Author: Ifetayo Adeniyi

FIRS 2025 Tax Clinic: Aims to Supply Assistance to New, Prospective Taxpayers Executive Chairman of FIRS, Dr. Zacch Adedeji FIRS 2025 Tax Clinic: Aims to Supply Assistance to New, Prospective Taxpayers The Federal Inland Revenue Service (FIRS) is set to host the 2025 edition of its flagship Tax Clinic, an initiative aimed at improving tax education and compliance among small businesses, startups, and informal sector operators across Nigeria. Organised through its Emerging Taxpayers’ Group (ETG), the two-day event will take place on Tuesday 15th and Wednesday 16th July, 2025, at Marcellina’s Place, beside Radisson Blu Hotel, Ikeja GRA, Lagos, from…

Currency in Circulation Rises to N5.01trn, Cash Outside Banks Now N4.63trn Currency in circulation (CIC) in Nigeria climbed to N5.015 trillion in May 2025, marking a modest increase from N5.003 trillion in April, according to the latest figures released by the Central Bank of Nigeria (CBN). The 0.24 per cent uptick points to continued liquidity build-up in the system, despite the apex bank’s tightening stance aimed at curbing inflation and mopping up excess money supply. Also, there was an increase in currency outside the formal banking system. From N4.57 trillion in April, the amount of cash held by the public…

Premium Trust Bank IT Officer Turned Down $7,000 Bribe in Failed Server Hacking Plot Premium Trust Bank IT Officer Turned Down $7,000 Bribe in Failed Server Hacking Plot A Federal High Court in Ikoyi, Lagos, was surprised on Monday as a Premium Trust Bank employee testified about rejecting a $7,000 bribe in a foiled cyber intrusion attempt. Ajayi Michael Folaseye, an Information Technology officer with the bank, appeared as the first prosecution witness in the trial of five staff members charged by the Economic and Financial Crimes Commission (EFCC) for attempting to hack the bank’s internal server. According to Folaseye,…

Fidelity Bank Extends Relief Efforts To Eti-Osa Community With Food Bank Initiative Henry Asiegbu, Divisional Head, Operations, Fidelity Bank Plc (Left); Adebayo Adeyinka, Executive Technical Assistant to the Managing Director/Chief Executive Officer, Fidelity Bank Plc (5th from Left); Meksley Nwagboh, Divisional Head, Brand and Communications, Fidelity Bank Plc (Right); flanked by some of the beneficiaries at the Fidelity Food Bank outreach in Eti Osa Local Government Area, Lagos recently. As part of its unwavering commitment to reducing food insecurity and supporting vulnerable communities, Fidelity Bank Plc, a leading financial institution, has distributed food packs to residents of Victoria Island in…

Stanbic IBTC Bank Wins Prestigious GTR Award For Best Trade Finance Bank In West Africa Stanbic IBTC Bank has been honoured with the Best Trade Finance Bank in West Africa award at the Global Trade Review (GTR) Awards in London on 26 June 2025. This award recognises the bank’s exceptional performance in trade finance and its commitment to delivering innovative solutions. The GTR (Global Trade Review) Leaders in Trade Awards recognise excellence in global trade, commodity, supply chain, export finance, and fintech sectors. The GTR hosts these annual awards to honour institutions that have demonstrated exceptional performance and innovation in…

Access Bank highlights leadership at climate governance initiative launch Access Bank PLC has once again demonstrated its leadership in sustainable finance with a strong showing at the launch of the Climate Governance Initiative Nigeria (CGIN) Chapter, hosted by Lagos Business School. Dr. Greg Jobome, Executive Director, Risk Management at Access Bank, was specially invited to speak at the event in recognition of the Bank’s pioneering role in integrating sustainability into its business model and its inspiring leadership within Nigeria’s corporate landscape. In his presentation, Jobome provided a comprehensive overview of how Access Bank has embedded climate risk considerations across its…

Igbinedion plans to upgrade Benin Recreation Club in a year Chief Gabriel Igbinedion Igbinedion plans to upgrade Benin Recreation Club in a year * He honours the club with his presence. The Esama of Benin Kingdom, Chief Gabriel Igbinedion, has pledged to give the Benin Recreation Club, a major facelift within the next 12 months. Igbinedion made the promise in Benin on Saturday during the commissioning of a newly remodelled ultramodern lounge named after him at the BRC. Expressing dissatisfaction with the current state of the club, Igbinedion said the facility requires urgent improvement. “This place needs a drastic improvement.…

Dangote’s initiative, stimulant to economy – Experts Dangote refinery Dangote’s initiative, stimulant to economy – Experts Dangote Petroleum Refinery’s new initiative has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence, as it will stimulate economic growth. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative would reduce production costs, ease inflationary pressures, and stimulate economic growth. Dismissing concerns about the refinery becoming a monopoly, he argued that inefficiencies in the sector had been systemic and long-standing, adding…

Aregbesola becomes National Secretary of ADC interim, reveals agenda Rauf Aregbesola Aregbesola becomes National Secretary of ADC interim, reveals agenda Former Osun State Governor, Rauf Aregbesola has pledged that he will transform the African Democratic Congress, ADC into a party that has a clear ideological compass absolutely committed to the people, rooted in democratic values, rule of law, social justice, accountability, transparency and national development as the party’s national secretary. Aregbesola said this while confirming his appointment as the interim national secretary of the party in a post shared on verified Facebook page on Tuesday night. Aregbesola was commissioner in…

INEC resumes voter registration, reveals 2025-2026 election timetable INEC Chairman, Prof. Mahmood Yakubu INEC resumes voter registration, reveals 2025-2026 election timetable * Two newly appointed National Commissioners and six RECs joined the team. The Independent National Electoral Commission has unveiled a comprehensive electoral timetable for 2025 and 2026, including five major elections and the nationwide resumption of Continuous Voter Registration. This announcement was made by INEC Chairman, Professor Mahmood Yakubu, during the second quarterly consultative meeting with Resident Electoral Commissioners held in Abuja on Tuesday. The electoral body, in a statement on its official X handle, said it is gearing…