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New fake investment schemes fraudsters use to defraud Nigerians
Hundreds of people have fallen victim to dubious investment syndicates promising high returns on money invested, with some of the operators arrested by the police, reports…
Nigeria’s unclaimed dividends hit N170bn –SEC
The Securities and Exchange Commission (SEC) on Friday said that the total unclaimed dividend in the Nigerian capital market stood at N170 billion as of December…
Customers abusing forex requirement, say Bankers
The Bankers’ Committee has raised the alarm that bank customers have started abusing the ban on the sale of foreign exchange (forex) by Bureaux de Change (BDCs). Rising from their meeting yesterday, the…
Hacker to return ALL $610m stolen cryptos – Poly Network
The hacker behind the Poly Network cryptocurrency heist has returned more than half of all the stolen digital coins. Poly Network, a platform that allows users to exchange crypto…
Outspan Nigeria Ltd – Backward Integration Project in the Dairy Sector – Inauguration of Milk…
Outspan Nigeria Ltd (an Olam Group company) in partnership with Kano Dairy co-operative union inaugurated two new milk collection centers and one upgraded bulking center on 07thAugust 2021. Each…
Standards Organisation Validates FCMB’s ISO 9001 :2015 Certification
For improved business processes and consistent delivery of quality products and services to customers, the Standards Organisation of Nigeria (SON) has validated First City Monument…
Davido is highest paid Nigerian on 2021 Instagram’s rich list
Davido, with close to 21 million followers, has emerged the highest paid Instagram influencer from Nigeria and second highest in Africa after Mohammed Salah.According to the…
BREAKING: Shell agrees to pay Ogoni people N45bn compensation — 11 years after judgment
The Shell Petroleum Development Company (SPDC) has agreed to pay the N45.9 billion awarded to the Ogoni people of Rivers state as compensation for oil spills in their…
Dangote Refinery Capacity Scares Off Licensees From Investing In Petrol Refining
Strong indications have emerged that refinery licensees in the country are wary of making further investments in the refining of premium motor spirit (PMS) popularly known as…
AMCON Denies Plans To Take Over Dangote Refinery
Contrary to some reports that the Assets Management Corporation of Nigeria (AMCON) could take over the Dangote Refinery over debts owed by the Dangote Group to banks, the corporation…
Dangote, only Nigerian on Bloomberg’s top Billionaires’ lists
…Fortune increases to $17.8bn Africa’s richest man, Aliko Dangote has significantly moved up in the World billionaires’ list as his fortune increased to $17.8 billion as…
Rivers Govt, Not FG Should Collect VAT, Related Taxes, Court Rules
In a landmark ruling, the Federal High Court sitting in Port Harcourt, Rivers State, has declared that the Rivers State Government and not the Federal Inland Revenue…
Ivorian Petroci, Nigeria’s MRS feud over acquisition of Chevron downstream assets
A joint investment agreement between two African companies, Société Nationale Petroliere de Côte D’Ivoire, shortly referred to PETROCI, and MRS Holdings of Nigeria…
Petrol landing cost hits N249/litre, deregulation remains uncertain
The landing cost of Premium Motor Spirit (petrol) imported into the country has increased to a new high of N249.42 per litre on the back of high global crude oil prices. The further…
98% of businesses in Nigeria’s informal sector pay taxes… but to non-state actors –…
SBM Intelligence, an Africa-focused geopolitical research firm, says 98 percent of businesses in Nigeria’s informal sector paid their taxes — but to non-state regulated actors. The…
NNPC nets ₦43.57bn surplus in April, about N8bn higher than in March
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57 billion in April 2021 representing a 23.64 per cent increase over the ₦35.24 billion it…
MTN thanks Nigerians on 20th anniversary
MTN has extended its gratitude towards Nigerians as the telecoms and ICT company celebrates its 20th anniversary. The company began its operation in Nigeria in 2001 and has grown to…
Landlord Accuses AMCON of Flouting Court Order
A property owner, Mr Adebayo Shittu has accused the Asset Management Corporation of Nigeria (AMCON) of violating an order of the Court of Appeal, Lagos that restrained it from taking any…
Experts laud FEC approval of NNPC’s acquisition of 20% stake in Dangote refinery
Some economists and oil and gas experts have backed the Federal Executive Council’s (FEC) approval of the acquisition of 20 per cent minority stakes by the Nigerian National Petroleum Corporation (NNPC)…
16 insurance firms pay N67.12bn claims in six months
The total claims paid by sixteen insurance companies in the country rose by 36.48 per cent in the first half of this year from N49.18bn in the same period of 2020. An analysis of data…
Disquiet Over Closure Of Port Terminals In Lagos
Licensed clearing agents and other operators have expressed concerns over the indefinite closure of some bonded terminals in Lagos by the Nigeria Customs Service (NCS). They…
Dangote Sugar to invest $1bn on expansion
Dangote Sugar Refinery Plc has announced that it plans to spend $1bn on expansion after the Central Bank of Nigeria made the firm one of the three sole importers of the sweetener into the country.…
CBN recovers customers’ N89.2b from commercial banks
The Central Bank of Nigeria (CBN) has so far recovered N89.2 billion of customer’s money from commercial banks in the country based on 23,526 verified complaints that were investigated…
Rihanna becomes wealthiest female musician
Popular American singer, Rihanna has emerged the world wealthiest musician. This was made known by Forbes on its official Instagram page on Wednesday, August 4, 2021.…