The Debt Management Office (DMO) on Monday announced the listing of two FGN savings bonds for subscription for the month of July. It stated that the first is a two-year savings bond due on June 15, 2024, at an interest rate of 8.2 per cent per annum. The second...
BUSINESS
By MBAFAN ADE, Abuja – The filing of Companies Income Tax Returns for the 2022 Year of Assessment, due on 30th June 2022, has been extended to 31st August 2022, for companies who were unable to meet up with the deadline as at the end of June, 2022. The...
Accuses States of being ill-advised, beggarly and lazy By JOY ADARA, Abuja – The powers of the Federal Inland Revenue Service, (FIRS) to recover unremitted taxes deducted by States and Local Governments are well in order, and accords with the country’s fiscal laws. The Global Economic Policy Initiative (GEPiN),...
The FinTech Association of Nigeria says Financial Technology (FinTech) operators accounted for 63 per cent of the 1.37 billion dollars funding raised in Nigeria in 2021. President of the association, Mr Ade Bajomo said this on Saturday in Lekki, Lagos, at a dinner held at the FinTech Platinum Awards...
MTN Nigeria has appointed Onyinye Ikenna-Emeka as General Manager for its Fixed Broadband Business. Onyinye is a business leader with over 23 years of experience in the telecommunications, logistics and education sectors. Her expertise includes sales, marketing and customer management, conceptualising go-to-market models and nurturing new products into mature...
In furtherance of its role in promoting female entrepreneurship across the country, Nigeria’s premier banking institution and leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the launch of the FirstGem fund (FirstGem loan); a single-digit loan scheme, exclusively designed to put women at an advantage...
The African Export-Import Bank (Afreximbank) has announced that Algeria has joined the bank as its 52nd Member State. This is contained in a statement by the bank’s Media Contact, Mr Amadou Sall, in Abuja on Friday. Afreximbank member states rose from 38 in 2015 to 51 in 2021, with...
The Minister of State for Transportation, Sen. Gbemisola Saraki, says the Onitsha river port is positioned to generate over N23billion to the Federal Government in 30 years. Saraki, during the signing of the concession of the port on Thursday in Abuja, said the port had lots of economic benefits...
Sterling Bank was on Thursday named Best Participating Financial Institution for 2021 at the Agriculture Credit Guarantee Scheme Fund (ACGSF). The ACGSF, in an event in Abuja, also rewarded three Agriculture entrepreneurs who took loans and repaid under the scheme. According to the ACGSF board, the participation of Sterling...
By TOM CHIAHEMEN, Abuja – As the Armed Forces of Nigeria in collaboration with other security agencies intensify the fight against oil thieves and illegal oil refining in the country, a total of 3,074,000 litres of Automotive Gas Oil, and 3,810,000 litres of crude oil, were discovered in the...
As a sign of commitment to promptly honour its debts obligations always, Nigeria has redeemed its 300 million dollars diaspora bond which matured on June 27. This is according to a statement by the Debt Management Office (DMO) on its website on Tuesday. The DMO said that the diaspora...
MTN Group has released the second instalment of its refresh brand, tagged the ‘Voice’ brand film, inspiring everyone that their voice mattered. The brand highlighted how a simple ingredient of life, such as voice, could impact and change the way people saw the world, and inspired progress. The Group...
It is regrettable that Nigeria’s petroleum refineries are not working and the possibility of introducing subsidies on Automotive Gas Oil, also known as diesel, is unlikely, the Federal Government has said. The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, who made this...
The Federal Government’s agenda to transform the country to a robust digital economy, became the focal point in the message of the Honourable Minister of Communications and Digital Economy, Prof. Isa Ibrahim Pantami, who was the special guest at the weekend commissioning of a ‘Digital Nigeria Centre’ at the...
Alhaji Lamido Yuguda, the Director-General, Security and Exchange Commission (SEC), says the commission is working to ensure it reduces the level of unclaimed dividends to zero per cent. In an interactive session with editors on Tuesday in Lagos, Yuguda said that unclaimed dividends rose to N180 billion as at...
By SADIQ ABUBAKAR, Maiduguri – The Group Managing Director of NNPC, Alhaji Meleh Kyari has said the new 50 mega watts Gas Power Plant under construction in Maiduguri will be completed by November 2022. Kyari stated this yesterday during an inspection tour at the site of the new 50MW...
The Reserve Bank of Zimbabwe (RBZ) on Monday announced the introduction of gold coins into the market as a store of value. In a statement following a meeting of the bank’s Monetary Policy Committee (MPC) on June 24, RBZ Governor, John Mangudya, also announced some measures meant to curb...
Office property investment is not just an investment you can barge into without putting some factors into consideration. Things have been changing rapidly which has created a different dynamic of how things work. Few years back, it was easy to get away with mistakes made from investment. But, in...
By HARUNA AHMED, Gombe – Jaiz Bank Plc has organised an interactive session with religious leaders and scholars drawn from Gombe, Bauch, Yola, Jos and Yobe to enlighten them on the operations of Islamic Banking and Finance. Speaking at the event during the weekend in Gombe, The Managing Director...
First Bank of Nigeria Ltd. has announced the launch of the FirstGem fund (FirstGem loan) a single-digit loan scheme, targeted at female entrepreneurs. Mrs Folake Ani-Mumuney, the bank’s Group Head, Marketing and Corporate Communications, made the announcement in a statement on Sunday in Lagos. Ani-Mumuney said that the scheme...