Business Local Market World Facebook Asks Nigerian Customers To Update Records By Feb 25 February 10, 2022 akintunde Meta, the parent company of Facebook, says Nigerian customers should update their value-added tax (VAT) identification numbers by February 25. The social media giant said this in a statement issued…
Local Oyo seals IBEDC, says DISCO owes N400m February 10, 2022 akintunde Ibadan Electricity Distribution Company Management has said it cut power supply to the Oyo State Secretariat over the issue of its huge indebtedness. IBEDC in a statement on Wednesday said…
Market World PepsiCo, Coke Revenues Surge On Higher Prices, Inflation Casts Shadow February 10, 2022 akintunde PepsiCo Inc and Coca-Cola Co trounced Wall Street estimates for quarterly revenue on Thursday, supported by recent price increases and robust demand but warned of runaway inflation dragging profit growth…
Crypto Local Bitfinex Hack: FBI Nabs Couple Over $4.5 Billion Stolen Crypto February 10, 2022 akintunde The Federal Bureau of Investigation has arrested and charged Ilya Lichtenstein and Heather Morgan with conspiracy to launder stolen cryptocurrency. The couple were arrested for stolen cryptocurrency during the 2016…
Business Market World Coca-Cola Beats Quarterly Revenue Estimates February 10, 2022 akintunde Coca-Cola Co reported quarterly revenue on Thursday that beat analysts’ estimates, helped by higher prices for its soft drinks and on gradual reopening of theaters and restaurants across the world…
Business Local CBN N50 Billion COVID-19 Loan: Nigerians React To NIRSAL’s Call For Repayment February 10, 2022 akintunde The management of NIRSAL Microfinance Bank has requested for the payback of COVID-19 loans secured by many entrepreneurs across Nigeria through the Central Bank of Nigeria’s (CBN) Targeted Credit Facility…
Africa World Uganda To Pay $325 Million As Reparations To Congo February 10, 2022 akintunde The International Court of Justice has ordered Uganda to pay $325 million in compensation to the Democratic Republic of Congo for violating international norms as an occupying force between 1998…
Local Who Wants To Be A Millionaire?: UP, Payattitude, Payarena, Hope PSBank Unveiled As New Sponsors February 10, 2022 akintunde The ace TV game show Who Wants To Be A Millionaire? on Sunday unveiled the new sponsors for Series 2- at an event held at the Federal Palace Hotel, Lagos.…
Investing Local Market Prioritise interest of investors’ — SEC tells capital market operators February 10, 2022 akintunde Director-general of the securities and exchange commission Amid Yuguda says there is a need for capital market operators to prioritise the interest of investors. Yuguda said this during a meeting…
World China Hopes U.S. Will Remove Tariffs, End Sanctions To Create Conditions For Trade February 10, 2022 akintunde China hopes the United States will remove additional tariffs on Chinese goods and end its sanctions and crackdowns as soon as possible to create conditions for trade cooperation, the Ministry…
Local CITN expresses commitment to grow taxation February 10, 2022 akintunde The CITN President Adesina Adedayo has said the institute is committed to expanding taxation in the country. Adedayo said this during the Chartered Institute of Taxation of Nigeria 40th anniversary…
Business Technology World Cristiano Ronaldo Is Now Making £1.7m Per Instagram Post February 10, 2022 akintunde Superstar footballer, Cristiano Ronaldo , with over 400 million followers on Instagram, is now the most followed person on the social media platform. It has now been revealed that he…
Market Opinion World Ukraine Strategist Predicts How Oil Will Hit $120 Per Barrel February 9, 2022 akintunde Oil will “certainly” hit $120 a barrel and the global economy will be “radically altered” if Russia invades Ukraine, veteran strategist David Roche has predicted. Moscow has denied that it…
Local Trade World Elon Musk and Jeff Bezos, each gained $3.5 billion in a day February 9, 2022 akintunde Elon Musk and Jeff Bezos, have seen their wealth jump on the back of strong gains despite concerns that the U.S. Fed would taper the U.S economy amid record inflation.…
Business EndSARS Images insurance Local Nigerian Insurers Association Paid Over #11 Billion For 2020 Loss Claim February 9, 2022 akintunde The Nigerian Insurers Association (NIA) says insurers paid over N11 billion as claims for losses suffered during the 2020 #EndSARS protests. Ganiyu Musa, chairman of NIA, said this on Tuesday…
Africa Business Maxam Ghana Agrees To Pay $1Million Fine Imposed On The Company February 9, 2022 akintunde Maxam Ghana Limited has agreed to pay the US$1 million fine imposed on the company, as well as comply with other measures taken by the Minister of Lands and Natural…
Africa Business Kenya Treasury Drops Plan To Inject Sh1 Billion Into Smes February 9, 2022 akintunde The Treasury has dropped plans to inject Sh1 billion into President Uhuru Kenyatta’s plan to derisk access to credit for small traders. The supplementary budget shows the spending under the…
Breaking Crypto Local United States’ DoJ seizes $3.6 billion worth of Bitcoin from 2016 Bitfinex hack February 9, 2022 akintunde The Department of Justice in the United States announced arrests and seizures of $3.6 billion worth of Bitcoin. The arrest and seizure were from the hackers who stole 119,756 BTC…
Local Telecoms union gives MTN 14-day ultimatum to address workers’ welfare February 9, 2022 akintunde Telecom trade union have issued a 14-day ultimatum to MTN Nigeria Telecommunications to address issues on workers welfare or face industrial action. The Workers association promises to disrupt services nationwide…
Local Subscribers groan as Galaxy Backbone battles portal breakdown February 9, 2022 akintunde Telecommunication subscribers have continued to lament their inability to retrieve lost Subscriber Identity Module or get a new SIM card This is due to a technical glitch in the NIMC’s…
Local Senate confirms NIPSS DG, considers other agencies’ nominees February 9, 2022 akintunde The Senate, on Tuesday, confirmed the nomination of Prof. Ayo Omotayo as director-general of the National Institute for Policy and Strategic Studies, Kuru, Jos, Plateau State. Omotayo’s confirmation followed the…
Local Lagos to examine sustainable job creation strategies February 9, 2022 akintunde Lagos State Employment Trust Fund and Ministry of Economic Planning and Budget have said the second edition of the Lagos employment summit will focus on sustainable job creation strategies. This…
Local Nissan Unveils New Navara Pickup, To Start Assembling In Nigeria February 9, 2022 akintunde Made in Africa Nissan Navara brand has been introduced by Stallion NMN Limited to Nigerian showrooms Stallion NMN Limited plans to start assembling the new Nissan Navara pickup locally from…
Local Auditor-general’s query: Reps panel summons Emefiele, Fashola February 9, 2022 akintunde CBN Governor Godwin Emefiele was summoned by the house of representatives committee on the public account over non-disclosure of recovered funds. The committee also summoned Minister of health Osagie Ehanire,…
Africa Local WFP: 13 million face severe hunger amid worst drought in Ethiopia, Kenya February 9, 2022 akintunde The United Nations World Food Programme says an estimated 13 million people in Kenya, Somalia, and Ethiopia face severe hunger across the Horn of Africa. The UN agency, on Tuesday,…
Investing Local PenCom: Over 48,000 contributors switched PFAs, transferred N172bn in 2021 February 9, 2022 akintunde The National Pension Commission says a total of 48, 543 contributors switched pension fund administrators (PFAs) in 2021, valued at about N171.7 billion. The commission said this in a bulletin…
Africa Banking Business Big Banks Seen Swallowing Smaller Loss-Making Rivals February 9, 2022 akintunde Ratings agency Moody’s says small Kenyan banks suffering losses or facing insolvency are likely to become targets of acquisitions by their larger rivals over the next one-and-a-half years. The ratings…
Business Local Market Arla Foods And Partner Tolaram Group Agree To Build Dairy Farm In Kaduna, Nigeria February 9, 2022 akintunde As part of efforts aimed at boosting local milk production, Arla Foods, makers of Dano Milk, says it has signed an agreement with its joint-venture partner, Tolaram Group, to build…
Business Technology World Chip Shortage: Toyota Cuts Productio February 9, 2022 akintunde Toyota Motor Corp on Wednesday cut its annual production target by half a million more vehicles as a chip shortage and COVID sick leave crimped output. It will build 8.5…
Banking Local Jaiz Bank Posts N4.21bn Profit In 2021 February 9, 2022 akintunde Jaiz Bank Plc has released its unaudited financial results for the period ended December 31, 2021. The results as released to the Nigerian Exchange Group showed a 37.2 per cent…
