Business

FG cuts interest on late tax payments

FG cuts interest on late tax payments

…New rate takes effect October 1…Applies to FG, states, FCT tax authorities By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has reduced the interest rate payable by taxpayers for late settlement of their tax liabilities, with the new regime taking effect from October 1, 2026. Under the new arrangement, interest on tax […]
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Africa’s emerging youths prefer investment  to consumption

Africa’s emerging youths prefer investment to consumption

Barclays Africa has launched a report that shows Africans equate prosperity to achieving financial freedom, as Africa continues to experience growth ahead of other developing economies. Barclays Africa is among the leading banks on the continent with a presence in 14 African countries.

Why we need biosafety law in Nigeria — AFAN

Why we need biosafety law in Nigeria — AFAN

THE President of the All Farmers Association of Nigeria, AFAN, Mr. Kabiru Salman did not mince words when he told the gathering at the National Assembly last week that Genetically Modified Organism (GMO) will take his members away from subsistence farming to commercial farming.

2015: OPEC sees little output change, says don’t panic

2015: OPEC sees little output change, says don’t panic

OPEC’s oil production is unlikely to change much in 2015 and there is no need to panic at the crude price drop, OPEC’s secretary general said yesterday, adding to indications the exporter group is in no hurry to cut output.

Why Sterling Bank pioneered lending via social media — Igbodo

Why Sterling Bank pioneered lending via social media — Igbodo

Social Lender is a social media based banking product introduced by Sterling Bank. It allows customers of the bank to access cash loans via social media websites like the Facebook. In recognition of the pioneering status of the product, Sterling Bank was recently awarded “The Most Innovative Bank” by the Nigerian Telecoms Award. In this […]