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Why MAN wants the hike in alcohol and tobacco excise duty reversed
The Federal Government has been advised by the Manufacturers Association of Nigeria (MAN) not to go ahead with the proposed excise duty hike on alcoholic beverages and tobacco products in Nigeria, as doing so would portend negative…
CBN appoints interim management for Fortis Microfinance Bank
In a notice to the Nigerian Stock Exchange, (NSE), Fortis Microfinance Bank has announced the appointment of an Interim Management Committee by the Central Bank of Nigeria (CBN) to pilot the affairs of the bank. Members of the…
Dollar extends losses on Fed move, Donald Trump revives trade war fears
The dollar extended losses in Asia on Thursday after the Federal Reserve stuck to its target for interest rate hikes this year, but fresh fears of a trade war hit equity markets as Donald Trump prepared new sanctions on China. After…
This is how much taxes Dangote Cement has paid in the last 5 years
Dangote Cement recently released its 2017 annual report revealing that it made a profit of N204.2 billion compared to N142.8 billion in 2016. The company has often been criticised for “not paying taxes” or perhaps not paying enough…
Access bank profit drops to ₦80 billion in 2017
Access Bank today released its financial statements for the year ended December 2017. Gross Earnings increased from ₦381 billion in 2016 to ₦459 billion in 2017. Profit before tax fell from ₦90 billion in 2016 to ₦80 billion in 2017.…
Aliko Dangote will earn over ₦100 billion in dividends
The first half of the year must be a jolly one for Africa’s richest man going by an estimate of dividends he will earn from his various companies. Dangote Industries Limited (DIL) will earn over ₦100 billion in dividends from the…