SEC advises investors on shares, warns against ponzi schemes
SEC said there was need to properly sensitise investors to guide against money loss.
EU fines Google $5 billion for breaching competition rules
The commission accused Google of hindering competition and reinforcing its dominant position among search engines.
Senate to probe $10 billion ‘fraud’ in Nigeria’s oil and gas lease renewal
Senate Committee on Petroleum Resources (Upstream) alleges illegal discounts and rebates are denying government revenue in excess of $10 billion.
Nigerian Customs must adopt new technologies to secure ports — Comptroller-General
Mr Ali explained that Nigerian ports have been ranked poor by major agencies.
Auto Policy: Dangote Sinotruck to begin local trucks production
About 29 of the 54 licensed auto assembly plants are operational.
New cement factory to provide 12,000 jobs — BUA CEO, Rabiu
He said the $350 million factory will also generate 32 megawatts of electricity.
ExxonMobil Lagos headquarters shut by protesting workers
Mobil would provide compensation packages for affected personnel, an official explains.
Intra-African trade: AFREXIMBANK to set-up pan-African payment, settlement platform in 2019
Plans also on for Africa Infrastructure Development Company to undertake massive infrastructure development across Africa.
AfDB partners AFREXIMBANK to support African small, medium businesses
The fund is aimed at upgrading the capacity of up to 20 emerging firms in the continent.
Chevron converts graduate trainees to ‘casual’ workers, triggering standoff
The workers have been “casualised” for over five years.
DStv: Subscribers condemn planned subscription rates’ increment
The company claims it will reduce GoTV subscriptions.
Oando Crisis: London Tribunal asks Tinubu, Boyo to pay Volpi N208 billion
The judgement can be appealed by the businessmen.
How to resolve FAAC, NNPC revenue controversy – Finance Commissioners
FIRS records N90 billion revenue shortfall in May and June.
AFREXIMBANK facilitates $1.4 billion syndicated loans for Dangote, Bank of Industry
The $650 million loan is in favour of the ongoing 600,000 barrels per day capacity Dangote Refinery being built in Lagos.
Nigeria’s economic recovery still challenging – IMF
The IMF released a statement in Washington on Friday.
FIRS six-month revenue increases 42% to N2.5 trillion
The FIRS has already met 75 per cent of its target for 2018.
Telecoms industry pays N450b taxes annually – ATCON chairman
The taxes include corporation and Pay As You Earn
AMCON gets Senate’s backing to publish debtors list
The debtors owe about 80 per cent of AMCON’s N4.8trillion debt obligations.
Naira appreciates marginally against dollar at parallel market
The currency exchanged at N478 and N418 against the Pound Sterling and the Euro, respectively.
Finance Minister, Adeosun, reconstitutes tax appeal tribunals
See full list of tribunal members.
Buhari says he’s a slow reader; ‘set to sign African trade deal’
The president says his slow reading also delayed the signing.