BUSINESS
FIRS Tenders Apologies To CAN Over Controversial Easter Message
The Federal Inland Revenue Service (FIRS) has apologised to Christians over its Easter message which has stirred controversy among adherents of the faith. In its Easter message to Christians in Nigeria, the FIRS had shared a flier showing a Point of Sale (PoS) machine with the caption, “Jesus paid your debt, not your taxes”. The message triggered an outpour of condemnation...
NDDC Audit: We’ll Recover Every Missing Fund, Culpable Person’ll Face Law, Buhari Vows
President Muhammadu Buhari Thursday in Abuja said the concluded forensic audit of the Niger Delta Development Commission (NDDC) was being reviewed, with a view to recovering every kobo that is recoverable, while those found culpable will face the law. Speaking at the virtual commissioning of the NDDC Prototype Hostel at the University of Uyo, Akwa Ibom State, the President in...
MTN, Airtel Secure Approval For Payment Service Bank
MTN Nigeria and Airtel Africa have secured approval in principle to operate a payment service bank (PSB). The telecommunications giants disclosed this in regulatory filings on the Nigerian Exchange Limited (NGX) on Friday. They are required to fulfill some conditions for the Central Bank of Nigeria (CBN) to issue them regulatory licenses for commencement of operations.
We’re Experiencing Low Patronage At Filling Stations, Petrol Marketers Cry Out
With the price of a litre of petrol now above ₦1,000 in most filling stations across Nigeria, petrol marketers have lamented low patronage at their retail outlets nationwide. The marketers said they are now cutting their workforce and work shifts because of high pricing and low returns on investment. The National President of the Petroleum Products Retail Outlets Owners Association of...
Inflation Rate Under Buhari Not Highest In Nigerian History — Keyamo
Festus Keyamo, the spokesperson for the presidential campaign council of the All Progressives Congress standard bearer, Asiwaju Bola Tinubu, has said the inflation rate under President Muhammadu Buhari's administration is not the highest in the history of the country. The Senior Advocate of Nigeria, who appeared on Arise TV morning show on Monday, was responding to questions about what Buhari’s...
FG Set To Increase Trade Relations With Iran
The Federal Government has called for deepening of trade relations between Nigeria and the Islamic Republic of Iran as Iran considers direct shipping and flight to Nigeria. The Minister of Foreign Affairs, Chief Geoffrey Onyeama, made the appeal on Thursday during a bilateral meeting with the Iranian Minister of Foreign Affairs, Hossein Amir-Abdollahian. This was disclosed in a statement made available...
Buhari Has Done Well in Job Creation – Festus Keyamo
The Minister of State for labour (state), Festus Keyamo on Sunday, May 31, said the Buhari-led administration has done well in job creation in the last five years. Keyamo said this while appearing on Channels Television “Sunday Politics” programme. Festus Keyamo stated that the effort of the government has gone unnoticed because Nigeria’s population grows faster than the rate of job...
No Condition Regarding Lifting Of Twitter Ban Was Given – FG Makes U-Turn
The Federal Government has stated that no condition was given for the lifting of suspension placed on Twitter’s operations in Nigeria, ABN TV reports. On Monday, Minister of Foreign affairs, Geoffrey Onyeama met with envoys from the UK, US, Ireland, Canada and the European Union to explain the government’s decision on Twitter. It was widely reported that the minister stated...
Nigerian Stock Market Records Significant Dip In Trading Activity
Stock market investors traded 3.214 billion shares worth N76.348 billion in 64,156 transactions on the floor of the Exchange during the week. This compares to 3.794 billion shares valued at N119.394 billion exchanged in 89,636 deals the previous week. As a result, the value of transactions traded on the exchange dropped by 56.4 percent. The market operated for four trading days during...
Binance To Depart Nigerian Market, Ends Services In Local Currency
Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country. The crypto exchange will automatically convert naira balances to USDT from March 8 at 8:00 a.m. UTC but will cease support for NGN deposits after 14:00 UTC today. Withdrawals will become unsupported after March 8 at 6:00 a.m. UTC. Posting on its...
