The Federal Government on Friday declared that it will shut down the operations of Aboki FX, a website providing currency exchange information, which it described as an illegal and criminal platform. The Governor of the Central Bank of Nigeria, Godwin Emefiele, who disclosed this while fielding questions after the Monetary policy committee’s two-day meeting in […]
Continue Reading
Business leader and first female Managing Director of First City Monument Bank (FCMB), Mrs. Yemisi Edun, has charged corporate organisations, particularly micro-businesses, to adopt sound corporate governance practices in order to stand the test of time. She made this call as the guest speaker at the inaugural Corporate Governance and Enterprise Development Conference organised by […]
Continue Reading
Investors net worth on the Nigerian Exchange Ltd dropped further by N146 billion on Friday due to losses posted by some major blue chips. Specifically, the market capitalisation lost N146 billion or 0.71 per cent to close at N20.278 trillion, from N20.424 trillion reported on Thursday. Also, the NGX All-Share Index dipped 279.55 points or […]
Continue Reading
Guaranty Trust Bank, now Guaranty Trust Holding Company Plc, has posted a profit before tax of N93.1 billion for the six months ended June 30, according to the Group Chief Executive Officer of Guaranty Trust Holding, Mr Segun Agbaje. Disclosing the company’s audited financial results for the period ended June 30, on Friday, in Lagos, […]
Continue Reading
Tax and business advisory firm, Andersen, has questioned how the Federal Inland Revenue Service (FIRS), arrived at the N1.8 trillion tax bill it slammed on MultiChoice Nigeria, warning that it could harm the reputation of both parties. The firm’s position was contained in an article published on its website. Titled “Reputational Risks and Tax: MultiChoice […]
Continue Reading
President, LCCI, Mrs. Toki Mabogunje The Lagos Chamber of Commerce and Industry (LCCI) has expressed worries about the negative impacts of insecurity on Foreign Direct Investments (FDIs) inflow into the country and the business community at large. Indeed, the Chamber bemoaned Nigeria’s inability to attract FDIs as a result of the high level of insecurity, […]
Continue Reading
FIRS banks on stay of execution order ahead Appeal Court ruling States now custodians of collection until subsisting order is reversed, say analysts Lagos IGR to grow by N400b yearly with new VAT law, annual revenue may exceed N1tr Consumption has huge cost borne by states, says Owoh Lagos State Governor, Babajide Sanwo-Olu Ahead of […]
Continue Reading
President/Chief Executive, Dangote Industries Ltd., Alhaji Aliko Dangote, has revealed plans to increase human capacity at its Refinery Project site, from 40,000 personnel to 57,000 in the coming months. This is contained in a statement signed by Mr Anthony Chiejina, Group Head, Corporate Communications, Dangote Group on Sunday in Lagos. According to the President, Dangote […]
Continue Reading
A foremost Nigerian bank, Access Bank Plc, has announced a total assets worth of a whopping N10.06 trillion for the half year ended June 30, 2021 as against N8.68 trillion reported in full year ended December 31, 2020 indicating 16 per cent increase. It said that the impressive increase in total assets was driven by […]
Continue Reading
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown. Sadly, the naira yesterday plunged to a new low at the parallel market, selling for between N525/$ and 530/$. According to the data, the gross component of the reserves climbed to $34.1 billion at the start […]
Continue Reading
