Business

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

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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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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 in respect of a contempt proceedings initiated against

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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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