No hiding place: companies need to demonstrate they pay their fair share ​ The launch of a new tax reporting standard that seeks to ensure multinationals are much clearer about how much – and where – they pay their taxes has received widespread international support. The GRI Tax Standard is the first global standard for

The Federation Account Allocation Committee (FAAC) disbursed N2.273 trillion to the three tiers of government and other statutory recipients between July and September this year, according to data from the Nigeria Extractive Industries Transparency Initiative (NEITI). Also, the total revenues from Value Added Tax (VAT) dropped by N36.8 billion to N275.12 billion in the third

The Convention on Business Integrity (CBi) in collaboration with the ActionAid and the Lagos Chamber of Commerce and Industry (LCCI) has unveiled a Unique Web-based Solution that prepares MSMEs to meet COSO 2013 standards on internal controls and to establish certifiable anti-bribery, anti-corruption standards (ABAC). The launch which was held in Lagos recently, had in

By 2050, many coastal megacities and small island nations will experience once-a-century weather catastrophes every year, even with an aggressive drawdown of greenhouse gas emissions, a major UN report said. More than a billion people will, by mid-century, be living in areas prone to cyclones, large-scale flooding and other extreme weather events amplified by rising

On September 22, 2019, Nigeria’s sustainability champion, Access Bank Plc., launched the Global Principles for Responsible Banking as one of the Founding Signatories alongside other global banks. This is a further commitment to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change. By signing the Principles, Access Bank

The United Nations Children’s Fund’s (UNICEF) representative in Kano State, Mr. Peter Hawkins, has said that no fewer than one million children are out of school in the state. Hawkins said this on Monday in Kano during a four-day workshop organised for commissioners and permanent secretaries from the 19 northern states. The workshop was organised

The National Identity Management Commission (NIMC) has said that with the executive order signed by President Muhammadu Buhari, no Nigerian will now get international passport without the national identity card. The NIMC Director in Ekiti State, Mr. Gbenga Ifayefunmi, disclosed that there are 22 collection points in the state, urging residents to avail themselves of

The Consumer Price Index (CPI), which measures inflation, declined to 11.22 per cent year-on-year in June compared to 11.40 per cen in May, according to the National Bureau of Statistics (NBS). Food inflation also reduced to 13.56 per cent in June compared to 13.79 per cent in the preceding month. According to the CPI figures

Nigeria’s aspiration for universal internet coverage has received a boost with the materialisation of a $100 million loan from the Government of India. The facility arranged by the EXIM Bank of India is the result of a close collaboration between the India High Commission in Nigeria and the Federal Ministry of Communications. The deal was

Governor of the Central Bank of Nigeria, Godwin Emefiele, has listed five things that the apex bank hopes to achieve over the next five years. He stated the five things while presenting the Monetary Policy roadmap for his 2019-2024 new term in office on Monday at the CBN Headquarters in Abuja. “Our priorities at the