Business

Mary Uduk, Acting Director-General of SEC 1

SEC advises investors on shares, warns against ponzi schemes

SEC said there was need to properly sensitise investors to guide against money loss.

Google Headquarters [Photo Credit: Android Headlines]

EU fines Google $5 billion for breaching competition rules

The commission accused Google of hindering competition and reinforcing its dominant position among search engines.

Nigerian Senate Chambers

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.

Comptroller-General of Nigeria Customs, Hameed Ali

Nigerian Customs must adopt new technologies to secure ports — Comptroller-General

Mr Ali explained that Nigerian ports have been ranked poor by major agencies.

Minister of Trade and Investment, Okechukwu Enelamah

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.

Mobil

ExxonMobil Lagos headquarters shut by protesting workers

Mobil would provide compensation packages for affected personnel, an official explains.

A Nestle factory

Nestle MD appointed vice president of NECA

Mauricio Alarcon has been involved in the direction of the association for the past one year.

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.

Akinwunmi Adesina

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.

Nigeria Stock Exchange (NSE)

NSE: Indicators resume with 0.34% loss

The market capitalisation shed N46 billion to close at N13.499 trillion compared to N13.545 trillion posted on Friday.

DStv: Subscribers condemn planned subscription rates’ increment

The company claims it will reduce GoTV subscriptions.

Nigerian oil company, Oando. [Photo credit: Guardian Newspaper]

Oando Crisis: London Tribunal asks Tinubu, Boyo to pay Volpi N208 billion

The judgement can be appealed by the businessmen.

Pic.4. FAAC meeting concluded in Abuja, FG, States, LGs share N647.39bn

How to resolve FAAC, NNPC revenue controversy – Finance Commissioners

FIRS records N90 billion revenue shortfall in May and June.

Minister of Finance, Mrs. Kemi Adeosun (left); President of Dangote Group, Alhaji Aliko Dangote and President of African Development Bank (AFDB), Dr. Akinwunmi Adesina, during the opening ceremony and Annual General Meeting of Afreximbank in Abuja on Saturday, 14th July, 2018.

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.

International Monetary Fund (IMF)

Nigeria’s economic recovery still challenging – IMF

The IMF released a statement in Washington on Friday.

Babatunde Fowler, FIRS Chairman

FIRS generates N2.5 trillion in 6 months

A breakdown of the figure shows that the Service has realised 75 per cent of its total target for 2018.

Revenue House, Abuja [Photo: Legal Forms]

FIRS six-month revenue increases 42% to N2.5 trillion

The FIRS has already met 75 per cent of its target for 2018.

NCC Headquarters used to illustrate the story.

Telecoms industry pays N450b taxes annually – ATCON chairman

The taxes include corporation and Pay As You Earn

Nigerian Senate

AMCON gets Senate’s backing to publish debtors list

The debtors owe about 80 per cent of AMCON’s N4.8trillion debt obligations.

Waziri Adio

Nigeria ‘confident ahead second EITI assessment’

The exercise kicks off on Monday.

Naira notes

Naira appreciates marginally against dollar at parallel market

The currency exchanged at N478 and N418 against the Pound Sterling and the Euro, respectively.

Minister of Finance, Kemi Adeosun (Photo Credit: adelove.com)

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.