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Business
Banks, insurance firms to rake in N22.6bn from MDAs
Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6bn in bank charges and insurance premiums from Ministries, Departments and Agencies of the Federal Government in 2022.
This was according to an…
Komolafe Has Extensive Industry Experience for New Task at Upstream Commission, Says Expert
With over many years of leadership at various levels of the oil and gas industry as well as the possession of three degrees in three different fields of academic research, the new Chief Executive Officer the Upstream Petroleum Commission,…
Cryptocurrency: Judge proposes regulations, condemns ban
Justice Alaba Omolaye-Ajileye of the Kogi State High Court has decried the absence of a legislative framework to regulate electronic transactions in Nigeria.
The justice said while the rest of the world were enacting laws to…
Buhari signs N983bn 2021 Supplementary Appropriation Bill into law
President Muhammadu Buhari on Monday signed the 2021 Supplementary Appropriation Bill into law.
The Senior Special Assistant to the President of the National Assembly (House of Representatives), Umar El-yakub, revealed this while…
FG moves to freeze Multichoice bank accounts over N1.8trn tax fraud
The Federal Inland Revenue Service has appointed some commercial banks to recover the sum of N1.8tn from Messrs MultiChoice Nigeria Limited and MultiChoice Africa.
A statement signed by the Executive Chairman of the FIRS,…
Lagos, Yobe, Zamfara, 12 other states’ debts jump to N1.68tn
The cumulative domestic debts of Lagos and 14 others rose by 153.82 per cent between December 31, 2015 and March 31, 2021, analysis of data obtained from the Debt Management Office has shown.
Each of the states in question…
Available power generation capacity plunges by 3,000MW – Gencos
Power generation companies on Wednesday declared that the country’s available electricity capacity had dropped by about 3,000 megawatts.
Executive Secretary, Association of Power Generation Companies, Dr Joy Ogaji, said the…
ECOWAS Parliament Cautions Against Cryptocurrencies
The meeting of the Joint Committee of the ECOWAS Parliament holding in Ouagadougou, Burkina Faso has cautioned against the use of cryptocurrencies as a mean of exchange and commerce.
The joint committee meeting on Wednesday,…
French Business Leaders, Prominent Nigerian Businessmen meet at France Business Summit
France-Nigeria Business Council will be meeting on the sidelines of the 4th Choose France International Business Summit, which commenced yesterday in Versailles, France.
It will be bringing together around 15 French business…
Herbert Wigwe is African Banker of the Year for the second time, consecutively
The Group Managing Director/CEO of Access Bank PLC Herbert Wigwe has been recognised as the African Banker of the Year at the 2021 edition of the African Banker Awards.
A winner of one of the most prized categories at the…