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.
Chevron converts graduate trainees to ‘casual’ workers, triggering standoff
The workers have been “casualised” for over five years.
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.
Telecoms industry pays N450b taxes annually – ATCON chairman
The taxes include corporation and Pay As You Earn
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.
AfDB pledges to assist Nigeria bridge infrastructure financing gap
Nigeria’s cumulative infrastructure financing needs projected to reach $3 trillion by 2044.
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 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.
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.
Labour criticises new tariffs on cigarette, alcohol, tobacco
The union wants immediate suspension of the policy.
CBN renews mandate of Skye Bank’s board of directors
The board was appointed in July 2016