Tuesday, January 8, 2019

Oluseyi Awojulugbe

    In eight days, Lagos will start prosecuting all tax defaulters

In eight days, Lagos will start prosecuting all tax defaulters

The Lagos state Internal Revenue Service (LIRS) has given all taxpayers in the state a 16-day grace period to pay their taxes, after which prosecution will begin.In a statement signed by Monsurat Amasa, the head of coporate affairs of the agency, tax defaulters were encouraged to remit all overdue taxes/levies due in December to avoid prosecution.The grace period, which began [...]

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    Oil prices begin decline less than a week after OPEC deal

Oil prices begin decline less than a week after OPEC deal

Less than a week after the Organisation of Oil Exporting Countries (OPEC) agreed to a production cut for its members, oil prices have begun to decline.OPEC announced a 1.2 million barrels per day (mbpd) production cut at its 171st meeting in Vienna, on November 30.After the announcement, oil prices rose to a 16-month high, with Brent crude trading at $55.33 [...]

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    FULL LIST: Beyonce, Kanye West, Adele lead 2017 Grammy nominations

FULL LIST: Beyonce, Kanye West, Adele lead 2017 Grammy nominations

Beyonce Knowles, American singer, earned nine nominations in the 2017 Grammy awards.The nominees were announced on Tuesday by Meghan Trainor. [...]

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    After criticising Buhari, Soyinka apologises for ‘miscommunication’

After criticising Buhari, Soyinka apologises for ‘miscommunication’

Wole Soyinka, a professor and playwright, has apologised for his criticism of President Muhammadu Buhari's congratulatory message to Adama Barrow, president-elect of The Gambia.After Barrow's victory at the polls ended President Yahya Jammeh's 22-year grip on power, Buhari had congratulated the West AFrican country, saying he was looking forward to a "smooth transition of power and working with the incoming President of The [...]

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    Soyinka: What’s the right of any stupid Nigerian to challenge me on my green card?

Soyinka: What’s the right of any stupid Nigerian to challenge me on my green card?

Wole Soyinka, renowned playwright and professor, says it is "not the business of any stupid Nigerian to open his or her mouth" to challenge his right to say he was leaving the United States.On November 2, Soyinka had said he would destroy his green card if Donald Trump became president of the United States.“If in the unlikely event he does win, the [...]

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    OBITUARY: Kuforiji-Olubi, headmistress at 19, first female ICAN president — a woman of many firsts

OBITUARY: Kuforiji-Olubi, headmistress at 19, first female ICAN president — a woman of many firsts

Bola Kuforiji-Olubi, former minister of commerce and first female president of the Institute of Chartered Accountants (ICAN), was pronounced dead on Saturday.The late octogenarian, who was conferred an award of the Officer of the Order of the Niger (OON) in 2002, celebrated her 80th birthday less than two months ago in Lagos. A WOMAN OF MANY FIRSTS Kuforiji-Olubi will be remembered as [...]

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    Banks no longer sell dollars to us, Abuja BDCs lament

Banks no longer sell dollars to us, Abuja BDCs lament

Bureau de change (BDC) operators in Abuja, Nigeria's capital city, say commercial banks within the country have been unable to provide foreign exchange for trade at parallel market.A BDC operator who spoke to TheCable said they began getting dollars from the banks after officials of the Department of State Services (DSS) arrested his colleagues for selling above the stipulated exchange rate [...]

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    Aisha Buhari: Nobody can steal the materials I donate to the needy because I monitor them from my bedroom

Aisha Buhari: Nobody can steal the materials I donate to the needy because I monitor them from my bedroom

Aisha Buhari, wife of President Muhammadu Buhari, says the donations of her non-governmental organisation (NGO) cannot be mismanaged because she monitors them from her bedroom.Aisha made this statement during an interview she granted to Your View, a show on TV Continental.She also said her projects had not received any cash donations, and that 85% is her personal contribution."We are going [...]

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    7 ways to get the best Black Friday deals

7 ways to get the best Black Friday deals

Black Friday is easily one of the biggest shopping deals of the year.This is so because shoppers have the freedom to access goods from stores anywhere in the world with the safe expectation of a discount. [...]

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    Harrysong: I wrote majority of the songs released by Five Star Music

Harrysong: I wrote majority of the songs released by Five Star Music

Harrysong, Nigerian singer and songwriter, says he wrote a bulk of the songs released by the artistes signed to Five Star Music, his former record label. [...]

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    33% pension arrears ‘will be paid’ to Nigeria Police

33% pension arrears ‘will be paid’ to Nigeria Police

Sharon Ikeazor, the executive secretary of the Pension Transitional Arrangement Directorate, has assured that the 33% pension owed to the Nigeria Police will be paid.Ikeazor said this when members of the house committee on pension paid a visit to the agency.“We are pleased to update you that adequate arrangement if being made for additional payment of the 33% arrears to [...]

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    AshakaCem plans NSE exit to avoid ‘unnecessary cost’

AshakaCem plans NSE exit to avoid ‘unnecessary cost’

The directors of Ashaka Cement Plc have announced the company's delisting from the Nigeria Stock Exchange (NSE).The decision makers of the company listed various reasons for the voluntary exit, naming the violation of the Free Float Deficiency provision of the NSE by the company as primary.The directors explained that Lafarge Africa Plc holds 84.97 per cent of Ashaka Cement; leaving [...]

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    Forte Oil shares trade below N100 – first time in 3 years

Forte Oil shares trade below N100 – first time in 3 years

The share price of Forte Oil Nigeria Plc, hit an all-year low on Tuesday, after it traded below N100 for the first time in three years.The shares of the energy company, which is owned by Nigerian millionaire, Femi Otedola, lost N10.18 to close at N94.32 on Monday.Otedola, who was formerly listed as a billionaire by Forbes, lost his billionaire status [...]

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    ‘Youth ought to develop potentials not just build credentials’

‘Youth ought to develop potentials not just build credentials’

Speakers at the Re-definers leadership symposium have encouraged youth to develop their potentials because they can lead Nigeria to the promise land.The symposium, which was organised by the youth group of the Place of Refuge parish of the Redeemed Christian Church of God (RCCG), Oshodi, Lagos, held on Sunday.Speakers at the event included Femi Emmanuel, a pastor and the convener [...]

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    33 states CANNOT meet recurrent needs

33 states CANNOT meet recurrent needs

BudgIT, a data-simplifying civic organisation, says 33 out of the 36 Nigerian states cannot meet their recurrent obligations as opposed to 19 states in 2015.Before Nigeria's economic recession, 17 states were able to meet up with recurrent needs, but according to the report, only three states can meet their own obligations.A report released by the organisation titled 'State of States' showed [...]

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    Nigeria increases oil output despite proposed production cuts

Nigeria increases oil output despite proposed production cuts

Nigeria, Libya and Iraq have increased their crude oil production output despite the production cut to be finalized by the Organization of Petroleum Exporting Countries (OPEC) on November 30.In the monthly report released by the organization, OPEC's crude oil production climbed to  33.64 mb/d in October."OPEC crude oil production in October increased by 0.24 mb/d compared to the previous month [...]

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Exchange Rates

January 07, 2019USDGBPEUR
INTERBANK306397354
LAGOS361463411
KANO360465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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