TSA: NNPC, banks deny concealing FG’s $793.2m

kemi Adeosun   The Nigerian National Petroleum Corporation on Friday reacted to reports that it colluded with some banks to prevent the remittance of $793.2m into the Treasury Single Account as directed by the Federal Government. Its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, in a statement issued in Abuja, stated that the […]

FIRS shuts more firms for tax default

FIRS Boss, Babatunde Fowler   The Federal Inland Revenue Service on Friday continued its crackdown on tax-defaulting companies in Abuja. The FIRS enforcement team, led by Zubairu Usman, sealed off the offices of Dayak Nigeria Limited, located at Idu Industrial Layout in Area One part of the city, according to a statement. The company allegedly […]

Stocks gain N63bn, Transcorp Hotels profit drops by 60%

Managing Director/Chief Executive, Transcorp Hotels Plc, Mr. Valentine Ozigbo     The Nigerian Stock Exchange market capitalisation appreciated by N63bn at the close of trading on Thursday, driven by major gains in industrial, banking, food/beverage and oil/gas stocks. A total of 191.430 million shares valued at N2.181bn exchanged hands in 3,718 deals. The NSE market […]