30 results
- 22 Jan 2014
NCS Rake in N8.48Bn in 2013 at Seme Border
Willy Egbudin, area comptroller, Seme Border Command of the Nigeria Customs Service, said yesterday that the command generated N8.48 billion between January and December, 2013. Egbudin told a news…
- 11 Oct 2024
Court Orders CBN to Pay Kasmal N579Bn for Role in Stamp Duty
Justice Inyang Ekwo of the Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to pay Kasmal International Services N579,130,698,440 with 10 per cent interest per annum for its…
- 21 Oct 2013
DHL Sees Opportunities in Complex African Market
With the growth of the e-commerce industry and the increasing ease of conducting business electronically globally, it isn’t surprising that more businesses are choosing to trade across borders to…
- 21 May 2026
MTN Nigeria Boosts Public Revenue with N878.7bn Tax Remittance
As Nigeria intensifies efforts to expand non-oil revenue and improve tax collection under its fiscal reform agenda, corporate tax contributions from major private-sector operators are becoming…
- 8 Jul 2016
CBN Gives Banks 2-Week Deadline to Refund Excess Charges
Central Bank of Nigeria (CBN) has said that any bank that underpays and or charges its customers excessive interest and other charges will refund the amount involved within two weeks of the…
- 4 Dec 2014
5 Festive Season Online Shopping Checklist From DHL Perspective
In the lead up to the festive season, consumers are increasingly turning to online shopping portals instead of visiting physical stores. Oliver Facey, vice president, Operations for DHL Express Sub…
- 30 Sept 2024
Nigeria's Used Vehicles Import Bill Drops 83% to N138.62bn
The import bills on used vehicles, popularly known as tokunbo, into Nigeria fell by 83 percent year-on-year, YoY, to N138.62 billion in the first half of the year (H1’24) from N819.15 billion in…
- 6 Aug 2026
MTN Paid 600Bn in Taxes in H1 2026 - Kadri, MTN CFO
MTN Nigeria’s half-year 2026 performance reflects more than revenue growth, highlighting the wider economic activity generated through tax payments, infrastructure investment and shareholder returns.…
- 26 Mar 2019
NIPOST Rakes in N19.7Bn in One Year
The Nigerian Postal Service (NIPOST) generated a total of N19.7bn from its operations in 2018; and the bulk of the sum came from electronic stamp duty. The breakdown showed that NIPOST made…
- 7 Nov 2019
FG to Rake in N1.5Bn Monthly from Stamp Duty on PoS
Federal Government is to realise at least N1.5 billion monthly from the implementation of N50 stamp duty charges on transactions carried out via Point of Sales (PoS)) terminals. This is based…
- 13 Mar 2019
Access Bank Denies Wrongdoing in Sale of N2.5Bn Customer’s Goods
Access Bank Plc has vehemently denied any wrongdoing in the alleged sale of a customer’s goods worth N2.5 billion. The Police Special Fraud Unit in Lagos had charged Access Bank Plc, its…
- 27 Feb 2020
Reps Asks MTN to provide Proof of Tax Remittances
House of Representatives has asked MTN Nigeria, to tender all its financial records to confirm if the taxes the firm collected on behalf of the Federal Government were duly remitted. Mr James Faleke,…
- 16 Apr 2016
E-SONCAP as Tool for Trade Facilitation
The essence of e-SONCAP application is basically to facilitate and ensure that goods imported into Nigeria are in conformity with Nigeria’s specification of quality and standards. It is no longer…
- 22 Feb 2018
SEC, NSE, CSCS Rake N11.430Bn in 2017 from Share Sales
A total of N11.43 billion accrued as earnings from the sales of shares to the three major players in the Nigerian equities in 2017, according to findings by business a.m. The Securities and…
- 3 Aug 2018
Court Orders First Bank to Pay Olisa Agbakoba N266m for Breach of Contract
First Bank of Nigeria Limited has been ordered by a federal high court sitting in Ikoyi, Lagos, to pay one of its customers, Mr Olisa Agbakoba (SAN), a notable lawyer in the country, the sum of…
- 29 Oct 2019
Angst as CBN, NIBSS Slam N50 Charge on PoS Transactions
Central Bank of Nigeria (CBN) and the Nigeria Interbank Settlement System (NIBSS) may have begun charging N50 for Point of Terminal (PoS) transactions with some angry Nigerians questioning the…
- 2 Nov 2021
Court Sends Former Bank Chief to Prison for Using Customer’s N219m for Houses, Ponzi Schemes
Economic and Financial Crimes Commission (EFCC) on Tuesday secured the conviction of a former manager with Sterling Bank. Oliver Anidiobi, the convict, was the account relationship officer of OHHA…
- 7 Aug 2022
FG to Begin Implementation of Telecoms and Beverage Taxes in 2023
Federal government through the Budget Office of the Federation has revealed that it will begin the implementation of its proposed excise duties on telecommunication services and beverages in 2023.…
- 26 Oct 2017
How and Why Contract Staff Aid Bank Fraud
There are indications that the growing tendency among banks to give sensitive positions to contract staff is heightening the risk of lenders being hit by fraudsters, according to New Telegraph.…
- 15 Feb 2026
No VAT on Land, Buildings and Rent Under New Tax Law — Oyedele
Taiwo Oyedele, chairman of the Presidential Fiscal Policy and Tax Reforms Committee, says land, buildings and rent are now fully exempted from Value Added Tax under the Nigeria Tax Act 2025. He…
- 26 Dec 2025
Banks quietly move to enforce new ₦50 transfer levy from Jan. 1
A new ₦50 charge on electronic money transfers above ₦10,000 is to take effect from Jan. 1, 2026, following preliminary system adjustments observed across several banking platforms ahead of the New…
- 5 Mar 2021
NAN MD Tasks Online Publishers on Professionalism
Buki Ponle, managing director of the News Agency of Nigeria (NAN), has urged the Guild of Corporate Online Publishers to ensure professionalism while discharging its duties in the society. Ponle made…
- 28 Jul 2024
TSTV Seeks Court Protection to Prevent Irreparable Business Losses in Nigeria
The legal team of Telecom Satellites Limited (TStv) has asked the Federal High Court in Abuja to grant its “restraining” requests to prevent the business from suffering irreparable losses in Nigeria,…
- 9 Feb 2016
84% Cross-Border Online Shoppers Satisfied With Delivery- Survey
Cross-border online shopping keeps on growing. Cross-border online shoppers across the world have their own ways and expectations, according to result of an Online Shopper Survey conducted by the…
- 20 Jul 2016
Etisalat Strengthens Relationship with Customers in Uyo
In a direct demonstration of its leadership as Nigeria’s most customer-friendly telecoms operator, Etisalat, recently hosted customers on its network to a Customer Forum at Eemjim Hotel Uyo, the Akwa…
- 21 Jul 2022
Debt Servicing Surpassed Nigeria’s Revenue in Q1- Report
Debt servicing surpassed Nigeria’s generated revenue in the first quarter of this year, the Ministry of Finance revealed on Thursday. In the fiscal performance report released by the ministry, the…
- 10 Feb 2018
MultiChoice in Trouble as FG Issues Quit Notice to DSTv, Others
The Federal Government may have notified the management of MultiChoice DSTV/GOTV that their operations, in Nigeria, will come to an end in 2019 as their license expires June next year. …
- 6 Sept 2016
NCC Urges Subscribers to complain over Poor Services
The Nigeria Communications Commission (NCC) has advised telecommunications subscribers dissatisfied with services rendered to them by GSM service providers to promptly lodge their complaints with the…
- 8 Aug 2014
NAGAFF Says Finance Ministry Deliberately Underfunding Customs
National Association of Government Approved Freight Forwarders (NAGAFF) has alleged that the Federal Ministry of Finance deliberately underfunds the Nigeria Customs Service (NCS), and stressed…
- 14 Jul 2016
Nigerians Carpet Buhari, Warn against 10% Tax increment
Some Nigerians have reacted angrily to the plans by the federal government to increase Value Added Tax (VAT) from the current five per cent to 10 per cent, describing the move as insensitive to the…