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Farmers’ association applauds FG’s ban on direct purchase of agric produce by foreigners
The All Farmers Association of Nigeria (AFAN) has commended the federal government’s ban on foreigners’ direct purchase of agricultural produce. The federal executive council (FEC) had on Wednesday approved a memo…
Uber adds surcharge as gas prices spike in US
Uber Technologies Inc said on Friday U.S. customers, excluding New York City, will have to pay a fuel surcharge from March 16 as the ride-hailing firm tries to address concerns of drivers and couriers hit by…
Deutsche Bank backpedals out of Russia
Deutsche Bank, made a volte face within hours Friday by deciding it would wind down its business in Russia, following stinging criticism from some investors and politicians. It joins the ranks of Goldman Sachs and…
How Lessors Rip-off Nigerian Airlines with Exorbitant Rates
It has emerged that the Nigerian air travel market has become a huge windfall for leasing companies as they rake in millions of dollars from Nigerian airlines. According to THISDAY investigation, after the lockdown…
NICON Assets: Court Okays Process To Jail AMCON MD
A Federal High Court in Abuja has issued an order to commence committal proceedings against the Managing Director of the Assets Management Company of Nigeria (AMCON), Ahmed Lawal Kure, over alleged seizure of NICON…
Barclays suspends Chelsea’s bank account, credit cards
Chelsea’s bank account and credit cards have been temporarily suspended by Barclays, following the UK sanctions on the club’s owner Russian oligarch Roman Abramovich. The bank premised the action on the need to…
Why southeast ranks low in VAT collection
As the debate over whether the state or Federal Government should collect Value Added Tax (TAX) is yet to settle, inability to invest at home,…
Sanctions buster: Deutsche Bank stays put in Russia
Deutsche Bank which paid its chief executive officer 8.8 million euros ($9.68 million) in 2021, a 20% increase from a year earlier, is not leaving Russia, despite sweeping Western sanctions. The pay disclosure in its…
Place embargo on maize export now – Dangote tells FG
Nigeria must place an immediate embargo on export of maize to ensure food security in the country, Aliko Dangote, Chief Executive Dangote Industries, has said. Dangote made the call at the 4th Annual Nigerian Food…
Guinness not exiting Nigeria – Management
The Management of Guinness Nigeria Plc has said that the company has no plans of leaving Nigeria, contrary to the false statements making rounds on some social media platforms. Mrs Ayodele Alabi, Corporate…
Fidelity Bank Celebrates 2022 IWD with Financial Support to Women-Owned Businesses and Girls’…
Ezekwesili, Alakija, Shagaya, Chimamanda and others grace occasion In what has been termed a major push for breaking the gender bias in Nigeria, leading…
BOI wins award for raising $1bn syndicated term loan facility
Bank of Industry (BOI) says it has received an award for the ‘International Syndicated Loan Deal of the Year’ at the Bonds and Loans Africa Awards ceremony. A syndicated loan or syndicated bank facility is financing…
IMF approves $1.4 billion emergency support for Ukraine
The board of the International Monetary Fund (IMF) has approved the disbursement of 1.4 billion dollars in emergency financing for Ukraine amid Russia’s military invasion. “This disbursement will help meet urgent…
Russia drops gold tax to encourage savers to dump dollars
Russian President Vladimir Putin on Wednesday signed a law that exempts individuals from value added tax (VAT) on the purchase…
Biden Signs Order On Cryptocurrency As Its Use Explodes
President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital…
Malnutrition: Dangote upholds late brother’s wish by commissioning therapeutic Food factory
President of Dangote Group, Aliko Dangote, on Wednesday, promised to enter into agreement with governments, local governments and…
FIRS, MultiChoice agree to resolve tax disputes, withdraw ALL court cases
The Federal Inland Revenue Service (FIRS) and MultiChoice Nigeria have agreed to an amicable resolution over pending tax…
FG bans foreigners from buying agric produce directly from farmers
The federal executive council (FEC) has approved a ban on foreigners and their representatives purchasing agricultural produce at the farm gate.…
FCMB’ Top-5-In-5′ Season 2: Business Leaders and Experts Rally Entrepreneurs on…
Entrepreneurs, particularly startups, have been charged to acquire knowledge and the…
Coca-Cola, PepsiCo abandon Russia
America’s Coca-Cola and PepsiCo have suspended business in Russia, the soft drink giants announced Tuesday. The suspension comes as corporations and Western governments penalise Moscow for its invasion of Ukraine.…
JUST IN: US Bans Russian Energy Imports
President Joe Biden has announced a total ban of all energy products from Russia to the United States of America. Biden made the decision on Tuesday after bipartisan pressure from the US Congress to cut off all…
Airtel Africa repays $505m debt 1 year earlier
Airtel Africa Plc on Tuesday confirmed the completion of the early repayment of its 505 million dollars 5.125 per cent Guaranteed Senior Notes, originally due in March 2023 to investors, using cash balances available…
Lagos Revenue Agency, LIRS Affirms March 31 Deadline For Annual Tax Returns
The Lagos State Internal Revenue Service (LIRS) has reaffirmed March 31, 2022, as the deadline for the filing of annual tax returns by employers of labour.The LIRS said the filing of the annual income tax returns in…
Diesel price hits N625 per litre amid oil market pressure
The price of automotive gas oil, also known as diesel, has hit N625 per litre in some fuel stations. This is 4 percent higher than the N540/litre it sold last week — and about a 30 percent increase in the two weeks.…