Court Stops Sale Of Shoprite Malls, Other Assets In Nigeria
A FEDERAL Capital Territory, FCT, High Court has restrained a South African company, Novare and its subsidiaries, from selling off their assets in.
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CBN Warns Against Panic Withdrawals, Says Old Notes Remain Legal Tender
THE Central Bank of Nigeria (CBN) has again assured Nigerians of sufficient naira notes in the country, and warned against panic withdrawals. The.
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Over $700m Still Trapped In Nigeria, Foreign Airlines Insist
FOREIGN airlines have disclosed that about 90 per cent of their $783m trapped funds have not been unpaid. The airlines stated this during.
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Dangote Creates 30 Entrepreneurs In Kogi
THE Dangote Cement Plc has announced the creation of 30 new entrepreneurs who are expected to help bolster food production and ginger the.
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Forex: Dangote Repatriates $687,977m From Pan-African Operations
MANAGEMENT of Dangote Industries Limited (DIL), have revealed that the company has so far repatriated over USD576,008,672.41 through various banks in Nigeria, in.
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Billionaires’ War: Dangote, Abdulsamad Renew Rivalry, Trade Words
TWO years after Abdullahi Ganduje, then governor of Kano State and current national chairman of the All Progressives Congress (APC), brokered truce between.
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We Have Sufficient Stock Of Naira Notes – CBN
THE Central Bank of Nigeria (CBN) has said that it has enough volume of banknotes to go around against backdrop of the approaching.
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Senate Approves Adedeji’s Nomination As FIRS Chairman
THE Senate on Tuesday approved the nomination of Mr Zak Adedeji as Chairman of the Federal Inland Revenue Service (FIRS). Appearing at the.
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CBN Denies Alleged Plan To Redenominate Naira
THE Central Bank of Nigeria (CBN) has denied a report suggesting that it plans to redenominate the country’s legal tender, the Naira, with.
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Dangote Cement Bags Best ‘Contributing Employer Award’
THE Industrial Training Fund (ITF) has named the Dangote Cement Plc as the best Contributing Employer for the year 2022 in Kogi State..
Business
Banks Record 117% Increase In Customers’ Complaints From 3,156,704 In 2022 To 6,865,217 In 2023
THE complaints of customers to five banks rose by 117 per cent to 6,865,217 year-on-year as of June 2023 from 3,156,704 complaints as.
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Dangote Cement Denies N2,500/Bag Sales Promo
THE management of Dangote Cement Plc has denied reports, in some online platforms, that it has embarked on sales promotion and has further.
Business
E-Banking Fees: GTBank, UBA, Seven Other Banks Take N154bn From Customers In Six Months
CUSTOMERS of nine leading commercial banks paid N154 billion fee for using electronic banking services in the first half of the year (H1’23)..
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‘Pay Your N300bn Debt, Recover Your Airline’, AMCON Tells Arik Air Owner
THE Assets Management Corporation of Nigeria (AMCON) has advised the Chairman of Arik Air, Johnson Arumemi-Ikide, to present a reasonable debt recovery plan.
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Nigeria Generated N1.49trn From VAT In Six Months – NBS
A NEW data released by the National Bureau of Statistics (NBS) showed that Nigeria generated N1.49 trillion as the aggregate revenue from Value-Added.
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FG Makes N2tn Taxes From Google, Netflix, Others – Report
GOOGLE, Netflix, Facebook and other foreign companies operating in Nigeria have paid over N1.98tn in taxes to the account of the Federal Government.
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After Two Years, CBN Lifts Ban On Forex Sale By BDCs, Unveils Fresh Guidelines
THE Central Bank of Nigeria (CBN) on Friday lifted ban and unveiled a series of fresh operational guidelines for forex sales by Bureau.
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Jaiz Bank Appoints Ahmed Hassan As New Managing Director/CEO
JAIZ Bank Plc has appointed Ahmed Alhaji Hassan as the acting Managing Director and Chief Executive Officer. Hassan’s appointment by the bank followed.
Business
Court Stops First Bank Tuesday’s AGM Over Shareholders’ Petition
THE Federal High Court sitting in Lagos has granted an interim order restraining FBN Holdings Plc from holding its Annual General Meeting (AGM).
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Reports Show CBN Owes JP Morgan, Goldman Sachs, FX Forwards $13.8 Billion
THE audited financial statement of the Central Bank of Nigeria (CBN) has shown that it owes JP Morgan and Goldman Sachs a combined.