Business

Dangote Refinery debunked an online media report, which stated that a protester was shot and killed by Policemen while protesting at the Refinery on Tuesday. Group Executive Director, Projects and Portfolio Management, Edwin Devakumar, said nobody was killed during the protest and also that the protesters are not employees of …

Dangote Sugar Refinery (DSR) Plc has recorded a growth in its profit after tax for the nine months ended September 30, 2020, by 81 percent. Details of the results showed that DSR posted revenue of N160.514billion, indicating an increase of 36.6 percent from N117.425 billion in the corresponding period of …

The Federal Government said it earned a total sum of N424.71 billion from Value Added Tax (VAT) in the third quarter of the year (Q3 2020) higher than the N327.20 billion recorded in Q2 as well as the N275.12 billion recorded in Q3 2019. According to the sectoral distribution of …

Dangote led the advancers’ list on Tuesday with its cement product coming first on the gainers’ list of the Nigerian Stock Exchange (NSE). Dangote cement started with ₦160 at the beginning of the day gaining 5.63% at the end of the market with ₦169 per share as market closed with …

Third party businesses can now use the unique logistics network of Africa’s leading ecommerce platform to reach more customers Lagos, Nigeria; November 2nd, 2020: Jumia has announced that its logistics service is now available for use by third parties. Until today, Jumia’s logistics services were reserved for ecommerce and food …

ThisDay newspaper was the most sought after publication for banks, as BusinessDay newspaper was the most sought after publication for insurance companies in terms of placement of adverts in the media. This was evidently evaluated by P+ Measurement Services, Nigeria’s foremost PR Measurement and Evaluation agency.   The report, based …

There appears to be a brewing boardroom bickering at Jaiz Bank Plc over the tenure of the current Managing Director and the appointment of a successor. The two claimants are the current Managing Director, Mallam Hassan Usman and a new candidate, Mr. Mohammed Shaheed Khan, who was appointed by the …

Tunde Fowler The Economic and Financial Crimes Commission (EFCC) is currently grilling Babatunde Fowler, former chairman of the Federal Inland Revenue Service (FIRS), over alleged fraud. This newspaper gathered that Fowler was invited on Monday morning over an ongoing investigation involving Alpha Beta Consulting, a tax firm believed to be …

  Last week will go down as one of the most challenging weeks, if not the most challenging, Nigeria has faced in 2020. What started out weeks before as very well-organised peaceful protests by young Nigerians campaigning to #EndSARS, was supplanted by hoodlums engaging in wanton looting, arson and destruction …

The Federal Government has admonished port terminal operators and shipping companies to adopt the Nigerian Export Proceeds (NXP) number in order to ensure speedy attention to export cargo and smoothen export transaction. The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr. Hassan Bello, stated this when he visited some port terminals …