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Business Update
Osinbajo Lists Policy Actions To Drive Industrialization Through Continental Free Trade
*African cross-border informal trade worth about $93b annually*VP off to Tanzania todayWhile the African Continental Free Trade Area (AfCFTA) offers limitless opportunities for the…
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How GTB, Ecobank,Two Other Banks Failed To Remit N10. 6 Billion Collected As Customs Duty To FG
The House of Representatives have threatened to stop banks that have refused to remit billions of Naira collected as customs duty to the federal government, saying four out of 18 banks…
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How Fidelity Bank Sacked Over 200 Staff After Deceiving Them, Defied CBN Directives
Fidelity Bank Plc under the leadership of Nneka Onyeali-Ikpe has reportedly sacked over 200 staff amidst the economic crisis rocking the country.The development is however in defiance…
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Oando PLC Hosts 6th Edition of its Webinar Series
Themed ‘The State of Insecurity in Nigeria: The Tipping Point’Oando PLC, Nigeria’s leading energy solutions provider, is set to host the 6th edition of its quarterly Webinar…
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CBN Orders Banks To Publish Names, BVN Of Forex Defaulters
The Central Bank of Nigeria (CBN) has directed all banks to publish names of customers who try to break the rules on Forex acquisition on their website.The CBN on Monday, August 30th…
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Transcorp Appoints Oliver Andrews As An Independent Non-Executive Director
The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate, has today announced the appointment of Oliver Andrews to the Board, as an…
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CBN Selects Technical Partner For Digital Currency Project
The Central Bank of Nigeria (CBN) has announced the formal engagement of the global Fintech company, Bitt Inc., as the Technical Partner for its digital currency, named eNaira, which is…
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Dangote’s $2bn Petrochemical Plant to Produce 77 Grades of Polypropylene
Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene in the country.…
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Tax Evasion: Tribunal Orders DSTV To Pay 50% Backlog Before Hearing Appeal
A Tax Appeal Tribunal (TAT) sitting in Lagos on Tuesday ordered Multichoice Nigeria Limited, owners of popular cable television services, DSTV, to pay 50 per cent of N1.8 trillion which…
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Stakeholders In Bauchi Sensitizes On The Review Of The Vertical Revenue Allocation Formula
Ayuba MafiThe Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) today in Bauchi sensitized critical stakeholders in the state on the review of the vertical revenue…
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