Business
TCN suspends planned power outage in Ondo, Ekiti – BEDC

The Transmission Company of Nigeria (TCN) has decided to suspend the planned power outage on the Osogbo/Akure and Ado-Ekiti 132KV transmission lines. This decision comes after an earlier announcement by the BEDC Electricity Plc (BEDC) that the outage was scheduled to last for two months.
Evelyn Gbiwen, the Head of Branding and Corporate Communications at BEDC, released a statement confirming the suspension of the planned outage. According to her, TCN has informed BEDC that the outage, originally set to take place from July 1 to August 31, has been suspended indefinitely. This means that BEDC’s services will continue without interruption until further notice from TCN.
The planned outage was initially intended to facilitate maintenance work on the 132KV Osogbo-Akure transmission line, including the installation of optical ground wire and other necessary activities that require outage for safety reasons.
BEDC has reassured its customers in Ondo and Ekiti states that despite the suspension of the planned outage, the company remains committed to providing uninterrupted electricity services and serving its customers better.
In summary, the power outage that was scheduled for Osogbo/Akure and Ado-Ekiti has been put on hold until further notice from TCN, allowing BEDC to continue its operations without disruption.
Business
CAC unveils new service fees starting August 1
For companies, notable revisions showed that the voluntary striking-off fee has been raised from N25,000 (for small companies) to N50,000, and N100,000 for public entities.

The Corporate Affairs Commission (CAc) on Tuesday, announces an increments for its service fees review certain service fees effective the 1st day of August 2025.
In a statement , the Commission said that the new fees are a reflection of the current economic conditions and rising operational expenses.
The CAC added that the new development is expected to have implications for business owners, legal practitioners, compliance officers, and stakeholders engaging with the corporate registry for post-incorporation filings and regulatory services..
Said CAC: ” the reviewed fee structure affects services offered to companies, limited partnerships, business names, and incorporated trustees.
For companies, notable revisions showed that the voluntary striking-off fee has been raised from N25,000 (for small companies) to N50,000, and N100,000 for public entities.
Relisting of a Company now costs N50,000 for LTD/GTE and N100,000 for public companies.
Due Diligence Search (Self-Service) has been fixed at N50,000 across all categories.
The commission said the request for an extension of time to hold the annual general meeting will now cost N100,000 for public companies, and N50,000 for others.
Historical Search Reports: Depending on the type, public users will now pay N20,000 to N30,000 per request.Other charges include N25,000 for restriction of the director’s residential address and N5,000 per certified true copy of documents or extracts.Under Limited Partnerships, the updated fees are as follows voluntary Striking Off and Relisting: N25,000, letter of good standing: N10,000, Registration and CTC of Documents: N30,000, Change of Name: N10,000.
For Business Names, the structure reflects modest increments of N10, 000 for voluntary striking off, relisting: N25,000, application for cessation N10,000, CTC of Documents/Extract: N5,000 each, restriction of Proprietor’s Address: N25,000.
The commission stated that name reservations across the board remain at N1,000 while name reservations for restricted words cost N5,000.”
Business
June Tax Returns: FIRS Extends Office Hours to Weekends
“As you are aware, the month of June marks the peak of the annual Companies Income Tax (CIT) filling season, with many taxpayers whose financial year ends 31st December expected to file their tax returns by June 30.“

THE Chairman of the Federal Inland Revenue Service (FIRS), Zaacheus Adedeji, has directed the extension of tax office operations to weekends for the month of June.
In a statement on Monday, Dare Adekanmbi, Special Adviser on Media to the FIRS chairman, explained that the directive is part of Adedeji’s commitment to matching the agency’s customer-centric policy with tangible action.
The statement reads: “The weekends service, which started on June 14, will end on Sunday, June 29, “and it is aimed at helping companies who are mandated by law to file their tax returns by the end of the month meet up with the deadline.”
“With the directive, tax offices are expected to open for business from 10:00 a.m. to 4:00 p.m. on Saturday and 12:00 p.m. to 4:00 p.m. on Sunday throughout the month of June.”
Consequent upon Adedeji’s approval, the Coordinating Directors of Large Taxpayers Group (LTG), Government and Medium Taxpayers Group (GMTG) as well as Emerging Taxpayers Group (ETG), Ms Amina Ado, Dr Dick Irri and Mr Kabir Abba respectively have conveyed the decision of the management to all staff in the tax offices in the three groups.
“As you are aware, the month of June marks the peak of the annual Companies Income Tax (CIT) filling season, with many taxpayers whose financial year ends 31st December expected to file their tax returns by June 30.“
To ease the process for taxpayers, enhance service delivery, and maximize tax collection during this critical period, management has approved extension of tax office operations to weekends for the month of June 2025,” a directive jointly signed by the three Coordinating Directors said.
The FIRS chairman, on assumption of office, reorganized tax operations for ease of tax payment, leading the transformation of the agency from merely being a tax-collecting entity to a service-providing body.
Business
Dangote Expands Sugar Refinery Business To Ghana
The Dangote Group say that the investment will reduce Ghana’s $162 million annual sugar import bill and boost local industrial growth.

Africa ‘s richest industrialist- Aliko Dangote, is constructing another sugar refinery in Ghana
,
The Dangote Group say that the investment will reduce Ghana’s $162 million annual sugar import bill and boost local industrial growth.
The expansion is also part of Dangote’s broader goal to expand integrated agriculture across Africa.
The factory, located at Kwame-Danso Bono East Region as part of the government’s “One District, One Factory” initiative, has the capacity to crush 12,000 tons of sugarcane per day throughout a 25,000-hectare irrigated sugarcane plantation.
It will also produce byproducts like molasses and ethanol.
In a LinkedIn post, the Dangote Group described the project as more than just a factory, calling it “a catalyst for self-sufficiency, employment, and continental transformation.”
Meanwhile, Dangote Sugar Refinery Plc – its Nigerian operation is already the country’s largest sugar producer, with a crushing capacity of 1.44 million tonnes.
-
Health2 days ago
Father’s Day: LAAF Acknowledges Men’s Daily Challenges, holds Conference in Lagos (Photos)
-
News2 days ago
NDLEA warns parents “Beware of drug-laced sweets for children “
-
Business2 days ago
Dangote Refinery Set to Distribute Fuel Nationwide: PMS and Diesel Distribution Begins
-
Business2 days ago
Israeli-Iranian war: Good News for Nigeria’s Oil Sector — CPPE
-
Crime2 days ago
BREAKING: Village Head Killed, Others Abducted in Suspected Herdsmen Attack on Tiv Community in Nasarawa
-
Business2 days ago
BACITI Urges NPA to Accelerate Ports Digitization, Peering Kenya, Morocco and Rotterdam
-
News2 days ago
Amuka, Osoba, Ugochukwu, Obaigbena, Momoh Lead Editors to Enugu for NGE biennial convention
-
News2 days ago
2027 Election: Fight breaks out at APC stakeholders meeting with Ganduje, others