut down universities across the country within seven days if their demands are not met. SSANU President, Mohammed Ibrahim, conveyed this message during an interview on Channels TV's Sunday Politics, highlighting the critical role non-teaching staff play in university operations. Both unions have given the government a seven-day deadline, beginning from Monday, to address their grievances, failing which they will initiate mass action. Ibrahim emphasized that without the non-teaching staff,…

Mar

02

2024

By Amos Oge Kalu

Investors are already drawn to Aba’s steady power.

Business, Economy, Metro, NewsAba, Abia State, Economy, Metro

Barely 24 hours after Geometric Power turned on consistent power in the economic hub of Abia State, investors have started to flow into Aba. Taiwanese directors of Maxxis Tyres reportedly paid traditional rulers in Ukanku Community, Ukwa East LGA, Abia State, a visit to look at the area where they aim to establish a large-scale tyre manufacturing facility. According to the now-viral post on social media, the production range will comprise tyres for cars, light trucks, ATVs, motorcycles, tricycles, trailers, and more. Taiwan-based Cheng Shin Rubber Industry Co. owns the Maxxis Tyres brand. It began as a manufacturer of bicycle…