Business

US Shut Down $1.2 Billion Criminal Internet Website

US Shut Down $1.2 Billion Criminal Internet Website

Business, Foreign October 3, 2013 at 7:42 am 0 comments

Federal authorities have shut down what they called the “most sophisticated and extensive criminal marketplace on the Internet today,” an underground operation responsible for distributing illegal drugs and other black market goods and services.
The site’s alleged owner, Ross William Ulbricht,

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Cashless Policy Has Helped Improve Our IGR- OGSG

Cashless Policy Has Helped Improve Our IGR- OGSG

Business October 3, 2013 at 7:39 am 0 comments

The cashless policy adopted by the Ogun State Government has been yielding positive results as the Internally Generated Revenue from higher institutions in the State has increased by over 198%.
Permanent Secretary, Ministry of Finance, Mrs. Ajibola Chokor disclosed this today in Abeokuta while addressing members of the

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No More Dollar Payments For Western Union And Money Gram Customers ~ CBN

Business September 27, 2013 at 9:24 pm 0 comments

By Lanre Oguntoyinbo

The Central Bank of Nigeria (CBN) says it has suspended its Wholesale Dutch Auctions (WDAS) to check money laundering in the foreign exchange market.

A circular by CBN to Bureau De Change (BDC) operators on Friday said that the twice-weekly wholesale foreign exchange auction had

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Lagos Offers Waiver On Import And Export Licenses For Lekki Free Zone Investors

Lagos Offers Waiver On Import And Export Licenses For Lekki Free Zone Investors

Business September 27, 2013 at 7:40 am 0 comments

The Lagos State Government has said that it has concluded plans to offer a number of policies and incentives such as complete tax holidays from all federal, State and Local government taxes, rates, customs duties and levies to all investors patronizing the Lekki Free Trade.
The waiver, according to

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BlackBerry Agrees To $4.7 Billion Buyout, As It Layoff 40% Of Workforce

BlackBerry Agrees To $4.7 Billion Buyout, As It Layoff 40% Of Workforce

Business, News September 24, 2013 at 8:41 am 0 comments

BlackBerry announced Monday it agreed to a $4.7 billion buyout by a consortium of investors who plan to take the struggling Canadian smartphone maker private.
The company said in a statement in Ottawa that it has “signed a letter of intent agreement under which a consortium to be

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Edwin Ekene Uhara: Does High GDP Translate To Better Living Standard?

Edwin Ekene Uhara: Does High GDP Translate To Better Living Standard?

Business, Opinions August 14, 2013 at 4:53 pm 0 comments

Gross Domestic Product (GDP) is the total market value of all final goods and services produced in a country in a given year. GDP is the world’s most popular market indicator! That China is the second largest economy in the world does not mean that of

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