Foreigners using Free Trade Zone to evade tax payment after visa expires
Foreigners with business visas are reportedly taking advantage of the Free Trade Zones to evade tax payment for businesses and work done in Nigeria.
Obinwanne Okeke says he didn’t commit fraud on American soil
Obinwanne Okeke, who was arrested by the FBI, said American prosecutors do not have the jurisdiction to charge him to court because did not commit any fraud in the US.
SEC to refund victims of ponzi scheme, Dantata Success and Profitable Company
SEC has started holding talks with individuals who took part in the illegal capital market activities of Dantata Success and Profitable Company for refund.
NDIC defends resolution procedures for failing banks, says it is holistic
The Assistant Director of Insurance and Surveillance at the Nigerian Deposit Insurance Corporation (NDIC) John Abiodun, has defended the corporation's bank failure resolution procedures.
Dangote injects N63 billion to revive moribund ANAMMCO
Dangote Group has signed an agreement with Automaker, Transit Support Services Limited, for the supply of Shacman trucks.
UPDATED: Nigerian economy grows by 2.27% in 2019, post highest quarterly growth since 2016...
Nigeria’s Gross Domestic Product (GDP) grew by 2.55% in real terms, in the fourth quarter (Q4) of 2019, up from 2.38%.
Implementation of NOGICD Act saves Nigeria $9 billion annually – Agency
About $9 billion has been retained from the average $20 billion being spent in the oil and gas industry yearly due to the implementation of the NOGICD Act.
EU plans to impose visa restrictions on Nigeria
The European Union is planning to place restrictions on Nigerian nationals wishing to get the visa to some European countries popularly known as Schengen Visa.
Facebook’s Libra gets new partner
The Facebook-backed cryptocurrency collective, Libra scored a win recently as a new member, Shopify joined the platform.
Dangote’s multi billion-dollar refinery is 75% complete, Otedola says
Femi Otedola, recently visited the Aliko Dangote’s multi-billion-dollar refinery and fertilizer projects in the Lekki Free Trade Zone, has disclosed that the refinery is 75% complete.
CORRECTION: Cash deposit into domiciliary accout can only be withdrawn over the counter
The Central Bank of Nigeria (CBN) has restricted the process of cash withdrawal of electronic transfer deposits made into domiciliary accounts
Canadian Study Permit: Nigeria ranks 8th highest receiver in 2019
The newly-released Canadian Study approval list revealed that Nigeria ranks eighth in the ratings of countries with the highest number of study. permits approval in 2019
Financial Empowerment: UBA Launches ‘Click Credit’ to Ease Access to Cash for Customers
UBA Plc has launched ‘Click Credit’, a time loan designed to address the urgent needs of customers whose salary accounts are domiciled with the bank.
Is there trouble in paradise for the South African economy?
South Africa, which is often touted as one of Africa’s most developed nations, seems to be going through a rough patch economically.
British Airways to compensate passengers over diverted flights
British Airways has stated that its passengers, who experienced diverted flights a few weeks ago, would be compensated.
CBN: Banks no longer allowed to sack more than 5 staff without approval
Central Bank of Nigeria (CBN) has given a stern warning to all banks that they must seek its consent if they must sack more than five staff.
CBN to “reduce” savings rate to 1% declare OMO bills as “Poison”
The Central Bank of Nigeria may have announced plans to reduce savings deposit rates to 1% while declaring OMO bills as Poison.
Nigeria denies plan to hand over electricity distribution to Siemens
The Ministry of Power has denied the report that the Federal Government intends to hand over the nation’s electricity distribution to Siemens.
Africa’s second largest hydro power project to take off after legal tussle
The Federal Government seems to have overcome a major stumbling block that has been stalling the progress of Mambila hydropower project.
Zenith Bank Plc pays final dividend of N2.50 to shareholders
Zenith Bank Plc announced yesterday that it would pay a final dividend of N2.50 for every 50 kobo shares.
Nigeria’s tomato shortfall: What’s the way forward?
Yesterday, NIHORT announced at its 2-day workshop that Nigeria’s tomato supply gap now stands at 700,000 metric tonnes.
AfDB to support FERMA with $10 billion for roads, others
AfDB has offered $10 billion to Federal Roads Maintenance Agency (FERMA) for road and other infrastructure projects in the country.
Investors lose N103.91 billion on Friday
Stock market investors parted with N103.91 billion as the equities market capitalization, which opened at N14.37 trillion, shed 0.72% to close at N14.27 trillion.
Zenith Bank: Strong growth in Non-Interest Income offset weakness in Interest Income
Zenith Bank recently released its FY 2019 AUDITED report wherein Interest Income declined 6% y/y to N415.6 billion.
Guinness Nigeria boss reveals factors pulling company’s profit
Guinness laid issues like port congestion, tax reforms and decline in alcohol pricing have eaten deep into the company's profit, affecting the operations of the company.
Audit Query: Customs CG, AGF disagree over N28billion unremitted fund
Col. Hameed Ali and Ahmed Idris appeared before the Senate Committee on Public Accounts to address the audit query from the Auditor General of the Federation, Anthony Ayine over the unremitted funds.
Meyer Plc announces new appointment
Meyer Plc, in a notice to the investing public, has announced the appointment of Mrs Jane Ijegbulem as its new Company secretary.
FG begs US to lift visa ban on Nigeria
The Federal government has called on the United States to rethink the travel ban and remove Nigeria from its list of new visa restrictions.
Here’s Nigeria’s action plan to improve ease of doing business in the country
Nigeria has a new national action plan 5.0 that is aimed at accelerating the actualisation of the country’s ease of doing business target.
Zenith Bank reports 7.9% profit increase for full-year 2019
Zenith Bank Plc has released its audited full-year financial statement for the period ended December 2019.