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By Tony Obiechina, ABUJA The Bureau of Public Enterprises (BPE) has so far contributed N135bn out of the N220bn it is expected to generate for the 2019 fiscal budget, Director General of the privatization agency, Mr. Alex A. Okoh has revealed. Speaking at an interactive forum with the Senate Committee on Privatization at the National Assembly, the Director General said the Bureau is expected to contribute the N220bn in line with the Medium-Term Framework submitted by the Federal Government to the National Assembly for 2019 budget. He said the N135bn was generated through the sale of the Afam Electricity Generation…

By Tony Obiechina, Abuja The Securities and Exchange Commission (SEC), has said that the commission is working on a framework to regulate the use of crowdfunding by small businesses to raise capital. This was stated by Acting Director General of the SEC, Ms. Mary Uduk in an interview with journalists, on the sidelines of the ongoing annual meetings of the World Bank and International Monetary Fund (IMF) in Washington DC. According to a statement made made available to Prompt News Online in Abuja on Sunday, Uduk said the move is aimed at protecting investors in the capital market. “Investors’ confidence is…

By Tony Obiechina, Abuja The Federal Inland Revenue Service (FIRS) has established a tax office, dedicated solely to the administration of taxes for Non-Resident Persons. A statement by FIRS Head, Communication & Servicom Dept, Wahab Gbadamosi said the Executive Chairman, Tunde Fowler has already signed a Public Notice to that effect. The notice clarified that a non-resident person refers to a foreign company as defined in the Companies Income Tax Act (Cap C2, LFN 2004 as amended) or an individual (who is resident outside Nigeria and derives income or profit from Nigeria) as defined in the Personal Income Tax Act (Cap…

The Nigerian National Petroleum Corporation (NNPC) has assured of its resolve to continue to delivere value across the entire value chain of the Oil and Gas Industry for the benefit of Nigerians and other stakeholders. A release by the Acting Group General Manager, the Group Public Affairs Division of the NNPC, Mr. Samson Makoji, stated that Group Managing Director of the corporation, Mallam Mele Kyari, disclosed this shortly after teeing-off the 2019 NNPC Downstream Golf Tournament held at the Kaduna Golf Club in Kaduna, Saturday. “As you all know, NNPC is an enabler organisation for the nation’s economy. It will…

LAGOS – The Federal Government has said that it will not sit by and allow fake news and hate speech to rule the airwaves. It has therefore, vowed to continue to evolve ways to tackle fake news and hate speech. The Minister of Information and Culture, Lai Mohammed made the vow on Sunday during an interaction with Online Publishers in Lagos. According to him, fake news and hate speech remain clear and imminent danger to the polity, saying “It is in this light that we are once again asking you to join us in pushing this campaign. Mr. Mohammed states…

The Managing Director of the Nigerian Ports Authority, NPA, Ms Hadiza Bala Usman, has attributed the achievements she recorded so far to the supportive role of President Muhammadu Buhari. “Mr. President has been very supportive of the reforms we have done in the NPA. I always would say, having a leader that does not interfere in getting you to compromise your position is an integral part of the success of any head of government agency,” she said. Ms Bala-Usman, was speaking during a recent interview she granted Thisday Newspapers. When asked about her tough moment since assumption of office as…

The National Identity Management Commission (NIMC) says the adoption of the National Identification Number (NIN) as criteria for all examinations in the country will tackle malpractices such as impersonation and promote transparency. Hadiza Dagabana, NIMC General Manger Legal Service, made the suggestion in an interview with News Agency of Nigeria (NAN) in Abuja. She said although registration for NIN has already started at the Primary School level of education across the country, it should be encouraged to further enhance confidence in the nation’s examination system. According to her, doing so will help to stop impersonation, adding that registration processes for NIN…

IBADAN – The era of going cap in hand to beg for federal allocations would soon be over in Oyo State, Governor Seyi Makinde has sad. Mr Taiwo Adisa, Chief Press Secretary to the Governor, quoted his Principal as making the declaration during a thanksgiving service held at the Living Faith Church AKA Winners Chapel, Bashorun, Ibadan. According to the statement, the Governor further stated that the idea of relying solely on federal allocations would soon be a thing of the past in Oyo State, as, according to him, the State’s Internal Generated Revenue (IGR) will be drastically improved through…

The Federal Government has pledged its full support for the successful hosting of the 2019 All Africa Music Awards (AFRIMA), as the country prepares to host the glamorous event in Lagos 20-23 November 2019, with the theme: ”Feel Africa”. The Minister of Information and Culture, Alhaji Lai Mohammed, made the pledge in a statement in Lagos on Sunday. ”When you look at the All Africa Music Awards, it’s one of the biggest awards for the music industry in Africa, and what government has done in the past is to provide the enabling environment for the awards to take place. ”We…

True to its name, “The Enemy I know”, Nollywood’s blockbuster presents the intrigues, conspiracy and scheming against its lead character, Regina Daniels, who stars as Zara in the movie. NANBox OfficeReview, x-rays the star-studded thriller, its cast and crew, filming, locations, as well as the story line for the amusement of curious movie enthusiasts and industry watchers. “The Enemy I know’’ is directed by Ozoemena Nwakile and produced by Rita Daniels, mother of Nollywood fast-rising actress, Regina Daniels. It features Sola Sobowale, Desmond Elliot, Jide Kosoko, Ken Erics, Tana Adelena, Broda Shaggi and the comic Woli Arole, with singer Naira…