The Nigerian government has secured the approval of $254.76 million loan from China Development Bank (CDB) to fund the construction of 203 kilometers Kano-Kaduna railway project. Announcing the approval of the loan in a statement recently, the bank noted that the project, once completed, will provide direct rail connectivity between Kano and the country’s capital […]
* Banks dominate beneficiary list The Office of Auditor General for the Federation (OAuGF) has charged the Federal Inland Revenue Service (FIRS) to immediately recover N12.97 billion from 10 taxpayers it granted capital allowance without Certificates of Allowance for Fixed Assets (CAFA). A capital allowance is a tax deduction allowed on qualifying capital expenditures […]
A viral video shows a Nigerian father praying fervently after discovering that his daughter was about to win a ₦5 million bet on SportyBet. In the clip, posted by Dami’ Adenuga (@DAMIADENUGA) on X (formerly Twitter) on Tuesday, the father is seen kneeling with his head bowed on a chair, praying earnestly. The video briefly […]
1. Choose a Business Name and Check For Availability Choosing a business name can be quite tasking sometimes. Your business name needs to be identified with a brand name. It is important that you pick a name that is relevant to your business. You should do a quick search on the internet on the names […]
On the 7th of August 2020, President Muhammadu Buhari assented to the Companies and Allied Matters Bill (now Act) 2020 which was recently passed by the National Assembly. The New CAMA repeals the Companies and Allied Matters Act, Cap C20, Laws of the Federation of Nigeria 2004. This is a welcome innovation to the Nigerian […]
After the Corporate Affairs Commission (CAC) issues a certificate of incorporation or business name to Business AYX, what next? This question is one of the pressing issues from new business owners in Nigeria. A new corporation may need to register with different regulatory agencies, depending on the type of industry. As paying taxes is one […]