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KPMG Pulls Out of Russia Following Ukraine Invasion
KPMG, one of the world’s Big Four accounting companies, has announced that it would no longer have a member business in Russia as a result of the country’s invasion of Ukraine. The auditing and consulting company…
Food Crisis Looms As Fertiliser Price Soars Ahead Rainy Season
Stakeholders in the agricultural sector, especially farmers, have expressed fears over imminent food crisis owing to the continued rise…
GTCO Plc Releases 2021 Full Year Audited Results…Reports Profit Before Tax of ₦221.5billion
Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Audited Consolidated and Separate Financial…
Netflix suspends Russian service
Netflix Inc has suspended its service in Russia, joining the train of western companies that have hit the exit door, since a raft of sanctions were slammed on the country by western powers. Earlier this week, Netflix…
Sahara Group Embarks On Strategic Appointments To Drive Global Expansion
Energy and infrastructure conglomerate, Sahara Group, has announced several directorate appointments to support the continuing strategic expansion of its businesses across Africa, Asia, Europe, and the Middle East.…
Oil prices soar to $139
Oil prices soared to $139 and shares sank in frantic trading on Monday amid talks of a U.S. and European ban on Russian product Further fuelling the rise is the delay in Iranian talks. The euro extended its slide, hitting parity against…
Dangote increases sugar production by 9.2% to 811,962 tonnes
For the full year ended December 31, 2021, the Management of Dangote Sugar has revealed that the group’s production volume…
South Africa’s ruling party tackles MultiChoice over removal of Russian TV station
The African National Congress (ANC) says the removal of Russia Today (RT) from the list of Multichoice channels available for viewership is an…
Nigeria’s box office recorded N4.8 billion revenue in 2021
The Cinema Exhibitors Association of Nigeria (CEAN) has said they realised N4.8 billion revenue through ticket sales in 2021. CEAN Chairperson, Patrick Lee, disclosed this in an interview with newsmen on Saturday in…
Shell donates profit from Russian oil deal to Ukrainian refugees
Shell Oil, Europe’s largest oil company, has said it will donate the profits from a recent purchase of Russian crude oil to a fund designed to help Ukrainian refugees. The decision was taken following criticism from…
Russian banks switch to China’s UnionPay after Visa, Mastercard snub
Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system. The new issues will be coupled with Russia’s own Mir network. The move comes after Visa and…
Here are the countries buying Nigeria’s crude oil, as price hits nine-year high
As many countries shift away from buying Russian oil, new export opportunities have opened up for Nigerian crude which is regarded as one of the best in the…
Russia-Ukraine: Wheat Prices Going Up
In Kano State, wheat harvesting period has been targeted towards the middle of March 2022, but recent investigations revealed that the price of wheat in the market has been going up by the day and the grain is also…
NNPC Cancels ExxonMobil’s $1.6bn Assets’ Sale To Seplat
The Nigerian National Petroleum Company Ltd has opted to exercise its right of first refusal as contained in the Joint Operating Agreement (JOA)…
Paypal shuts down services in Russia
Payments company, PayPal Holdings Inc shut down its services early on Saturday in Russia, citing “the current circumstances”. PayPal is joining other financial and tech companies in suspending operations there after the…
NNPC announces N37.5bn trading surplus
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a trading surplus of ₦37.50 billion for the month of September 2021. This represents a 352% increase from the ₦8.29 billion surplus in August…
NCC sets to deploy 5G network in Nigeria
The Nigerian Communication Commission (NCC) is on the verge of deploying the Fifth Generation (5G) network in Nigeria. Already, spectrum licenses for the companies that will rollout services have been issued.…
Sanwo-Olu raises Lagos Employment Trust Fund support by 100 percent
Lagos State Governor, Babajide Sanwo-Olu, on Thursday, announced a 100 per cent increment in capital subvention to the Lagos State Employment Trust Fund (LSETF). The Governor doubled the agency’s subvention in a move to…
FCMB Appoints Obaro As Executive Director
First City Monument Bank (FCMB) Thursday announced the appointment of Obaro Odeghe as Executive Director, Wholesale Banking following the approval of the Central Bank of Nigeria (CBN). In this role, Obaro will focus on…
FCMB TRUSTEES INTRODUCES E-WILL
As a major player in the Trustees business, FCMB Trustees Limited has launched e-Wills, an automated system that makes the process of writing of Wills…
FG charges Dangote Cement tax of N173.93bn for 2021; paid N97.24 billion tax in 2020
Dangote Cement Plc has sustained its position as a leading contributor to Nigeria’s economy with a tax charge of N173.93 billion for the…
BREAKING: Customs Suspends Implementation Of VIN Valuation Policy
The management of the Nigeria Customs Service (NCS) has suspended the Vehicle Identification Number (VIN), valuation policy recently…
Trouble As Sex Scandal Hits MTN Nigeria
There is trouble in MTN Nigeria as sex scandal has rocked the gobal telecommunication company. The female employees of the company in Nigeria have…
MTN offers free calls, text messages to/from Ukraine
MTN says it will be offering free international calls and SMS to all existing prepaid and postpaid customers in response to Russia’s invasion of Ukraine. The company made this known in a statement on Thursday. MTN said…