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Fed Govt rakes in over N70b from VAIDS
FEDERAL Government’s data mining activities on taxpayers has shown that over N70 billion was realised from the…
MTN wins data war, as 1.88 million subscribers dump Glo, 9mobile
The battle for a greater data market share among Telcos in Nigeria continues to heighten, as Nigeria’s largest…
Implementation of 7.5% VAT begins February 1 — Minister
The Federal Government will from February 1 begin the implementation of 7.5 per cent Value Added Tax espoused by the finance law.The law, according to the government, will take effect after all the…
English-speaking ECOWAS countries reject rebranding CFA as Eco
Six English-speaking countries of the Economic Community of West African States (ECOWAS) has rejected the Eco currency adopted by eight…
Imo guber: Pastor Giwa attacks Father Mbaka over Hope Uzodinma prophecy
Senior Pastor of Awaiting The Second Coming Of Jesus Christ, Adewale Giwa, has said that he was not surprised to see the fulfilment of…
Customer Experience: GTB, FCMB, Citibank, others emerge best banks in 2019
GTBank Plc, FCMB Plc, and Citibank Plc have been rated best among others in the order of…
Nigerian business owners lament as 7.5% VAT rate takes off
The implementation of the newly introduced 7.5 per cent hike in Value Added Tax (VAT) and related tax adjustments in the 2010 Finance Act has commenced,…
TIN for individual business accounts, no VAT on pads… 15 ways new finance bill will change Nigeria
The finance bill signed by President Muhammadu Buhari will affect Nigeria’s economic space in more ways than one. Checks by TheCable showed that the bill…
CBN defends naira with $16.56b in 12 months
THE Central Bank of Nigeria (CBN) spent nearly $16.56 billion to defend the naira in the last one year, The Nation has learnt.…
Market capitalisation gains N2.22 trillion in seven days
The market capitalisation of the Nigerian Stock Exchange (NSE) rose N2.22 trillion or 17.10 percent in seven trading…
First time ever, 8 NNPC subsidiaries declare record N83.9bn surplus
Eight subsidiaries of the Nigerian National Petroleum Corporation (NNPC) declared a massive N83.9 billion trading surplus…
Roger Federer to become tennis first billionaire
Swiss professional tennis player, Roger Federer is reportedly ‘set to become tennis’ first billionaire’ in 2020, after making a fortune from a combination of prize…
Dangote reveals when he will buy Arsenal
Founder and President of Dangote Group, Aliko Dangote, has revisited his plan to buy English Football Club, Arsenal. For years, his interest to buy the…
Startup funding in Africa broke more records in 2019
The inflow of venture capital into the African technology ecosystem is not slowing down. Last year, startups operating on the continent…
Dangote concludes plan to secure 10,000 trucks from Indonesia
Dangote Group is set to purchase 10,000 Indonesian-made light pickup trucks. The trucks, which are described as the rural multipurpose…
Nigeria receives $17.5 billion diaspora remittances in 2019
Nigeria received $17.57 billion in direct diaspora remittances between January and November 2019. Data obtained from the Central Bank of…
MTN shares soar after Nigeria withdraws $2b tax claim
The Johannesburg-listed shares of MTN Group rose more than 5% on Friday after the announcement that Nigeria’s Attorney General and Justice Minister,…
Steve McQueen’s 1968 Ford Mustang sells for record $3.4m
The 1968 Ford Mustang GT that Steve McQueen drove in the classic car chase from the movie “Bullitt, one of the most famed cars from American cinema, sold…
Nigerian equities rally N1.23tr gains in six days
Nigerian equities charged further yesterday to their sixth consecutive positive trading session, chalking up N402.6 billion to push net capital gains for…
Don’t revoke our licences – Discos beg NERC
Power distribution companies (DisCos) have shown the Nigerian Electricity Regulatory Commission reasons why their licences should not be cancelled by the regulator.On November 6, 2019, The PUNCH reported a…
Banks’ loan to private sector increases by N3.47 trillion in 2019
As the Central Bank of Nigeria (CBN) continues to compel Banks to boost their credit to the real sector of the economy, analysis of data…
Dangote plans move to Big Apple city
Aliko Dangote, Africa’s richest man, plans to take office space in Big Apple New York to help diversify his investments and avoid the risk of currency fluctuations on…
Loan to deposit ratio remains 65% – CBN tells banks
The Central Bank of Nigeria (CBN) says the minimum loan to deposit ratio for commercial banks would remain at 65% in…
Fin-tech platform processes N140b transactions
Award-winning fin-tech start-up, Xpress Payment Solutions Limited, said it has processed transactions in excess of N140 billion through its…