archiveAugust 2016

The Federal Executive Council (FEC) has approved the Multi-lateral Competent Authority Agreement on Exchange of Country by Country Report to tackle the problem of tax evasion by multinational companies operating in the country. The Minister of Information and Culture, Alhaji  Lai Mohammed, said on Wednesday in Abuja while briefing State...

Investors on the Nigerian Stock Exchange (NSE) have been showering praises on the Central Bank of Nigeria (CBN) for the decision to allow cheque payment into saving account with banks. Alhaji Gbadebo Olatokunbo, shareholder activist and co-founder of Nigeria Shareholders Solidarity Association (NSSA), in a statement made available to Business247...

…. Plans 100% coal production in September Chief Executive Officer of Dangote Cement Plc, Onne Van der Weijde, has said the company's diversification into other African regions is finally yielding results. He disclosed that the company will commence 100 per cent coal production in September, 2016, in an attempt to...

Ecobank Nigeria has launched “Move on Up”, a new fully-integrated consumer advertising campaign. Move on Up is cantered on the bank’s drive to ensure that consumers have world-class accessible and convenient digital banking solutions across the country. Ecobank Nigeria is a subsidiary of Ecobank Transnational Incorporated (ETI), which is currently...

Cargoes of West African crude oil sailing east are on track to fall in August on fierce competition, shaky demand and disruptions in Nigerian loadings that forced at least one cancelled cargo. A total of 55 cargoes, for 1.685 million barrels per day (bpd) are booked to sail to Asia...

  ...says NJC should probe Justice Abang A member of the Board of Trustees of the Peoples Democratic Party (PDP), Chief Emmanuel Iwuanyanwu, has described as treasonable, the attempt by some politicians to remove the Abia State Governor, Dr Okezie Ikpeazu, using a High Court. There were reports of alleged...

Airtel Nigeria has introduced SmartConnect 2.0, a new offer which offers prepaid customers six times the value of every recharge. According to Airtel, SmartConnect 2.0 is specifically designed to give more value and enrich the lives of telecoms consumers, also empowering them to do much more as well as succeed...

Investors on the  Nigerian Stock Exchange (NSE) suffered a massive loss of N108 billion in today’s market transactions as the Market Capitalisation and All-Share Index which opened the day at N9.617 trillion and 28,000.80 basis points closed at N9.509 trillion and 27,687.80 basis points respectively. A total of 301.151 million...

A recent public opinion poll conducted by NOIPolls Limited in partnership with Project Alert on domestic violence has revealed an increasing prevalence of domestic violence across Nigeria in recent times as reported by about 8 in 10 (78 percent) respondents. The poll showed that domestic violence has been heightened by...

The Islamic State (Isis/Daesh) terror group has appointed Abu Musab al-Barnawi as the new leader for its branch in West Africa, the Nigeria-based Islamist outfit Boko Haram. IS announced the appointment of former Boko Haram's spokesperson in one of its magazines, the BBC said. Al-Barnawi replaced Abubakar Shekau, who became...