The sealing of Coca-Cola, Guinness, and Peak Milk factories in Lagos during the Christmas holiday season could significantly impact revellers. These companies produce popular beverages and products that are in high demand during festive celebrations. With the factories shut down, there could be shortages of these products, leading to increased prices and limited availability. This Read More…
The Nigeria Data Protection Commission (NDPC) has imposed a fine of N555,800,000 on Fidelity Bank Plc for violating data protection regulations. This significant penalty, announced by the National Commissioner of NDPC, Dr. Vincent Olatunji, underscores the Federal Government’s commitment to enforcing data protection standards across the country. Speaking at the Nigeria Data Protection (NDP) Act Read More…
The Nigerian Electricity Regulatory Commission (NERC) has given the green light for an increase in electricity tariffs, impacting Band A customers who currently receive 20 hours of power supply daily. Mr. Musliu Oseni, Vice Chairman of NERC, announced this decision during a press conference held in Abuja on Wednesday. Oseni highlighted that Band A customers Read More…
The Lagos State Environmental Sanitation Corps (LAGESC), commonly known as KAI, has confirmed the apprehension of a woman accused of assaulting one of its officials for enforcing regulations regarding expressway crossings. According to the Agency’s spokesperson, Mr. Lukman Ajayi, the arrest occurred on Tuesday around 12:45 p.m. at Ile-Epo along the Ikeja/Iyana-Ipaja expressway, where the Read More…
The management of Dangote Industries Ltd. reacted to the Economic and Financial Crimes Commission’s (EFCC) raid on its Lagos head office regarding alleged foreign exchange transactions during Godwin Emefiele’s tenure as Governor of the Central Bank of Nigeria (CBN). In a statement, the multi-product group expressed its readiness to cooperate with the EFCC in its Read More…
The Corporate Affairs Commission (CAC) has granted an extension on the deadline for penalising companies failing to file annual returns, shifting the date from January 1, 2024, to April 1, 2024. According to Mr. Dominic Inyang, the CAC’s Director of Press, this decision stems from technical challenges encountered on the Company Registration Portal (CRP) and Read More…
The Federal Competition and Consumer Protection Commission (FCCPC) imposed a hefty fine of $110 million on British American Tobacco (BAT) Nigeria and affiliated companies for breaching multiple provisions of the FCCP Act and other related regulations, the commission confirmed in a statement released in Abuja. The FCCPC revealed that the penalties were the result of Read More…
The Federal Inland Revenue Service (FIRS) has introduced a significant measure, approving amnesty on penalties and interests linked to outstanding tax liabilities, as confirmed by the Chairman of FIRS, Zacch Adedeji, in a statement issued on Sunday in Abuja. Recognising the financial challenges faced by taxpayers in fulfilling their tax obligations, the FIRS has opted Read More…
The Lagos State Government has taken a firm stance to clamp down on illegal real estate practitioners operating within the state by the year 2024, ensuring stringent compliance with regulations set by the Lagos State Real Estate Regulatory Authority (LASRERA). At a stakeholders’ engagement and interactive session organised by LASRERA in Lagos, Barakat Odunuga-Bakare, the Read More…
The Lagos State Government has recently reopened several markets in the Mushin area that were previously shut down due to rampant environmental violations, particularly indiscriminate waste disposal. Among these markets were Mushin Main Market, Ojuwoye, Awolowo, Irepodun, and Daleko markets. Expressing the reason behind the temporary closure, Mr. Tokunbo Wahab, the Commissioner for Environment and Read More…
