Posts in Business

NIGERIAN STATES' VAT CONTRIBUTION AND WHAT THEY GET

Posted on: 24th Jan. 2025 at 11:02AM
What states contributed to the VAT pool and what they received in 2024 1. LAGOS Contributed: N2.75trn Received: N460.11bn (16.74%) 2. RIVERS Contributed: N832.69bn Received: N186.66bn (22.4%) 3. OYO Contributed:…

UNDERSTANDING THE DISTINCTION: DEED OF LEASE VS. DEED OF AGREEMENT

Posted on: 27th Oct. 2024 at 10:49AM
By Bukunolami Oluwa Recognize that these two documents serve unique purposes. To determine which document suits your needs, consider the following: Deed of lease is for temporary possession (Rental) while…

NIGERIA CUSTOMS SEIZES N71.7 MILLION WORTH OF GOODS FROM SMUGGLERS IN ADAMAWA AND TARABA

Posted on: 25th Oct. 2024 at 9:30PM
Written By Gbemisola Onigbanjo The Nigeria Customs Service (NCS) Adamawa/Taraba Area Command has intercepted goods worth N71.7 million in an anti-smuggling operation between August and September. The Command’s Area Comptroller,…

MTN NIGERIA UNVEILS 5G-POWERED DIGITAL EXPERIENCE CENTER IN ABUJA

Posted on: 25th Oct. 2024 at 9:19PM
By Gbemisola Onigbanjo South African telecommunications giant, MTN Nigeria, has launched its first Fifth Generation (5G) powered Digital Experience Center at its Zonal Office in Maitama, Abuja. The unveiling event…

LAWYERS IN ENERGY NETWORK TO HOLD ANNUAL RETREAT IN LAGOS

Posted on: 23rd Oct. 2024 at 6:27AM
By Gbemisola Onigbanjo The Lawyers in Energy Network will host its annual retreat in Lagos on Thursday and Friday. Themed “Analysing the Effects of the Presidential Policy Directives on the…

PETROAN URGES NNPC TO DISCLOSE DANGOTE REFINERY'S PETROL PRICE AMID PUBLIC CONCERNS

Posted on: 10th Oct. 2024 at 8:04PM
By Gbemisola Onigbanjo The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Nigerian National Petroleum Company Limited (NNPCL) to disclose the exact price of Premium…

LOTUS BANK SPONSORS NIMSA GAMES, OPENS NEW LEKKI BRANCH

Posted on: 9th Oct. 2024 at 7:14AM
Written by Gbemisola Onigbanjo Lotus Bank, one of Nigeria's non-interest financial institutions, has officially announced its sponsorship of the Nigerian Medical Students Association (NIMSA) Games, set to begin on October…

MINISTRY OF AVIATION TO COLLABORATE WITH ICRC ON INSFRASTRUCTURE DEVELOPMENT

Posted on: 9th Oct. 2024 at 7:04AM
The Ministry of Aviation and Aerospace Development has expressed its readiness to partner with the Infrastructure Concession Regulatory Commission (ICRC) in an effort to enhance Nigeria’s infrastructure development through Public…

HOW TO CHECK IF YOUR SHOCKS OR STRUTS ARE DUE FOR REPLACEMENT - CAR EXPERTS

Posted on: 27th Sep. 2024 at 2:33PM
- Vehicle bouncing: Pay attention to how your vehicle responds when driving over bumps or uneven surfaces. Excessive bouncing or a "floating" feeling may indicate worn-out shocks or struts. -…

BLORD: HIS BILLIONAIRE IGBO BROTHER PETITIONED AGAINST HIM - VERYDARKMAN

Posted on: 18th Jul. 2024 at 2:39PM
"Truly, I am praying for BLord ,whom he refers as certain billionaires to come out from this. "I know everyone thinks that I am the one who is holding him…

JASMINE EMPIRE SPEAKS OUT ON HOW THE MANAGEMENT OF CHEVY VIEW ESTATE IS FRUSTRATING HER BUSINESS

Posted on: 3rd Jul. 2024 at 1:22AM
With how terrible business and economy have been in Nigeria when enterprises are wobbling and struggling to stay afloat, Chevy View Estate is allegedly frustrating the business of some individuals…

THE NEW ZENITH BANK CEO, DR ADAORA UMEOJI

Posted on: 19th Mar. 2024 at 8:57PM
It seems it is no longer a man’s world. Women are taking over critical sectors of the economy and the corporate world. On Tuesday, Zenith Bank Plc announced the appointment…

FG SEALS SAHAD STORE IN ABUJA FOR ALLEGED PRICE FIXING

Posted on: 16th Feb. 2024 at 1:55PM
The Federal Government, through its agency, Federal Competition and Consumer Protection Commission (FCCPC) has sealed off Sahad Store in Garki area of Abuja, allegedly for price fixing. This follows President…

AFTER BULDING ITS ABUJA MODERN TERMINAL, VALGEE TRANSPORT SERVICES TO OPEN IN NASARAWA AND BENUE STATES

Posted on: 18th Aug. 2023 at 4:52PM
After months of using make-shift facilities in a government park, Valgee Transporport Service has successfully built and commissioned its Modern Terminal in Wuse, Abuja. The beauty of the new terminal,…

WHY GLAXOSMITHKLINE CONSUMER NIGERIA IS LEAVING

Posted on: 4th Aug. 2023 at 2:48PM
GlaxoSmithKline Consumer Nigeria said it failed to retain the approval for the distribution of vaccines and medicines produced by GlaxoSmithKline UK Group. The firm was the sole distributor of drugs…

OLD NAIRA NOTES STILL LEGAL TENDER - CBN

Posted on: 14th Mar. 2023 at 10:23AM
The Central Bank of Nigeria (CBN) on Monday said old N200, N500, N1,000 bank notes remain legal tender Till December 31, 2023. The apex bank’s Acting Director of Corporate Communications,…

SOCIAL MEDIA OUTAGE HIT FACEBOOK, WHATSAPP AND INSTAGRAM

Posted on: 4th Oct. 2021 at 10:57PM
“Something went wrong. We’re working on it and we’ll get it fixed as soon as we can.” This was the message that greeted users when they visited the social media…

HOW SIDE CHIC DRUGGED AND STABBED SUPER TV CEO AND NIGERIAN BILLIONAIRE MICHAEL USIFO ATAGA TO DEATH IN LAGOS - BY STREET JOURNAL

Posted on: 19th Jun. 2021 at 4:11PM
It is a sad day for family and friends of Michael Usifo Ataga, the Chief Executive Officer of Super TV, and a director in Super Network Limited, a telecoms firm,…

NATIONAL ASSEMBLY SET TO PASS PIB BEFORE THE END OF JUNE, SAYS LAWAN

Posted on: 7th Jun. 2021 at 10:21PM
President of the Senate, Ahmed Lawan durung an opening session on Monday vowed that the Petroleum Industry Bill will be passed by the National Assembly before the end of June…

NIGERIA OUT OF RECESSION, RECORDS 0.11 GDP GROWTH - BY MARY ABAZUO

Posted on: 21st Feb. 2021 at 11:44PM
The National Burea of Statistics (NBS) on Thursday disclosed that Nigeria's Gross Domestic Product for the fourth quarter of 2020 recorded a minute growth of 0.11 per cent. Nigeria's GDP…

HIT FM CEO OPENS FINESSE STUDIO IN CALABAR - BY MARY ABAZUO

Posted on: 15th Feb. 2021 at 3:55PM
Ugbe Patrick, CEO of Hit FM as at Friday commissioned Finesse Studios, Calabar. The studio said to have had free shots for clients before it's official opening and presently offering…

BREAKING NEWS: WTO CONFIRMS NGOZI OKONJO-IWEALA AS DIRECTOR GENERAL

Posted on: 15th Feb. 2021 at 3:49PM
Nigeria's former Finance Minister under the Goodluck Jonathan Administration Dr Ngozi Okonjo-Iweala has been officially confirmed as Director General (DG) of the World Trade Organization (WTO) today, Monday. This makes…

NCC ASKS ALL SIM CARDS TO BE LINKED TO NATIONAL IDENTIFICATION NUMBER

Posted on: 16th Dec. 2020 at 9:40AM
Following the earlier directive on the suspension of new SIM registration by network operators, the Honourable Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami convened an urgent…

FUEL PRICE NOW N151 IN NIGERIAN DEPOTS

Posted on: 3rd Sep. 2020 at 12:47PM
The Federal Government of Nigeria has announced a new depot price for Petrol with effect from 2nd of September 2020. According to a memo sent by PPMC on behalf of…

SHOPRITE TO LEAVE NIGERIA SOON

Posted on: 3rd Aug. 2020 at 12:30PM
Africa's biggest retail shop Shoprite has announced plans to withdraw their services from Nigeria. This was made known today during the company's operational update today Monday, August 3. Shoprite Holdings…

TINUBU'S DAUGHTER DENIES IMPOSING N1000 MONTHLY LEVY ON COMPUTER VILLAGE TRADERS

Posted on: 11th Jun. 2020 at 3:41PM
The Iya Oloja General of Lagos, Folashade Tinubu-Ojo has denied the news that she had imposed a levy of N1000 on all the shop powers in the popular Computer Village. She…

OIL-RICH SAUDI ARABIA TO INCREASE VAT FROM 5% TO 15% FROM JULY 1

Posted on: 12th May. 2020 at 1:16PM
As the effect of COVID-19 is hitting many world economies, Saudi Arabia, an oil-rich country is not spared due to global oil price which has nosedived. The Saudi government has…

CHINA BEGINS WORK ON 6G NETWORK

Posted on: 9th Apr. 2020 at 12:42AM
As reported by DailyMail,  "China has officially begun the research and development of 6G technology." This is coming barely a week after the launch of the 5G network which has…