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Action To take Against Illegal Bank Charges- CBN
In response to growing concerns over arbitrary deductions and questionable charges by Nigerian banks, the Central Bank of Nigeria (CBN) has reiterated its stance on protecting consumers.
Mohammed Muazu, Head of the Complaint Management Division in the Consumer Protection Department … Continue Reading
Fidelity Bank 163% Profit Growth, Proposes N27.2 Billion Interim Dividend to Shareholders
Fidelity Bank Plc delivered an outstanding financial performance for the half-year period ending June 30, 2024, reporting a remarkable pre-tax profit of N200.8 billion, representing a 163% year-over-year (YoY) growth from N76.3 billion recorded during the same period in 2023.
… Continue Reading
Nigeria’s Debt Servicing Rises to N6tn, Up 68.8% in H1 2024 — CBN Report
Abuja, Nigeria – Nigeria’s debt servicing costs surged to N6.04 trillion in the first half of 2024, reflecting a significant 68.8% increase compared to the N3.58 trillion spent in the same period last year, according to the latest report from … Continue Reading
Gambling Commission Expands Safer Gambling Advisory Board
The Gambling Commission of Great Britain has further strengthened its efforts to reduce gambling-related harm with the appointment of two new members to its Advisory Board for Safer Gambling (ABSG).
The newly appointed experts, Dr. Virve Marionneau and Dr. Spencer … Continue Reading
Russia Swaps Cash for Citrus: Mandarins Become New Currency Amid Payment Crisis
Chickpeas for Mandarins: How Russia and Pakistan Are Dodging Sanctions with a New Trade Strategy
Russian companies have initiated a barter trade system with Pakistan to navigate challenges posed by Western sanctions, avoiding monetary transactions altogether. This alternative trade method … Continue Reading
New Tax Regulation To Alleviate Burden On Small Businesses And Manufacturers
A move to enhance economic growth and ease the tax burdens affecting small businesses and the manufacturing sector, the Federal Government has unveiled a New Tax Regulation which is “Deduction of Tax at Source (Withholding) Regulations, 2024.”
It was signed … Continue Reading
Oando Emerges as Nigeria’s First Indigenous International Oil Company, Valuation Reaches $4b
Oando’s extensive portfolio includes two power plants, Kwale 1 and 2, with a combined capacity of 500MW.
Lagos, Nigeria — Oando Plc has made history as Nigeria’s first indigenous International Oil Company (IOC) with a valuation of $4 billion, bolstered … Continue Reading
Canada Invites Nigerians, Others for Visa-Sponsored Jobs: A Path to Employment and Residency
Visa-Sponsored Jobs Offer Competitive Pay and Pathway to Permanent Residency in Canada
Canada is opening doors to foreign workers with visa-sponsored opportunities in the egg-packing industry. These roles, which focus on sorting, packaging, and distributing eggs, provide a chance for … Continue Reading
Mega filling station owners offer to deliver fuel to 774 LGs at cheaper rate
Mega Filling Station Owners Seek Stronger Partnership with NNPC to Boost Petroleum Product Availability
The Association of Mega Filling Station Owners of Nigeria (AMFSON) has called for a stronger collaboration between the association and the management of the … Continue Reading
FG to Distribute 2,000 CNG-Powered Tricycles to Youths Nationwide From October 1st
Empowering Youth and Promoting Sustainable Mobility: FG’s CNG Initiative Targets Transportation Challenges Nationwide
The Federal Government of Nigeria is set to kick off the distribution of 2,000 compressed natural gas (CNG)-powered tricycles to youths in the transportation sector starting October … Continue Reading