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07

FG Issues Fresh Regulations on Deduction of Withholding Tax at Source

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Oyedele: New regulations to exempt SMEs from withholding tax; Supply of Jet-A1, CNG, PMS, AGO, others to attract zero deductions Ndubuisi Francis in Abuja The Minister of Finance and Coordinating

NIMC: Senate Moves to Harmonise Identify Cards Systems across MDAs

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Sunday Aborisade in Abuja The Senate yesterday passed for second reading, a bill to strengthen the regulatory duties of the National Identity Management Commission (NIMC) and to further enhance Nigeria’s

UK, Nigeria Trade Balance Hits €35bn, With Nigeria Leveraging Over €10bn

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Dutch bank, FCMB sign $25 million deal to boost entrepreneurship; FG pays off outstanding debt of $850m owed European airlines Onyebuchi Ezigbo, Michael Olugbode and Folalumi Alaran in Abuja Nigeria’s

Afreximbank Report: Intra-African Trade Now 14.9% of Total African Trade, Grew by 3.2% in 2023

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Dike Onwuamaeze Intra-African trade represented 14.9 per cent of total African trade in 2023, which was an improvement over 13.6 per cent recorded in the previous year. This was stated

Access Holdings Holds Signing Ceremony for Proposed N351 Billion Rights Issue

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Nume Ekeghe and Kayode Tokede Access Holdings Plc yesterday conducted a formal signing ceremony as part of its arrangements to raise a total of N351,009,103,017.25 through a Rights Issue to

EU is Playing Active Role in Nigeria’s Renewable Energy, Says Isopi

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Michael Olugbode in Abuja The Head of the European Union (EU) Delegation to Nigeria and the Economic Community of West African States, Samuela Isopi has said renewable energy is the

IATA: African Airlines Have Turned the Corner, Now Profitable

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Chinedu Eze The International Air Transport Association (IATA) has confirmed that African airlines have turned the corner to become profitable after many of them recorded losses over the years. Recently,

Edo Guber: Our Candidate Will Win on Performance, Says Sen Urhoghide

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Adibe Emenyonu in Benin City The Director General of All Progressives Congress, Campaign Organisation, Senator Matthew Urhoghide, Tuesday, insisted the performance of the party’s candidate, Sen. Monday Okpebholo, and Dennis

06

Rivers Lawmaker Accuses Kalu of Discriminating Against First-term Lawmakers

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Adedayo Akinwale in Abuja A member representing Bonny/Degema Federal Constituency of Rivers State, Cyril Hart, in the House of Representatives has accused the Deputy Speaker, Hon. Benjamin Kalu, of discriminating

S’East Governors Presses for Economic Integration, Nnamdi Kanu’s Release

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The five governors of the South East region rose from a meeting in Enugu on Tuesday, resolving to pursue regional security and economic integration as well as the release of

At Last, Sokoto Govt Presents Bill That Strips Sultanate Council of Certain Powers

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Onuminya Innocent in Sokoto Despite outcry, the Sokoto State Government, yesterday, at a public hearing, presented a bill to the state House of Assembly to amend a section of the

Electoral Reform: LP Sets Up 22-member Committee, Names Sam Amadi Chairman

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Decries hasty conduct of poll few days after party’s candidate was jailed Chuks Okocha in Abuja The Labour Party (LP), has set up a 22-member Electoral Reform Committee to articulate

Nigeria’s Oil Production Threatened Again as Irate Ijaw Youths Shut Down OML 2005

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Olusegun Samuel in Yenagoa Nigeria daily oil production was again threatened yesterday after angry youths from the Anyama Clan of Ijaw Youths Council (IYC) and Onuebum community of Ogbia local

02

GTCO Rated Nigeria’s Strongest Brand, Best Banking Trademark

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Africa’s leading financial services institution, Guaranty Trust Holding Company Plc (“GTCO” or “the Group”), has added to its impressive haul of accolades as it was recently named Nigeria’s strongest brand

Stanbic IBTC Insurance Launches Education Endowment Plan

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Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched Education Endowment Insurance Plan, an offering that empowers parents and guardians to secure the academic future of their children

IEI Designs Products in Response to Climate Change

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International Energy Insurance (IEI) Plc, a subsidiary of Norrenberger Group, is adjusting its models of product offerings and risk management capabilities to respond to climate change. This is coming on

Consolidated Hallmark Insurance Announces 589% Growth in Profit

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Ebere Nwoji Consolidated Hallmark Insurance Plc has announced a Profit After Tax of N3.7billion for the year ended December 31, 2023 as against N547million earned in 2022, indicating a 589

‘Customer-centric Strategy, Success Behind Fidelity Bank’s N127.10bn Offer’

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Kayode Tokede The Chief Executive Officer, Fidelity Bank Plc, Nneka Onyeali-Ikpe has hinted that the financial imitation’s customer-centric strategy is the key driver for the success of its ongoing N1277.10billion capital raising exercise.

PwC Nigeria Announces Admission of Three New Partners

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PwC Nigeria has announced the admission of three new partners effective, 1 July 2024. They include Marilyn Obaisa-Osula (Consulting & Risk Services), Taiwo Oyaniran (Assurance), and Tim Siloma (Tax &

Credit to Private Sector Up 66% to N74.31tn YoY on Weak Naira, Inflation

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Kayode Tokede Following the massive devaluation of the naira against the US dollar and spiralling inflation, banks credit to the private sector grew by N29.5 trillion or 66 per cent Year-on-Year

REX Commissions Corporate Head Office, Launches New Identity

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Royal Exchange Assurance (REX) Plc, recently commissioned its new corporate head office in Lagos and launched a new brand identity. The company said the two achievements reflect its commitment to

WHO BENEFITS FROM LOCAL GOVERNMENT AUTONOMY?

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AYODELE OKUNFOLAMI argues that local governments should not be political entities but administrative departments of states On Thursday, June 13, 2024, Justice Garba Lawal, who led the seven-member panel of Justices of the Supreme Court…

01

We Have no Plans to Exit Nigeria – Aarti Steel

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Oluchi Chibuzor Leading steel manufacturing company, Aarti Steel Nigeria Limited has debunked media report alleging that the company plans on exiting Nigeria. The firm according to its statement titled, “False Media

Tuesday, Jul 2

19

Ododo Praises Tinubu for Appointing Sheidu as NPTF Executive Secretary

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Governor Ahmed Usman Ododo of Kogi State, has praised President Bola Ahmed Tinubu for appointing Mr. Mohammed Sheidu as Executive Secretary of Nigeria Police Trust Fund (NPTF). The governor in

18

House Passes for Second Reading Bill to Create Additional State in S’east

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Adedayo Akinwale in Abuja The move by the House of Representatives to create an additional state in the South-east received a boost after a Bill to create Etiti State passed

Akon’s Konvict Kulture Unveils New Afrobeats Star, Amirror

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One of Africa’s most celebrated artists, Akon, recently unveiled the new EP of one of his latest signees, Amirror, on his music label, Konvict Kulture. Titled ‘Reflxns,’ the EP showcases

12

GCR Affirms Infracredit’s Rating of AAA (Ng), Stable Outlook

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Rating agency, Global Credit Ratings (GCR) re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited (InfraCredit), for the seventh consecutive time with stable outlook. In re-affirming InfraCredit’s AAA rating,

11

Much Ado About Akpabio’s Position on New Presidential Jet

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The ambiguous comment of the Senate President, Senator Godswill Akpabio last week on the proposed purchase of new presidential aircraft at an emergency plenary to extend both the 2023 Appropriation Act

05

US Supreme Court: Trump Has Absolute Immunity for Official Acts

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Decision should end all of crooked Joe Biden’s witch hunt against me, says former president Wale Igbintade with Agency Report In a 6-3 split decision, the US Supreme Court has

Cardoso: Non-Bank Financial Institutions Key to Regional Integration, Economic Stability

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Declares increasing transaction volumes by fintechs pose major risks to financial system James Emejo in Abuja Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, said Non-Bank