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Tribunal adjourns hearing as Multichoice pays N8bn deposit in ‘tax evasion’ dispute
Multichoice Nigeria Limited (MCN) says it has complied with the directives of the tax appeal tribunal (TAT) by depositing with the FIRS an amount required by the law.…
‘N500 stronger than $1 on the streets’, says Former CIBN Boss
Former President of Chartered Institute of Bankers of Nigeria (CIBN), Segun Ajibola, said N500 is enough for a Nigerian to feed, as he defends the naira against the dollar. Ajibola…
Leadership training will make female accountants excel – Yemisi Edun
A notable member of the Institute of Chartered Accountants of Nigeria (ICAN) and Managing Director of First City Monument Bank (www.fcmb.com), Mrs. Yemisi Edun, has called on the…
‘Famfa Oil is a Family Business’ – Alakija
The oil and gas industry in Nigeria and indeed, everywhere else, is not for the lily-livered, as only the fittest survive, especially in these recent austere times. Despite the inclement…
Oil prices rise amid drop in US crude inventories
Oil prices rose on Wednesday after industry data showed a large drop in crude inventories of the United States, the world’s top oil consumer. Brent crude oil futures, global…
Ronaldo topples Messi as world’s highest paid footballer
Cristiano Ronaldo has toppled Lionel Messi at the top of Forbes’ list of the highest-paid footballers in the world. Ronaldo, 36, will earn $125m this season, while Messi will earn…
Nigeria, China trade volume tops $20bn
The Chinese Ambassador to Nigeria, Ambassador Cui Jianchun, has said that the trade volume between his country and Nigeria was $20bn in 2020 despite the coronavirus pandemic.…
CSOs Laud Emefiele’s Economic Innovations, Management Of Naira
The Coalition of Civil Society Groups (CCSG), has passed a vote of confidence upon the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, just as the groups highlighted some…
Nigeria raises $4bn Eurobond as foreign investors oversubscribe four times
After an intensive two days of virtual meetings with investors across the globe, Nigeria has raised the sum of $4 billion through Eurobonds, with investors demanding more than…
Parallel Market Apprehensive Of Clampdown As More Nigerians Hoard Dollars
Currency traders are becoming wary of keeping dollars with them as websites such as Abokifx.com which publish latest foreign exchange rates used by street traders have stopped…
N924m Debt: Court To Hear AMCON Case Against Ex-Super Eagles’ Captain Nov 11
Justice Chukwujekwu Aneke of the Federal High Court in Lagos will on November 11 hear a suit filed by the Assets Management Corporation of Nigeria (AMCON) seeking to recover an…
Tax digital transactions, Buhari orders FIRS
President Muhammadu Buhari has ordered the deployment of technology to tax digital transactions carried out across the country. Boss Mustapha, the secretary to the government of the…
Merchants, business outlets MUST accept eNaira payments, says CBN
The Central Bank of Nigeria (CBN) says the country’s first digital currency, eNaira, must be accepted as a form of payment by all merchants and business outlets. Last month, the apex…
Execution of Sugar Master Plan could fetch Nigeria over $700million yearly – Dangote
Chairman of Dangote Sugar Refinery Plc, Aliko Dangote has said that the National Sugar Master Plan (NSMP) when executed as designed could fetch the nation foreign exchange in excess of…
Olufemi Awoyemi leads talks as Thealvinreport.com convenes a session on the forex crisis
Following the recent situation with the National Currency which has seen its continuous slide against major global currencies especially the Dollar and the Pounds, frontline…
VAT row: Fed Govt directs remittance by firms to FIRS
As the deadline for the remittance of the Value Added Tax (VAT) for August expires today, the Federal Government has told companies to pay to the Federal Inland…
NNPC Earns N366 Billion From Crude Oil, Products Sales In May
The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m (N90billion) in May 2021, representing 180.29% increase in sales…
Big Four: These Are The Auditors Earning Billions From Nigerian Banks
The four biggest global audit firms earned a whopping N6.13 billion from 11 Nigerian banks as audit fees for 2020, a review by PREMIUM TIMES shows. The big four…
Manufacturers’ demand for forex nears $2b amid scarcity, weak naira
• Middle-class Nigerians shop for stable ‘dollar’ as FX crisis continues • Naira in moment of decision, trades at N570/$ Despite improved confidence in the…
Customers scam banks with fake visas, tickets for forex
The Central Bank of Nigeria has vowed to engage financial crime fighting agencies to pursue fraudsters who have been deceiving the banks with fake documents to buy forex at cheap rates…
Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers
Amid desperate moves by the Central Bank of Nigeria to sanitise the forex market and halt the naira’s free fall, the Association of Bureaux De Change Operators of Nigeria says it has…
MTN Nigeria set to issue N89.99bn bond
MTN Nigeria Communications Plc is set to launch a Series 2 Bond of about N89.99bn. A mail sent from Chapel Hill Denham Advisory Limited to MTN investors and reported by…
BREAKING: CBN confirms investigation of Oniwinde Adedotun, abokiFX founder
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has confirmed the investigation of Oniwinde Adedotun, the founder of abokiFX. On Thursday, TheCable reported that …
CBN maintains benchmark interest rate at 11.5%
The monetary policy committee of the Central Bank of Nigeria (CBN) has announced its decision to maintain the monetary policy rate (MPR), which measures interest rate, at 11.5…