Business

Nigerians lose millions of dollars to cryptocurrency firm

Nigerians lose millions of dollars to cryptocurrency firm

Business April 7, 2019 at 12:55 pm 0 comments

A cryptocurrency firm, Paxful Incorporated , has been accused of defrauding thousands of Nigerians of millions of dollars earned from online trade in digital currencies .
The Estonia- based company allegedly suspended the accounts of its Nigerian subscribers , thereby denying them

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American David Malpass named World Bank president

American David Malpass named World Bank president

Business April 5, 2019 at 10:10 pm 0 comments

David Malpass , a senior US Treasury official in President Donald Trump ’s administration , was unanimously chosen Friday as the next president of the World Bank .
The selection of Malpass by the bank ’s board of directors followed an “open , transparent ” nomination process in which citizens

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Dangote Reveals Why Northern States May Remain Poor

Dangote Reveals Why Northern States May Remain Poor

Business April 4, 2019 at 3:34 pm 0 comments

Aliko Dangote, renowned entrepreneur and Africa’s richest man, says northern Nigerian states would remain poor despite the agricultural strength in the states, because they fail to harness the benefit of investing through partnering with private companies.
Dangote, who is a native of Kano State, said the states within the region

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Dangote Emerges 64th Richest Man in the World

Dangote Emerges 64th Richest Man in the World

Business February 28, 2019 at 9:58 am 0 comments

Billionaire businessman, Alhaji Aliko Dangote, has significantly moved up in the world billionaires’ list, as he emerged 64th richest person in the world.
Bloomberg, in its annual list of wealthiest people, noted that Dangote now has an estimated networth of $16.6billion and has risen from his previous ranking of 103rd.
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FIRS Targets 40,000 Millionaire Tax Defaulters

FIRS Targets 40,000 Millionaire Tax Defaulters

Business February 8, 2019 at 11:32 am 0 comments

The Federal Inland Revenue Service (FIRS) has sought collaboration with the Nigeria Police Force to go after tax defaulters in 2019.
Babatunde Fowler, the Executive Chairman of FIRS, said this when he hosted the acting Inspector General of Police, Mohammed Adamu, at the FIRS headquarters, on Thursday.
According to a

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NAHCO Invests N3.6b in Equipment, Woos New Investors

NAHCO Invests N3.6b in Equipment, Woos New Investors

Business February 7, 2019 at 10:25 am 0 comments

The Nigerian Aviation Handling Company Plc. (NAHCO Aviance), has wooed members of the public to its investment opportunities and growth targets initiated by the new management.
The aviation ground handling company said with the investment of N3.6 billion in new equipment to boost operations, her shareholders stand a chance of

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