Daily Record

PenCom Fines Defaulting Firms N12.093bn

The National Pension Commission (PenCom) has sanctioned defaulting companies N12.09billion monetary fines, LEADERSHIP learnt. This is aside the N12.440 billion principal contributions recouped, making a total payment of N24.5billion by employers who failed to remit the pension contributions of their workers as and when due. The penalty payment was for …

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I Will Liberate Imo, Says PDP Guber Candidate

  The governorship candidate of Peoples Democratic Party (PDP) in Imo State Sen Samuel Anyanwu, has assured his political party stakeholders that they will never regret having him as their party gubernatorial candidate in the forthcoming November 11    governorship election in the state. Anyanwu disclosed this while thanking  PDP leaders …

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Otti Launches New Tax System For Transporters, Traders

Dr. Alex Otti- Abia State Governor The Abia State governor, Dr. Alex Otti, on Monday launched a new digital tax system that would help the state eliminate fraud and intermediaries in revenue generation. The new system, which integrates free medical insurance scheme for all commercial vehicle drivers and riders of …

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Stanbic IBTC Bank Nigeria PMI®: Inflationary pressures mount following fuel subsidy removal

  The removal of the fuel subsidy in Nigeria caused a sharp strengthening of price pressures in June. In turn, rates of expansion in output and new orders softened but remained marked nonetheless. Business confidence dipped to a near-record low. Intensifying inflationary pressures encouraged companies to expand inventories to try and get ahead of further price increases. Meanwhile, …

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Bayelsa Guber: Suit seeking Sylva’s disqualification stalled

The inability of a plaintiff’s counsel, Prof. Abiodun Amuda-Kannike, SAN, to serve the Independent National Electoral Commission (INEC) with processes stalled hearing in a suit seeking disqualification of Mr Timipre Sylva of the APC from contesting in the Nov. 11 Bayelsa governorship poll. The matter, which was scheduled for hearing, …

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Money laundering trial: Bank staff testifies against Mompha

A compliance officer at Access Bank Plc., Mr Elijah Adegboye, on Monday, testified in the trial of social media celebrity, Ismaila Mustapha (alias Mompha), charged with laundering six billion Naira. The News Agency of Nigeria reports that Mompha was not present during Monday’s proceedings. Adegboye was led in evidence by …

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