Business

UBA MD, Uzoka May Be Imprisoned As Court Orders His Appearance Over Contempt Charge

UBA MD, Uzoka May Be Imprisoned As Court Orders His Appearance Over Contempt Charge

Business February 1, 2019 at 9:32 am 0 comments

The Federal High Court sitting in Lagos on Thursday has ordered United Bank for Africa (UBA) Plc Group Managing Director Mr Kennedy Uzoka and the Company Secretary/Legal Adviser Samuel Adikamkwu to appear before him.
Justice Saliu Saidu said they should appear before

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FG Generates N808bn From VAT in 9 Months –NBS

FG Generates N808bn From VAT in 9 Months –NBS

Business, News January 4, 2019 at 10:39 am 0 comments

The National Bureau of Statistics (NBS), says the revenue generated from Value Added Tax (VAT) from sectoral distribution from first to third quarters of 2018 was N808 billion.
VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production

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Access Bank Finally Acquires Diamond Bank

Access Bank Finally Acquires Diamond Bank

Business, News December 17, 2018 at 9:25 am 0 comments

Access Bank has finally acquired Diamond Bank.
Insiders told TheCable that the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria, CBN.
The acquisition was midwifed by the CBN in a bid to further consolidate the banking industry.
Diamond

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Business: First Bank ED Lands in Trouble Over Money Laundering Allegation

Business: First Bank ED Lands in Trouble Over Money Laundering Allegation

Business, News December 16, 2018 at 1:28 pm 0 comments

The torrent of trouble appears far from receding for Mr. Lawal Dauda, First Bank’s Executive Director and APC Gubernatorial candidate in Zamfara state for allegedly helping a former Minister of Petroleum Resources, Diezani Allison-Madueke, to conceal a total of $153.3million in 2015.
The Economic and Financial Crimes Commission, EFCC had

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U.S Reveals Greatest Resource of Nigeria

U.S Reveals Greatest Resource of Nigeria

Business, News December 10, 2018 at 8:56 am 0 comments

The United States, U.S Ambassador to Nigeria, Amb. Stuart Symington has said that Nigerians represent the real and sustainable wealth of their country.
He said true leadership must showcase the people.
According to the News Agency of Nigeria, NAN, Symington made the remarks at the African Business Conference Plus 2018

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NCS: Customs 2018 Revenue Hits N1.1trn

NCS: Customs 2018 Revenue Hits N1.1trn

Business, News December 6, 2018 at 5:29 pm 0 comments

The Nigerian Customs Service said on Thursday that it generated N 1. 1 trillion revenue and seized contraband goods worth more than N 40 billion between January and November 2018.
The Public Relations Officer of the service , Deputy Comptroller, Joseph Attah , disclosed this to the News Agency of

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