Petrol Right Pricing, VAT Hike To Increase Govt Revenue – Dangote
President of Dangote Group, Alhaji Aliko Dangote, on Wednesday said government could not function without tax payment, increase Value Added…
Day: April 8, 2021
Central Bank Nigeria Freezes 11 Bank Accounts
The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to…
Prosus Nets $14.6 Billion From Sale Of Tencent Stake
Amsterdam-based technology investor Prosus NV has netted $14.6 billion from the sale of a 2% stake in Tencent Holdings Ltd,…
MacBook, IPad Production Delayed As Supply Crunch Hits Apple – Nikkei
-Production of some of Apple Inc’s MacBooks and iPads has been postponed due to a global component shortage, the Nikkei…
Uniqlo Owner Posts 23% Jump In HY Profit, Raises Annual Profit Estimate
Japan’s Fast Retailing, the owner of clothing brand Uniqlo, on Thursday reported a 23% jump in half-yearly operating profit and…
Analysis: White House, U.S. Companies Could Agree On 25% Tax Rate, Officials, Business Groups Say
President Joe Biden has championed raising the U.S. corporate tax rate to 28% from 21% as the main way to…
Sterling Sinks To Two-Week Low Vs Euro, One-Week Low Vs Dollar
Sterling sank on Wednesday as profit-taking by traders after a strong first quarter for the British currency pulled it to…
Billionaires List: Dangote, Adenuga, Rabiu’s Wealth Rises By $5.7bn
The combined net worth of three of Nigeria’s richest persons increased by $5.7bn in one year to $22.5bn, according to…
Oil Prices Rise On Stronger Economic Outlook, U.S. Stockpile Draw
Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a…
Nigerian Stock Exchange CEO Oscar Onyema Completes Tenure, To Head NGX Group
Oscar Onyema, the Chief Executive Officer of the Nigerian Stock Exchange has completed his tenure. Onyema, 52, assumed the position…
FG Opens April Savings Bonds
The Federal Government has through the Debt Management Office opened the April savings bond offer to investors. The DMO on…
FMDQ Exchange To Commence Derivatives Trading Soon
FMDQ Securities Exchange Limited yesterday said that the implementation of its derivatives market development project was nearing completion to enable…
China’s March Forex Reserves Fall To $3.17 Trillion
BEIJING – China’s foreign exchange reserves fell more than expected in March, official data showed on Wednesday, as the dollar…
Dollar Hovers Near Two-Week Low After U.S. Yields Slip
The dollar hovered near two-week lows after U.S. bond yields eased from recent highs, while market participants waited for the…
‘Nigeria Can Export $3bn Worth Of Cocoa Derivatives Under AfCFTA’
The federal government has disclosed that by taking advantage of the African Continental Free Trade Area (AfCFTA), Nigeria has the…
AMCON Plans To Operate Arik, NG Eagle Side-By-Side
The state-owned Asset Management Corporation of Nigeria (AMCON) intends to retain Arik Air (W3, Lagos) alongside its new start-up NG Eagle (XGE, Lagos), at least until…
Nigeria Heading For The Brink, Mohammed Warns, Urges Restraint
With growing insecurity across the country, secessionist agitations and ethno-religious crisis, the Minister of Information and Culture, Alhaji Lai Mohammed,…
DPR Revokes Addax Petroleum’s Four Oil Blocks For Non-Performance
The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licences (OMLs) belonging to Addax Petroleum due to the…
Mobile Money: GSMA Tasks Nigeria On Telco-Led Sector
As African countries continue to blaze the trail in world mobile money growth, Sub-Saharan Africa, however has the largest number…