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Business
Banks In Lagos, FCT, Ogun Can Open From Monday – FG
The Presidential Task Force (PTF) on COVID-19 has said bank branches in Lagos, Ogun and the Federal Capital Territory (FCT) will be open to customers from Monday, May 4.
Sani Aliyu, the national coordinator of the task force said…
CBN Lifts Suspension On Cheque Clearing
Central Bank of Nigeria (CBN) has lifted the suspension placed on cheque instruments in the Nigerian clearing system.
This was stated in a circular to banks and Nigeria Interbank Settlement System (NIBSS) issued on Tuesday and signed…
GTBank Releases Q1 2020 Unaudited Results, Reports Profit Before Tax Of N58.2Billion
Guaranty Trust Bank plc has released its unaudited financial results for the period ended March 31, 2020, to the Nigerian and London Stock Exchanges.
A review of the results shows positive performance across all financial…
Coronavirus: Netflix Attains Biggest Three-Month Gain In 13-Year History With 16 Million New…
Netflix has seen a surge in new subscribers during the first three months of 2020 due to lockdowns around the world, leaving people with the need to be entertained.
The firm said almost 16 million people created accounts in the first…
Oil Rises To $28 As President Trump Considers Intervention
The international oil benchmark, Brent crude, halted its losing streak on March 19, trading around $28 per barrel as the United States President, Donald Trump, said he might intervene in the price war between Saudi Arabia and Russia.!-->!-->…
CBN Mandates Banks To Charge Nigerians For Cash Deposit
Central Bank of Nigeria (CBN) Governor, Godwin Emefiele
The Central Bank of Nigeria (CBN) has directed all banks to start collecting charges from Nigerians who make cash deposit of N500,000 and above by April 1, 2020.
It was gathered!-->!-->…
Uber, Bolt And Others, To Pay N10m License Fee, And 10% of Each Trip To Lagos Government As It…
Lagos government has mandated Uber, Taxify and other ride-hailing companies in Lagos state to pay a sum of N10 million naira initial license fee in accordance to the new transportation regulations by the state.
This is coming after the!-->!-->…
Coronavirus: Nigerian Traders In China Town Lament Decline In Sales Following Virus Outbreak
Following the outbreak of Coronavirus in Lagos on February 28, Nigerian traders in China Town, Ojota, Lagos, have complained of a decline in sales.
During a visit by SaharaReporters to the place on February 28, it was discovered that!-->!-->…
CSL Stockbrokers Appointed As New Stockbroker to the Federal Government
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of Nigeria. The appointment of the firm, as announced by the Debt Management Office (DMO) on February 18, 2020,!-->!-->!-->…
Okada Ban: Motorcycle-Hailing Startup, Gokada Lays Off Its Employees
Lagos-based motorcycle-hailing startup, Gokada has reportedly been forced to lay off most of its workforce due to okada ban in Lagos state.
This is coming after the Lagos state government’s decision to ban okada and tricycles in the!-->!-->…
Buhari To Attend UK-Africa Summit In London
President Muhammadu Buhari, will be attending the inaugural UK-Africa Investment Summit in London while embarking on a six-day trip to London on Friday.
President Buhari is to depart Abuja on Friday for the summit which starts on!-->!-->…
$17 Million Fraud Rocks Jumia As Company Battles Several US Lawsuits
Jumia is currently involved in some issues which arenthreatening its corporate existence. The company is facing class-action lawsuits in the United States as a member of its staff engaged in fraud worth $17.5 million and the company’s …
CBN Injects $210 Million In Interbank Forex Market
The Nigerian Inter-bank foreign exchange market received another boost of 210 million dollars from the Central Bank of Nigeria (CBN) after transactions on Tuesday, July 23.Isaac Okorafor, the CBN Director, Corporate Communications…
FIRS Set To Launch New Universal TIN That Will Make It Hard To Avoid Paying Tax
The Chairman of the Joint Tax Board (JTB) and Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has disclosed that the tax agency is set to launch a new Tax Identification Number registration system to boost tax compliance…
Court Orders Shell To Pay $17.9 Million To FIRS
A Federal High Court,in Lagos south west Nigeria, Presided over by Justice Chuka Obiozor, on Friday ordered four multinational Oil companies, namely Shell Nigeria Exploration and Production Company Limited, Esso Exploration and…