Business

The Federal Inland Revenue Service (FIRS) has raked in N12.66 billion, from billionaire tax defaulters following threat of sanctions barely a month ago. FIRS’ Executive Chairman Tunde Fowler broke the news at the weekend when he received Finance Minister Hajia Zainab Ahmed, who was on a familiarisation visit to the…

Some palm oil dealers in the country have taken to diluting original palm oil with substances to maximise profit, at the expense of unsuspecting buyers, this act, have led to the availability of ‘killer’ palm oil in various markets. To this end, stakeholders in the Palm Oil industry are expressing…

There are few companies today that are safe from hackers, no matter their size. Big or small, and regardless of which industry your company works in, if your business processes data then it is of potential interest to a hacker. This is the message that needs to be understood by…

As the trade war between China and the US intensifies, tech giant, Alibaba Group co-founder, Jack Ma said on Thursday that people should make preparations for 20 years of the trade frictions. The economic situation is not good, and that could last for a long time, Ma said at the…

Residents of Shomolu area of Lagos State, Nigeria, have made an appeal to the Ikeja Electricity Distribution Company (IKDC) to offer debt forgiveness on their accumulated outstanding. The appeal is coming after the deployment of thousands of prepaid meters by IKDC to the area. Hitherto, the customers had lamented the…

Three chemicals used in the production of cosmetic products have been found to pose liability risk, a new report has found. The report according to Allianz Global Corporate & Specialty SE (AGCS) and Praedicat examined how chemicals commonly found in beauty products may place manufacturers and suppliers at significant liability…

Delta state residents may grapple with fuel scarcity as Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, on Thursday announced immediate stoppage of fuel distribution and supply in  the state. The decision followed alleged  forceful evacuation of about 3,000 workers from the rigs by five drilling oil rigs being…

Electricity distribution company, Enugu Electricity has disclosed that metering its customers is in the company’s best interest. Emeka Ezeh, Head of Communications made this disclosure to news men in Enugu on Wednesday. Ezeh said that between January and August, 2018, the company metered about 50,000 electricity customers across its franchise…

Astonishing findings from RSA’s recent survey in the UK showed that 28 percent of customers have elected to boycott companies that have been shown to mishandle personal data. RSA is a global cybersecurity leader with consulting and technology solutions that empower firms by providing a holistic view of cybersecurity needs…

Unmanned systems are finding a growing number of applications in the maritime sector, and have the potential to make a significant contribution to safety and risk management. More information on the Safety and Shipping Review 2018 This year saw the first successful ocean rescue of two swimmers in rough seas…