Business
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SMEs kick as FIRS plans 5% VAT on online transactions
Small business owners yesterday kicked against the plan by the Federal Inland Revenue Service Board (FIRS) to charge 5 percent...
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‘Why Nigeria must stop used cars from China’
Federal Government has been urged to halt the dumping of used cars from China to save the local auto industry....
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US Fines Deutsche Bank $16m
Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated US corruption laws by...
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Payday Loans: How Option Stirs Up Middle Income Lending
Lagos – Payday lending first emerged in the early 1990s as banks in developed countries dialled back on small credit offerings,...
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RECAPITALISATION OF THE INSURANCE INDUSTRY
The National Insurance Commission (NAICOM) recently issued an ultimatum to insurance companies operating in the country to recapitalise on or...
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Banks’ software investment rises 55% to N120bn
The investment of 10 Nigerian Deposit Money Banks in software, which has accrued over the years, reached N120bn as of...
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Ship Owners Move to Harness $3.5bn Nigerian Content in Oil Industry
The President of the Ship Owners Association of Nigeria (SOAN), Dr Mkgeorge Onyung, has stressed the need for capacity building...
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Cornerstone recovers from loss, makes N2b profit
Cornerstone Insurance Plc has returned to profitability. Its 2018 financial year end. Its Profit before Tax for 2018 stood at...
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9mobile Gets $230m Loan Facility to Boost Growth Plan
Africa Finance Corporation (AFC) has announced the approval of a $230 million loan facility for 9mobile to help it attain...
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Dangote Cement sold 4.7m tons in 6 months
The Management of Dangote Cement has revealed that its Pan African sales increased by 2.7 per cent to nearly 4.7...
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NSIA’s profit rises by 39 per cent
The NSIA Insurance says its profit before tax rose by 39 per cent to N892.29m in 2018 from N640.75m reported...
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‘Technology crucial to tackling Nigeria’s rising poverty level’
To tame the rising poverty level in Nigeria, and Africa, the region would need to focus more on adopting technology,...
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FG to overhaul refineries for three years to drive local production
To achieve its 2023 target of ensuring local refineries operate optimally, the Federal Government has said it has begun the...
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NNPC fails to remit N77.92b, says NEITI
The Nigerian Extractive Industries Transparency Initiative (NEITI) on Thursday accused the Nigerian National Petroleum Corporation (NNPC) of under-remitting N77.92billion to...
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TCN seeks DisCo’s liquidation
The Managing Director, Transmission Company of Nigeria (TCN), Usman Gur Mohammed on Thursday, said he has made recommendation that one...
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FRC Unveils Individual Registration Portal
The Financial Reporting Council of Nigeria (FRC) yesterday unveiled its individual registration portal. The Executive Secretary/Chief Executive Officer, FRC, Mr....
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Zenith Bank Appoints Two New Directors
The Board of Directors of Zenith Bank Plc has approved the appointment of Mr. Henry Oroh as Executive Director of...
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Kaspersky raises alarm over security breaches through apps
Cybersecurity firm, Kaspersky, has raised an alarm over security breaches, which emanated from apps downloads. According to it, the...
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Banks face U.S. sanctions over North Korea, Iran deals
HEAVY fines await banks processing transactions for North Korea and Iran, Adjunct Senior Fellow, Energy, Economics and Security, Centre for...
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Nigerian Stock Exchange Delists Skye Bank, Fortis Microfinance Bank
The Nigerian Stock Exchange (NSE) wednesday delisted Skye Bank Plc and Fortis Microfinance Bank Plc following approval from the National...
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Insurers seek NSE’s support for recapitalisation
The Chairman of Nigerian Insurers Association, Mr Tope Smart, has asked the Nigerian Stock Exchange to assist the insurance companies...
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Investors gain N120bn on price appreciation in MTN, others
Trading on the floor of the Nigerian Stock Exchange sustained its positive momentum as market capitalisation increased by N120.7billion to...
Read moreDangote Cement overtakes MTN as NSE’s biggest firm
Dangote Cement Plc has regained its position as the biggest listed firm on the Nigerian Stock Exchange as sell-offs were...
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Zenith Bank’s total assets drop by N57bn
Zenith Bank Plc has reported a N57.11bn drop in the value of its total assets over a six-month period. ...
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Mixed reactions trail planned 5% VAT on online purchases
Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax...
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