Month: December 2023

CAC Extends Deadline for Companies’ Annual Returns Submission to April 2024

The Corporate Affairs Commission (CAC) has extended the deadline for imposing penalties on companies that have failed to submit their annual returns from January 1, 2024, to April 1, 2024. This extension grants companies an additional four-month period to file their annual returns with the Commission. The CAC had previously warned that it would remove […]

LRMT Red Line on Track: MD LAMATA Inspects Final Overpass Bridge

Managing Director, Lagos Metropolitan Area transport authority (LAMATA) Engr. Mrs. Abimbola Akinajo, yesterday, inspected the last of five overpass bridges on the highly anticipated LRMT Red Line. This crucial step ensures the project stays on track for a Q1 2024 launch. Mrs. Akinajo said all the infrastructure had been completed, leaving only asphalt works, which […]

Hamzat charges Nigerians to shun greed, imbibe integrity

Lagos State Deputy Governor, Dr. Kadri Obafemi Hamzat has called on Nigerians irrespective of class, tribe or religion to shun greed and maintain integrity in all sectors for the country to experience the growth and development everyone hopes for. Hamzat gave this advice on Saturday at the Opening Ceremony of the 36th Triennial National Conference […]

Pedestrian crushed to death in Lagos

Barely two days to the new year, a hit-and-run driver ended the life of a pedestrian on Saturday, just after the Mobil filling station toward Otedola Bridge outward Lagos. The Lagos Territorial Coordinator, National Emergency Management Agency (NEMA), Ibrahim Farinloye, made this known in a statement issued in Lagos on Saturday. Farinloye said that the […]

CNG: 11 Plc Begins Plant Construction In Lagos, Ibadan

Chief executive officer, 11 Plc, Adetunji Oyebanji, has said the company has commenced exploration of the Compressed Natural Gas (CNG) market with the construction of facilities in Ibadan and Lagos respectively. Oyebanji, who disclosed this in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos, said that feat was part of […]

Depreciation: Naira Set For Worst Year Since 1999 – Report

Naira has been rated among the world’s worst performing currencies in 2023. This is according to Bloomberg in its latest report. It said the currency… Naira has been rated among the world’s worst performing currencies in 2023. This is according to Bloomberg in its latest report. It said the currency is poised for its worst […]

Plan your movement: Lagos announces closure of two flyovers

The Lagos State Government has announced a 2-night traffic diversion from 12:00 midnight till 5:00 am at Alaka inward Stadium Flyover Bridge and Ojuelegba Flyover Bridge by the Fire Station. A statement issued by Oluwaseun Osiyemi said the closure begins from Friday 29th to Saturday 30th December, 2023 for the installation of truck barriers. He said consequently, […]

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