Brazil approves tax holiday for Ford, others

TaxTax’s President, Michel Temer, has signed into law hundreds of millions of dollars in incentives for automakers such as General Motors Company and Volkswagen to produce locally and continue developing engines that run on both gasoline and ethanol. The plan, known as Rota 2030, replaces a previous package of tax exemptions known as Innova Auto […]

Pension Fund assets hit N8.14trn in May

The National Pension Commission (PenCom) has put the total pension fund assets at N8.14 trillion as of May this year, up from the N7.52 trillion grossed in December last year. The Commission, in a statement signed by its spokesperson, Mr Peter Aghahowa, disclosed that N5.2 trillion, representing 70.08 percent of the total accrued assets, had […]

Workers shut ExxonMobil HQs for sacking 860 Nigerians

The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without entitlement. The workers besieged the office of the oil company, protesting the sacking of workers, mainly Nigerians, on Tuesday in Lagos. The protesters accused the company of sacking the 860 Nigerian workers most […]

I opted for mobile kitchen business to fulfill my innate passion – Sannikayz

When and how did you come about the idea of mobile kitchen business? I ran Sannikayz Kitchen with a partner as an undergraduate of University of Lagos (UNILAG) for two years (2013-2015). It was a good experience and we invested in the business with many expectations. My partner and I were unable to hit our […]

FG recovers N30bn from VAIDS, targets 40m taxpayers by 2019

The Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, today disclosed that N30 billion had been recovered under the Voluntary Assets and Income Declaration Scheme (VAIDS) from individuals and organizations so far. Fowler gave this hint at the unveiling of the VAIDS Declaration Certificate in Abuja. According to him, while the FIRS collected […]

Oranto, Russia’s firm to create 21 oil assets across Africa

Oranto Petroleum, Nigeria’s oil and gas exploration company, is working out a partnership agreement with Russia’s largest oil producer Rosneft to develop 21 oil assets across Africa, an Oranto official disclosed at an economic forum in St. Petersburg on Thursday. The two companies expect to sign a memorandum of understanding on Friday before the projects […]

AMCON Takeover: Assessing Arik Air’s operations one year after

One year after its take over of Arik Air, the Assets Management Company of Nigeria, AMCON, is thinking of selling what was once the Nigerian aviation sector’s blue-eyed boy. Since its take over of the company in the last one-year, things have looked up for the airline. But only slightly, says a source in AMCON […]

Unveiling the money-spinning enclave of bloggers & 101 new business ideas

Jorn Barger, the man who coined the term “weblog” 22 years ago, may never have imagined that it would become a lucrative enterprise for many. Reports indicate that the once prolific blogging pioneer now sleeps rough on the streets of San Francisco, penniless and forgotten. Whether accurate or not, the contrast Barger’s life portrays with […]

Hackers intensify prowl, experts caution smart phone users on new tricks

As the global information technology-driven data and other critical information exchange highway (Internet) continues to offer new options at supersonic speed, experts have cautioned users to explore the opportunities with caution in view of the emerging associated risks. For instance, latest findings by technology security experts indicate that just a three-minute handling of a user’s […]

Women in politics garner momentum at WIMPOL 2018

Politically-influential women in Lagos and its environs gathered together at the Eko Hotel and Suites, yesterday (Thursday), to express their thoughts and garner momentum in preparation for the 2019 election year and beyond, at the 2018 WIMPOL Workshop. The event, under the auspices of the WIMBIZ Group, had the theme, Politics 101: The Winning Formula, […]