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Thursday, June 4, 2020

Business

Nigeria made N273.5bn from VAT in 6 months

Nigeria recorded a total sum of N273.50 billion in value added tax (VAT) in six months in 2018, the National Bureau of Statistics (NBS), reported on Thursday. According to the Bureau, sectoral distribution of...

Technology will Aid Transaction Cost Reduction in the Capital Market – Uduk

What are some the initiatives the SEC is implementing to boost investors' confidence? We are doing a lot to boost investors' confidence in our market. But I want to say...

$100m Tony Elumelu Entrepreneurship Programme Open For Entries.

The $100 Million Tony Elumelu Foundation Entrepreneurship Programme – an annual programme of training, funding and mentoring, designed to empower the next generation of African entrepreneurs – is now open for entries.

We won’t Prosecute Multiple Accounts Holders – SEC

Nigerians have once again been enjoined not to entertain any fears of prosecution but take steps to regularise their multiple subscription accounts in order to obtain the benefits of their investments in the capital market.

Nigeria settles 4-month dispute with MTN for $52.6m

Africa’s largest telephony carrier, MTN Nigeria, has settled its four-month long dispute with the Nigerian authority at a cost of $52.6 million, the telecommunications company said in a statement following months of negotiations from the two parties....

After denial, Diamond, Access bank announce merger

Diamond Bank has confirmed that is its being acquired by Access Bank, following weeks of speculations and denials. The bank, in a written statement signed by its Company Secretary/Legal Adviser, Uzoma Uja, said “completion...

Nigeria capital importation shrinks 31% in 2018

Nigeria's capital importation declined by as much as 31.1% year-on-year and 48.2 percent quarter-on-quarter (QoQ) in Q3’18 to $2.9 billion, the lowest since 2017, data from country’s data body, Nigeria Bureau of Statistics (NBS) shows.

Dozie’s Diamond Bank now acquired by Access Bank

Access Bank is said to have officially acquired Diamond Bank, although no official statement has been released confirming this development at the time of filing this report. A source in Nigeria's central bank confirmed...

FG sues Shell and Eni for £868m over corrupt 2011 oil deal

The  Federal Government has filed a billion-dollar claim in a British court against oil giants Royal Dutch Shell and Eni over alleged fraud and corruption that diverted millions of dollars from the  country.  Reports...

NASCON launches New Dangote Classic Seasoning Cubes

…Says its’ meets complete nutrition need of the people Management of the NASCON Allied Industries Plc, a subsidiary of the Dangote Industries Limited has pledged its commitment towards a healthy living by the people...
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3 Police officers accused in Floyd’s death each get $750K bail

    Associated Press A judge set bail at $750,000 apiece Thursday for three fired Minneapolis police officers charged with aiding and...
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Octogenarian ex-Ondo State Gov. Olomilua dies

    Elderstateman and one-time Governor of the old Ondo State, Evangelist Bamidele Olomilua, has passed on. The 80 years old breathed his last at his country home, Ikere...

Five years after, child defiler gets death sentence for fatally raping baby

    A child defiler, who ravished a 33-month-old baby and snuffed her out is to die by hanging, a Nigerian court has ruled. A Kaduna State High...

Senate Probe Panel Indicts Akpabio Over NDDC N500m Project Scam

  The Minister of Niger Delta Affairs, Sen. Godswill Akpabio, may have soiled his hands in a N500 million Niger Delta Development Commission's project fraud as...

Jailed ex-Abia Governor, Orji Kalu, released from prison

  Following a Lagos court judgment, jailed former Abia State Gov. Orji Uzor Kalu, was on Wednesday night released from Kuje Correctional Centre, Abuja. The convicted...