News Reports

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.

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.

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.

NCC Headquarters used to illustrate the story.

Telecoms industry pays N450b taxes annually – ATCON chairman

The taxes include corporation and Pay As You Earn

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.

African Development Bank

AfDB pledges to assist Nigeria bridge infrastructure financing gap

Nigeria’s cumulative infrastructure financing needs projected to reach $3 trillion by 2044.

Lagos Business School [Photo: Hotels.ng]

Economist Magazine ranks Lagos Business School among World’s 50 top business institutions

The school says the ranking will add economic values for it as well as investments opportunities for the country.

MTN

MTN Nigeria yet to file application for initial offer, says SEC

MTN controls 40.7 per cent of the total market share with about 65.2 million subscribers.

NNPC pipeline explodes

The police said personnel have been deployed to the scene.

Murtala Muhammed International Airport, Lagos

Nigeria’s new national airline to commence operation this year – Minister

The proposed airline will gulp $8.8 million preliminary cost and $300 million as take-off cost.

The UN health agency warned that tobacco’s killer toxins also wreak havoc on the environment. [Photo: ITV.com]

Labour criticises new tariffs on cigarette, alcohol, tobacco

The union wants immediate suspension of the policy.

NNPC Truck used to illustrate the story. [Photo credit: NGeopolis]

NNPC Retail embarks on nationwide audit

An official says the audit would help instill lasting sanity in the petroleum products haulage space across the country.

Skye Bank

CBN renews mandate of Skye Bank’s board of directors

The board was appointed in July 2016