Food imports exceed exports by N2.23tn in 12 months
Food imports, the total international trade in agricultural goods in the country stood at N3.24tn in 2021, with the import exceeding export by N2.23tn. Despite interventions by the Federal Government to diversify the economy and increase food production in the country, security concerns have driven a lot of farmers out
PenCom to fine PFAs over pensioners’ delayed payment, others
The PenCom has vowed to sanction Pension Fund Administrators over delays in the payment of pension benefits, among related infractions. The commission stated this in its ‘Revised regulation on the administration of retirement and terminal benefits.“A PFA that fails neglects or refuses to enlighten the retiree on the features of
CBN imposes heavy sanctions on banks over mutilated notes
The CBN has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank by Deposit Money Banks. To this end, the Central Bank of Nigeria has warned banks to stop including composed currency notes in their deposits or risk paying a penalty of 400 percent of
Man shares receipt as he accuses a police officer of extorting N130,000
A man has accused a police officer of extorting N130,000 from him after falsely accusing him of being a Yahoo boy. The man said he was stopped by officers close to the Gurumaraji camp along the Ibadan expressway. He provided the documents they asked for and revealed that the car
Bandits kill son of Zamfara Commissioner
Suspected armed bandits invaded Tsafe town, the council headquarters of Tsafe Local Government Area of Zamfara State. The bandits killed three people including the son of the state’s Commissioner for Security and Home Affairs and former DIG, Mamman Tsafe. Adaeventsnews gathered that the gunmen invaded the town on Sunday, April
FG grants three-year tax relief to 33 companies, bars 10 firms
The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021. This was contained in the quarterly PSI reports released by the Nigeria Investment Promotion Commission. READ ALSO: Two children killed in Osun auto crash The reports also revealed that
Two children killed in Osun auto crash
Two children lost their lives in a fatal motor accident that occurred along Ipetu-Ijesa/Ilesa road in Osun State. The accident which involved two vehicles, a truck and a Nissan Premia with registration number, WEN 397 AA, occurred seven kilometres from Iwaraja junction at about 2.44 p.m on Sunday, April 3.
MTN Nigeria paid N757bn tax in 2021
MTN Nigeria Communications paid a total of N757bn direct and indirect tax to government agencies in 2021, it has been revealed. This was disclosed during the National Tax Dialogue Event organised by the Federal Inland Revenue Service. A statement titled, ‘MTN Named Best Tax Compliant Organisation in Nigeria: … recognised
Imo Police uncover identities of those who attacked police station
The Imo State Police Command on Saturday said they have uncovered the identities of Mbieri Police station attackers. The Imo state Police Public Relations Officer, PPRO, Micheal Abattam, said this to newsmen in Owerri, regarding last Friday’s attack in Mbeiri Police station in Mbaitoli Local Government Area of the state. The
Uber, Bolt Drivers’ union in leadership tussle
E-hailing drivers association, comprising Uber and Bolt drivers, are currently embroiled in leadership tussle as a group. The group has announced the removal from office of its national president and secretary. Mr Joseph Adaraniwon, national publicity secretary of Professional E-hailing Drivers and Private –owner Association of Nigeria (PEDPAN) announced their