Category: Business
Shareholders commend prompt dividend payment by NASCON
Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited have expressed satisfaction at the performance of the company [...]
World Bank loans Katsina, others $500m for girl-child education
The World Bank Board of Directors on Wednesday approved a $500m credit from the International Development Association for the Adolescent Girls Initiat [...]
AFDB independent panel clears Adesina of all allegations
The president of the Africa Development Bank, Akinwunmi Adesina has been exonerated of all whistleblower allegations by the independent review panel l [...]
Stamp duty applies to new agreements not rent renewal
The Federal Inland Revenue Service (FIRS) says the stamp duty charge on rents and leases would only apply to new agreements and not renewals.
Accor [...]
UBA appoints 6 local CEOs in Africa, international positions and group executives
The United Bank for Africa Group (UBA) has announced the appointment of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola, Kingsley Ulinfun and [...]
FG lifts ban on Executive Jets for flouting Covid-19 guidelines
The federal government has lifted the ban placed on Executive Jets Services for flouting COVID-19 guidelines by flying Naira Marley to Abuja for a con [...]
Nigeria exports $81.48bn electricity on credit as blackout persists
Three neighbouring countries bought a total amount of electricity worth $81.48bn from Nigeria in the last two years, even as many households and busin [...]
Dangote Cement makes N162.9 billion profit in 6 months
Africa’s largest cement producer, Dangote Cement plc, has announced a Profit Before Tax (PBT) of N162.90 billion for the six months ended June 30, 202 [...]
FIRS provides further clarification on stamp duty for rent
The Federal Inland Revenue Service, FIRS has clarified that the stamp duty payable on rent or lease agreement for a period below seven years is 0.78 p [...]
FIRS orders tenants, lessees to pay 6% stamp duty
The Federal Inland Revenue Service (FIRS) has asked landlords and property agents to charge six per cent stamp duty on all tenancy and lease agreement [...]