•Abubakar Malami A Federal High Court in Abuja heard yesterday how funds were moved into the accounts of some companies linked with a former Attorney General of the Federation (AGF), Abubakar Malami, his wife, Hajia Bashir Asabe, and his son, Abdulaziz. Two prosecution witnesses, who are bank officials, gave details of how the funds were [&hel...
PowerChina/I²-ESS and Katar Communications have signed a Memorandum of Understanding (MoU) to strengthen collaboration in the deployment of renewable energy solutions across Northern Nigeria, with a special focus on Kano State. The agreement was formalised between the Global Director of PowerChina/I²-ESS, Sammi Zhou and the Chief Executive Off...
•John Mahama Ghana’s President John Mahama yesterday urged global firms to ramp up crude oil production in the West African nation before the global shift to renewable energy renders the resource worthless. He warned that Ghana risks seeing its oil resources stuck in the ground if drilling is not fast-tracked while demand still exists, reports...
•Naira and Dollar notes A former Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof Bolaji Owasanoye (SAN), has disclosed that some companies in Nigeria inflate operating expenses and credit repayments to evade tax. Owasanoye stated this today on Channels Television. According to him, illicit finan...
•Governor Dapo Abiodun of Ogun State Ogun State Government has shut two industries, Quantum Steel Industry in Ogijo, Sagamu Local Government and Xinfeng Plastics Limited along the Lagos-Ibadan Expressway over industrial accidents that resulted in fatalities. Quantum Steels was shut down for an explosion which injured seven Nigerians and expatr...
•Tax reform committee chairman, Taiwo Oyedele Firms without Tax Identification Number (TIN) will not enjoy the exemption from Withholding Tax payment. This is one of the conditions stipulated in the Withholding Tax reform regulation which took effect on January 1, reports The Nation. In the new regime, small businesses with low margins of retu...
•ICPC operatives The Independent Corrupt Practices and Other Related Offences Commission has re-arraigned Prof David Iornem and two organisations on amended charges involving certificate racketeering and money laundering. Iornem was accused of defrauding unsuspecting Nigerians by offering fraudulent admissions and certificates through Island O...
•Naira notes The chairman of the Ogun State Manufacturers Association of Nigeria (MAN), George Onafowokan, has lamented the crisis in Nigeria’s manufacturing sector following the government’s decision to float the Naira in 2023. According to him, 16 major manufacturing firms have incurred cumulative losses amounting to N792 billion due to nair...
In recent years, Nigeria has witnessed an increasing trend of multinational and local companies shutting down or relocating their operations due to economic challenges, currency volatility and rising operational costs. The latest company to announce its departure from Nigeria is South African grocery retailer Pick n Pay, which confirmed yester...
•Tinubu Over 50 firms in the chemical and non-metallic products sub-sector of the nation’s economy are in a dilemma as multinationals, medium and small-scale enterprises, SMEs, and member companies are either exiting, on the verge of shutting down or operating at low-capacity utilisation. It will be recalled that the employers, under the umbre...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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