Category: #Finance
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UEFA OPPOSES FIFA’S $20BN COMMERCIAL VENTURE, REJECTS STAKE SALE PLAN
UEFA has rejected FIFA’s proposal to sell minority stakes in a newly created commercial subsidiary, FIFA Forward Enterprise (FFE), warning that football’s governance should not be treated as a commercial asset. FIFA said the new company, valued at $20 billion, would oversee its commercial and event operations while the governing body retains control of competitions,…
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HOW INFLATION IS DRIVING GADGET REPAIR OVER NEW PURCHASES
Mr Abdulfatah Aliyu, Vice Chairman, Abuja GSM Village, says that the rising cost of living and inflation had significantly altered consumer behaviour towards technology and mobile communications gadgets. According to him, previously many Nigerians preferred to replace their handsets if they felt they were giving them lots of problem, but now people prioritise gadget repairs…
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NIGERIA URGES A.U TO CUT OFF ILLICIT FUNDING FUELING TERRORISM IN AFRICA
Nigeria has called on the African Union (AU) to strengthen efforts to block illicit financial flows that continue to fund terrorism and violent extremism across the continent. The appeal was made by the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, during the 1354th Meeting of the AU Peace and Security Council at the ministerial level.…
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JIGAWA LAUNCHES DIGITAL TAX PLATFORM, TARGETS HIGHER REVENUE FROM INFORMAL SECTOR
Jigawa State has taken another step toward modernising its tax system with the launch of a digital platform designed to improve revenue collection from the informal sector. The new platform, introduced by the Jigawa Internal Revenue Service (JIRS), will automate tax collection for activities including livestock trading, grain markets and haulage operations. Officials say the…
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AFDB, NIGERIA, UN WOMEN INAUGURATE GENDER EQUALITY ROADMAP TO 2030
The African Development Bank (AfDB), Federal Ministry of Women Affairs and UN Women Nigeria have inaugurated the Nigeria Gender Profile and Roadmap to Equality 2030, a framework that advances a clear pathway for gender equality and inclusive growth in Nigeria. In statement issued on the bank’s website on Wednesday July 8, the Minister of Women…
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EXPERTS WARN AGAINST BLIND RELIANCE ON AI IN AUDITING, STRESS STRONG GOVERNANCE
Accounting and audit professionals have been urged to embrace Artificial Intelligence (AI) as a tool to improve efficiency without allowing it to replace professional judgment, ethical reasoning and independent thinking in financial reporting. Speaking at the 2026 Audit Committee Institute Conference on Wednesday July 1 in Lagos, Chairman of the Audit Committee Institute, Christian Ekeigwe,…
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TAX: LAGOS CHAMBER OF COMMERCE SEEKS ONE-MONTH CIT FILING EXTENSION, WAIVER
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigeria Revenue Service (NRS) to grant a one-month extension for the filing of Company Income Tax (CIT) returns. The appeal followed widespread technical glitches that occurred on the newly introduced Rev360 tax platform. Director General, LCCI, Dr Chinyere Almona, made the appeal on Wednesday…
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BPP TO LAUNCH NEW NATIONAL FOOD PROCUREMENT GUIDELINES ON JULY 13
The Bureau of Public Procurement (BPP) has announced plans to unveil the National Guidelines for Public Procurement of Food and Related Services on July 13 in Abuja as part of efforts to strengthen transparency and efficiency in public procurement. According to the Director-General of BPP, Dr. Adebowale Adedokun, the new framework was developed in collaboration…
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KWARA TAXPAYERS DEMAND ACCOUNTABILITY AS NIGERIA’S TAX REFORMS GATHER MOMENTUM
As Nigeria intensifies efforts to build a stronger tax culture, a clear message is emerging from traders, artisans and business owners in Kwara State: citizens are willing to pay their taxes, but government must be more transparent about how the money is spent. That demand for accountability echoed across markets, streets and public spaces in…
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FG ACCELERATING EFFORTS TO UNLOCK GREEN FINANCE OPPORTUNITIES FOR ENVIRONMENTAL SUSTAINABILITY
The Federal Government is accelerating efforts to attract private and international capital to unlock green finance opportunities for environmental sustainability. Malam Balarabe Lawal, the Minister of Environment said this on Thursday June 18 in Abuja during the 2026 Nigeria Environmental Summit (NESt). Lawal, who was represented by Dr Salihu Usman, the Permanent Secretary in the…
