Business

The Department of State Services (DSS) is investigating an alleged mega economic fraud involving Olam Nigeria Limited, Olam International and their nine subsidiaries to the tune of over $50billion.   Sources revealed that in a chain of round-tripping foreign exchange deals since 2015, the company, through its Special Purpose Vehicles, …

Kamar Bakrin and Fabian Ajogwu new directors of PZ Cussons The Board of Directors of PZ Cussons Nigeria PLC  has appointed  Prof Fabian Ajogwu and Mr Kamar Bakrin as directors. The appointments were made by the board at its meeting held on Monday, 4 September 2023. The appointments are subject …

source: www.informationng.com Nigeria’s trade deficit in the second quarter of 2023 stood at N5.7tn, according to the Foreign Trade Statistics report published by the National Bureau of Statistics on Thursday. In the second quarter of 2023, Nigeria’s total trade stood at N12.7tn while total exports stood at N7tn and total …

Huawei’s Mate 60 Pro Chinese electronics giant Huawei has triggered fresh concerns in the United States after launching its new phone called the Mate 60 Pro. United States officials are concerned about where the company got the chip to power the phone. Analysts believe the chip was made with a …

  The Oyo State Government has sealed off Heritage bank branch in the state over non payment of tax. Newspointer NG reports that the enforcement team of the Ministry of Lands, Housing and Urban Development, led by the Director, Land Use Charge, Esv. Olufisayo Ogunbiyi, during an Enforcement tour around …

. . . Fisheries Cooperative makes demands At the backdrop of significant presence in the African fish output level, the Central Bank of Nigeria, CBN, has indicated that the current local fish production in Nigeria is still inadequate to meet the demands of the domestic consumption. This is also despite …

Minister of Works, David Umahi The Federal Government and leading road construction companies working on several major highways across the country may clash any moment from now following the decision of the government to dump asphalt for concrete technology, findings by The PUNCH have revealed. The new Minister of Works, David …

Nigerians may be in for another tough time as the Nigerian Electricity Regulatory Commission (NERC), on Wednesday, approved an upward review of the price of pre-paid electricity meters in the country. The Commission confirmed the increment in a circular dated 5 September 2023, and signed by its Chairman Sanusi Garba …

L-R The Director of Abuja Trade Centre Ezekwesili Nnam, the Director-General, ACCI, Victoria Akai during a media briefing on the 18th Abuja International Trade Fair The Abuja Chamber of Commerce and Industry is targeting over N1bn in revenue for exhibitors that will attend the 18th Abuja International Trade Fair scheduled …

……Declares interim dividend of 25 kobo Per Share   Lagos, Nigeria, September 3, 2023: Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result. A review of the …