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Day: June 13, 2024

Aiteo-Nembe Dispute Threatens Nigeria’s Oil Production
BusinessLocal

Aiteo-Nembe Dispute Threatens Nigeria’s Oil Production

Nigeria’s daily crude oil production, which currently stands at 1.5 million barrels per day, is at risk of declining due…

byayotilewaJune 13, 2024June 13, 2024
Company Income Tax Reduced By 12% In Q1
BusinessLocal

Company Income Tax Reduced By 12% In Q1

Nigeria’s Company Income Tax (CIT) revenue fell to N984.6 billion in the first quarter of 2024, marking a 12.87 percent…

byayotilewaJune 13, 2024June 13, 2024
South African pay-TV group MultiChoice slides into annual loss
BusinessWorld

South African pay-TV group MultiChoice slides into annual loss

South African pay television company, MultiChoice Group, reported a pre-tax loss of $38 million for the financial year ending March…

byayotilewaJune 13, 2024June 13, 2024
Micro pension records mixed fortune as contributions decline
BusinessLocal

Micro pension records mixed fortune as contributions decline

Despite a rise in the number of contributors to the micro pension fund, informal sector workers are reducing their contributions…

byayotilewaJune 13, 2024June 13, 2024
Sterling Bank partners SPPG for credential verification via blockchain tech
BankingBusiness

Sterling Bank partners SPPG for credential verification via blockchain tech

Sterling Bank has partnered with the School of Politics, Policy, and Governance (SPPG) to transform the verification of academic credentials…

byayotilewaJune 13, 2024June 13, 2024
FG Seeks $500M World Bank Loan for Rural Roads and Agricultural Marketing Development
BankingLocal

FG Seeks $500M World Bank Loan for Rural Roads and Agricultural Marketing Development

The Federal Government of Nigeria is pursuing a $500 million loan from the World Bank to enhance rural roads and…

byayotilewaJune 13, 2024June 13, 2024
Bitwise Predicts AI and Crypto Industries Could Add $20 Trillion to Global GDP by 2030
BusinessTechnology

Bitwise Predicts AI and Crypto Industries Could Add $20 Trillion to Global GDP by 2030

Bitwise Asset Management, a prominent investor in Bitcoin Exchange Traded Funds (ETF), has projected that the combined growth of the…

byayotilewaJune 13, 2024June 13, 2024
We secured about $5.5 billion in bank loans to build Dangote Refinery – Aliko Dangote  
BusinessCommoditiesLocal

We secured about $5.5 billion in bank loans to build Dangote Refinery – Aliko Dangote  

Africa’s richest individual, Aliko Dangote, disclosed that his company secured approximately $5.5 billion in bank loans from domestic banks across…

byayotilewaJune 13, 2024June 13, 2024
Banking sector remains safe, CIBN assures customers
BusinessLocal

Banking sector remains safe, CIBN assures customers

The Chartered Institute of Bankers of Nigeria (CIBN) has reassured bank customers of the stability and security of the Nigerian…

byayotilewaJune 13, 2024June 13, 2024
BankingLocal

16 Directors Exit After Ex-Governor’s Misconduct Probe

Sixteen out of twenty-nine directors at the Central Bank of Nigeria (CBN) have been relieved of their duties, leaving only…

byayotilewaJune 13, 2024June 13, 2024

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