Business

Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) disclosed on Monday, January 05, 2024 that a $2.4 billion scam involving false foreign exchange claims has been unearthed. Governor Cardoso, speaking in a pre-recorded interview on Arise TV, provided insights into the findings of the investigation. The scam has …

Abbey Mortgage Plc has continued to magnify earnings, surmounting inflationary shocks that allocate as the Bank’s lower Non-Performing Loans (NPLs) its risk management strategies. The mortgage firm’s net profit rose by 11.79 percent to N856.26 million in December 2023 from N766.19 million as of December 2022. Interest income spiked by 49.27 percent to N49.27 billion in …

  President of the Republic of Senegal, His Excellency Macky Sall, has described Aliko Dangote, President of Dangote Group, as a blessing to Senegal and Africa as a whole. He lauded the entrepreneurial and philanthropic activities of the frontline businessman and said, the highest civilian award in Senegal, the National …

President/Chief Executive of Dangote Industries Limited, Aliko Dangote has been conferred with the prestigious award of the National Order of the Lion by President Macky Sall of the Republic of Senegal. The National Order of the Lion Award is the highest civilian laurel to be bestowed on any individual in the West …

 British American Tobacco (Nigeria) Limited (BAT Nigeria) is celebrating two decades of its Ibadan factory’s exceptional value delivery to the Nigerian economy, the environment, and the communities it serves. Established in 2003, the Ibadan factory has been a cornerstone of BAT Nigeria’s operations in West and Central Africa, enabling exports …

…Minister lauds Cement Plant’s promotion of best practices   The Federal Government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication to promotion of best practices in all its operations. The commendation came even as …

The recovery in the Nigerian private sector gathered momentum at the start of 2024, with rates of expansion in output and new orders accelerating sharply. Purchasing activity also expanded markedly, but difficulties paying staff meant that the rate of job creation eased, contributing to a rise in backlogs of work. …

Amidst the dynamic economic landscape of the past half year, Parthian Partners Limited has successfully completed the third consecutive coupon payment on its ₦10 billion bond. This unwavering commitment to fulfilling its financial obligations underscores the firm’s deep-rooted values of reliability and excellence. “Navigating rising inflation and economic pressures requires agility …

In view of the recent downtime experienced on the e-tax portal, the Lagos State Internal Revenue Service (LIRS) has extended the filing of employers’ annual tax returns by 1 (one) week starting from February 1 to February 7, 2024. Mr. Ayodele Subair, the Executive Chairman of LIRS, conveyed this in …

The recent attempt by MTN to bully Globacom into paying it a bogus claim of N7.05 billion interconnect fees has left many wondering why the South African firm is courageous enough to pursue such underhand tactics. While MTN had slammed a whopping sum of over N7.05 billion on Globabom, covering …