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The Corporate Affairs Commission (CAC)Â said it had registered 3,098,193 companies and firms in Part A, B and C categories from its inception in 1990 to March 21. The Acting Registrer General of CAC, Mrs Azinge Azuka disclosed this at the commission customers forum in Abuja. Azuka said that in the last three years, the…
March 27, 2019
The Nigerian Stock Exchange (NSE) yesterday, said the Federal Government raised about N1.16 trillion from the capital market to finance fiscal and infrastructural deficits in 2018. Chief Executive Officer, Oscar Onyema, who disclosed this to newsmen during the NSE’s 2018 market recap/2019 outlook in Lagos, said the funds were raised through various bonds including Green…
January 15, 2019
FIRS boss Babatunde Fowler: targets N8 trillion tax in 2019 The Federal Inland Revenue Service, FIRS, re-wrote Nigeria’s collection history in 2018, with a record N5.320 trillion collected in taxes, beating the 2012 record of N5.07 trillion. Tunde Fowler, Executive Chairman, FIRS, who made the announcement in Lagos today at a retreat: “Parliamentary Support for…
January 8, 2019
The acting director-general, National Pension Commission (PENCOM), Mrs Aisha Dahir-Umar, said that the Commission had released framework and guidelines for Micro-Pension Scheme to take off in first quarter of next year. Dahir-Umar, who was represented by Mr Datti Yola, Head of Surveillance Department, PENCOM, said this at the Compliance Officers Forum held in Uyo on…
November 27, 2018
Asks MTN To Refund $8.13bn Illegally Repatriated Fund The Central Bank of Nigeria (CBN) has imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged illegal remittance of foreign exchange to offshore investors of MTN Nigeria Communications Limited. This is even as the CBN has directed MTN to refund…
August 30, 2018
By 'Dotun Akintomide The federal government on Monday said security challenges in the embattled regions of North Central and North East of the country largely contributed to a downward growth in the agriculture sector as seen in the 2018 second quarter GDP report released by National Bureau of Statistics (NBS). Conmenting on the NBS report,…
August 28, 2018
The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measured inflation for July dropped to 11.14 per cent (year-on-year) from 11. 23 per cent recorded in June. The NBS disclosed this in its “CPI and Inflation Report’’ for July released on Wednesday in Abuja. According to the bureau, the figure is…
August 16, 2018
Facebook Inc’s shares lost as much as a quarter of their value on Wednesday after executives said that profit margins would plummet for several years due to the costs of improving privacy safeguards and slowing usage in the biggest advertising markets. The second-quarter results were the first sign that a new European privacy law and…
July 26, 2018
The Muhammadu Buhari administration has concluded arrangements to deploy 300,000 new beneficiaries in the second batch of its N-Power Volunteers Corp. The deployment will be effective from 1st August. With 200,000 beneficiaries currently benefitting from the programme, this means that by August, 500,000 unemployed Nigerian graduates will be beneficiaries of the scheme, which is a…
July 20, 2018
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The Corporate Affairs Commission (CAC)Â said it had registered 3,098,193 companies and firms in Part A, B and C categories from its inception in 1990 to March 21. The Acting Registrer General of CAC, Mrs Azinge Azuka disclosed this at the commission customers forum in Abuja. Azuka said that in the last three years, the…
March 27, 2019
The Nigerian Stock Exchange (NSE) yesterday, said the Federal Government raised about N1.16 trillion from the capital market to finance fiscal and infrastructural deficits in 2018. Chief Executive Officer, Oscar Onyema, who disclosed this to newsmen during the NSE’s 2018 market recap/2019 outlook in Lagos, said the funds were raised through various bonds including Green…
January 15, 2019
FIRS boss Babatunde Fowler: targets N8 trillion tax in 2019 The Federal Inland Revenue Service, FIRS, re-wrote Nigeria’s collection history in 2018, with a record N5.320 trillion collected in taxes, beating the 2012 record of N5.07 trillion. Tunde Fowler, Executive Chairman, FIRS, who made the announcement in Lagos today at a retreat: “Parliamentary Support for…
January 8, 2019
The acting director-general, National Pension Commission (PENCOM), Mrs Aisha Dahir-Umar, said that the Commission had released framework and guidelines for Micro-Pension Scheme to take off in first quarter of next year. Dahir-Umar, who was represented by Mr Datti Yola, Head of Surveillance Department, PENCOM, said this at the Compliance Officers Forum held in Uyo on…
November 27, 2018
Asks MTN To Refund $8.13bn Illegally Repatriated Fund The Central Bank of Nigeria (CBN) has imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged illegal remittance of foreign exchange to offshore investors of MTN Nigeria Communications Limited. This is even as the CBN has directed MTN to refund…
August 30, 2018
By 'Dotun Akintomide The federal government on Monday said security challenges in the embattled regions of North Central and North East of the country largely contributed to a downward growth in the agriculture sector as seen in the 2018 second quarter GDP report released by National Bureau of Statistics (NBS). Conmenting on the NBS report,…
August 28, 2018
The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measured inflation for July dropped to 11.14 per cent (year-on-year) from 11. 23 per cent recorded in June. The NBS disclosed this in its “CPI and Inflation Report’’ for July released on Wednesday in Abuja. According to the bureau, the figure is…
August 16, 2018
Facebook Inc’s shares lost as much as a quarter of their value on Wednesday after executives said that profit margins would plummet for several years due to the costs of improving privacy safeguards and slowing usage in the biggest advertising markets. The second-quarter results were the first sign that a new European privacy law and…
July 26, 2018
The Muhammadu Buhari administration has concluded arrangements to deploy 300,000 new beneficiaries in the second batch of its N-Power Volunteers Corp. The deployment will be effective from 1st August. With 200,000 beneficiaries currently benefitting from the programme, this means that by August, 500,000 unemployed Nigerian graduates will be beneficiaries of the scheme, which is a…
July 20, 2018
