SunTrust Bank opens shop in Uyo, promising wide range of products, services  

Newly licensed regional deposit money financial institution, SunTrust Bank has opened a new branch in Uyo, the Akwa Ibom State capital, promising a wide range of products and services to its potential customers, which Ayo Babatunde, the managing director said are “friendly.” Some of the products include: the Sun Temporary Overdraft (Sun-TOD), which provides loans […]

Rivers APC asks Governor Wike to reactivate agric projects, security architecture to create jobs; $23bn economy yet to pick up

Centre-left opposition political party, All Progressives Congress (APC) in oil-rich Rivers State appears to be giving conditions for its expected participation in a new all-inclusive government being proposed by incumbent governor, Nyesom Wike, with a view to dousing the wide scale insecurity in the state, and create thousands of jobs. Large-scale insecurity has ravaged the state in […]

Cross River’s governor aims to grow state’s economy to N9.6trn by 2023, launches 30-year growth, development roadmap

The governor of Nigeria’s Southern sub-regional Cross River State, Ben Ayade, has mapped out plans to grow the state’s economy to N9.6 trillion from its current N2.7 trillion by 2023, it emerged on Thursday. The targeted plan is contained in a 30-year growth and development strategy (GDS) roadmap for the state commissioned by the governor in Calabar. […]

Nigerian Customs Command generates N575.6m in July

Customs

The Nigeria Customs Service (NCS) Seme Command generated N575.6 million, about 85 percent of its monthly target, in July, a statement released by the Service on Wednesday said. The anti-smuggling operations unit of the command also made 91 seizures with a Duty Paid Value (DPV) of N130.8 million during the period. The seizures include alcoholic […]

FIRS records N700bn revenue increase in 2017 from 4m new taxpayers

Tunde Fowler, the head of Nigeria’s internal revenue agency, the FIRS, has disclosed that the tax collection body recorded a N700 billion increase in revenue in 2017 as a result of four million new taxpayers, including companies and individuals. Fowler said in the past two years, the service had increased its use of ICT to […]

Nigeria’s Buhari approves increased excise duties on tobacco, alcohol

Nigeria’s finance ministry said in a statement Sunday that President Muhammadu Buhari has approved an increase in excise duties on tobacco and alcoholic beverages. The ministry said the changes will take effect from June 4 this year. In addition to a 20 percent tax on tobacco, the government will add an extra fixed tax per cigarette. […]