Business Archives - Page 51 of 56

At United Nations ECOSOC, Nigeria Renews Call For Fair International Tax Practices

NewsDeskNgApr 2, 2023April 2, 20230

Muhammad Nami, Executive Chairman FIRS, at the 2023 ECOSOC Special Meeting on International Cooperation in Tax Matters at the United Nations Headquarters, New York, United States (March 31st, 2023). Nigeria has, again called on the United Nations and the International Tax Community to forge an inclusive, equitable, fair and universally...

First Bank MD, Nnamdi Okonkwo three others to face forgery charges, criminal breach of trust

NewsDeskNgMar 31, 2023May 4, 20230

THE Federal Ministry of Justice has charged First Bank of Nigeria Limited, its managing director, Nnamdi Okonkwo and three other individuals with forgery. The charge sheet, CR/266/2023, filed before the High Court of the Federal Capital Territory in Abuja, also names two lawyers, Muftau Ande and Dibiaezue Chuks, as well...

Dangote Cement donates N5m to FRCN’s public enlightenment, education drive

NewsDeskNgMar 30, 2023March 30, 20230

The Dangote Cement Plant Plc on Wednesday donated N5 million to Federal Radio Corporation of Nigeria (FRCN), Kogi Prime FM Station, towards educating and enlightening the public on daily activities in Nigeria. Mr Jaiprakas Gungune, the Plant Director of the company, presented a Cheque of N5 million to the corporation...

“Nigeria College of Taxation and Fiscal Studies” Bill Passes Second Reading

NewsDeskNgMar 27, 2023March 27, 20230

A bill for an Act to establish the Nigeria College of Taxation and Fiscal Studies passed its Second Reading last week at the Senate. The presentation of the Bill was made by Senator Abdullahi Aliyu Sabi CON on the floor of the Senate Tuesday last week, where he noted that...

Anambra State Government Partners EEDC On Steady Power Supply

NewsDeskNgMar 25, 2023March 25, 20230

Government of Anambra State has entered into partnership with Enugu State Electricity Company, EEDC for the development of mechanisms to ensure steady power supply across the state. An MOU signing ceremony between both parties was performed at the EXCO Chambers, Government House, Awka. While Governor Chukwuma Soludo and the Commissioner...

Cloud economics for enterprises

NewsDeskNgMar 24, 2023March 24, 20230

Key considerations to derive optimal value from cloud When looking at cloud economics for enterprises, it is important to determine whether the cloud spend within the organisation is optimal today and will continue to be so tomorrow. According to Jon Tullett, Associate Research Director, IT Services & Cloud, at IDC sub-Saharan...

Naira falls to dollar, exchanges at N461.67

NewsDeskNgMar 24, 2023March 24, 20230

The Naira on Thursday depreciated against the dollar at the investors’ and exporters’ window, exchanging at N461.67. The rate represented a decrease of 0.04 per cent compared to the N461.50 for which it exchanged to the dollar on Wednesday. The open indicative rate closed at N461.25 to the dollar on...

Nigeria Air Will Fly Before May 29 – FG

NewsDeskNgMar 24, 2023March 24, 20230

In spite of lingering court case, the Federal Government has insisted the National Carrier, Nigeria Air, will take to the sky before May 29, 2023. Minister of Aviation, Sen. Hadi Sirika, gave the assurances during the National Aviation Stakeholders Forum 2023, on Thursday. He said the Federal Government is taking...

CBN increases Monetary Policy Rate to 18%

NewsDeskNgMar 21, 2023March 21, 20230

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has increased the Monetary Policy Rate (MPR) to 18 per cent from 17.5 per cent. The CBN Governor, Mr Godwin Emefiele said this on Tuesday when he read the communique issued at the end of the 290th meeting...

Dangote Makes N460bn In A Day, Overtakes Four On Billionaires’ List

NewsDeskNgMar 20, 2023March 20, 20230

Nigerian business tycoon, Aliko Dangote, overtook two Russians, one Chinese and an Indian on the billionaires’ list on Monday, after making N460bn in a day. The Chief Executive Officer of Dangote Group made the profit following increased demand for Dangote Cement, beating his fellow billionaires by earning about $100 million....