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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.…
NLNG commissions historic consulate on Bonny Island
Nigeria LNG Limited (NLNG), on Saturday, commissioned the Bonny Consulate Building, a 19th-century historic landmark in Bonny Kingdom that was reconstructed as part of plans to boost tourism in the kingdom. The consulate…
Seplat clarifies NNPC’s pre-emption right on ExxonMobil assets acquisition
Seplat Energy says it has not cancelled its Exxonmobil deal. The company made the clarification in a press release on Monday. “Seplat Energy wishes to clarify that the Sale and Purchase Agreement (SPA), earlier…
Oil prices may hit $300 a barrel, Russia warns
Russia has warned Western governments contemplating a boycott of its oil, that prices may more than double to $300 a barrel. In addition, it said the boycott may prompt the closure of the main gas pipeline to Germany.…
Customs suspends VIN valuation system
The Nigeria Customs Service has announced the suspension of the implementation of the Vehicle Identification Number (VIN) valuation policy. This is contained in a circular dated March 7th, 2022, and titled, ‘Approval Of…
How online lenders’ crude, offensive tactics push borrowers into depression, suicide
Nigerians who resort to loans from online lenders following stringent conditions of banks are being subjected to psychological trauma by the lenders, VICTOR AYENI writes Dele Awosanya (not his real name), an…