Category Archives: Business News

Nigeria needs growth oriented policies  –  IMF

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IMF-logo

By Andy Nssien The international Monetary Fund (IMF) has urged Nigeria to take urgent steps to evolve a set of policies that would reduce vulnerabilities and increase growth. Such policies include specific and sustainable measures to increase the currently low tax revenue, avoiding new tax exemptions and ensuring budget targets are adhered to even in an election […]

In Rivers State, 9mobile office sealed for N108m tax default

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The Association of Licensed Telecommunication Operators of Nigeria (ALTON), has decried the unilateral closure of 9mobile Port Harcourt Regional Office by officials of Rivers State Internal Revenue Service (RIRS). A petition addressed to the Executive Chairman, RSIRS jointly endorsed by ALTON chairman and executive secretary, Engr. Gbenga Adebayo and Kazeem Oladepo respectively, lamnted that the […]

IPMAN urges National Assembly to pass the petroleum governance bill

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the National Assembly to expedite action towards  the passage of the Petroleum Industry and Governance Bill (PIGB) to attract investments to the oil and gas sector. Alhaji Debo Ahmed, the Chairman, Western zone of IPMAN, made the appeal in an interview in Lagos on […]

NCRIB seeks patronage

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The importance of brokers in the insurance value chain cannot be overemphasised, Nigerian Council of Registered Insurance Brokers (NCRIB) President, Mr. Shola Tinubu has said. He stated this at  the council’s CEOs’ Retreat with the theme, “The future broker” held in Uyo, the Akwa Ibom State capital. He explained that brokers were in the professional […]

SEC Dedicated to robust Market – Uduk 

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Mary Uduk

The Securities and Exchange Commission, SEC has restated its commitment to collaborate with relevant stakeholders to further develop and deepen the capital market. The Ag. Director General of the Securities and Exchange Commission, SEC, Ms Mary Uduk stated this on the occasion of the visit of members of the association of Stockbroking Houses of Nigeria (ASHON) […]

Heritage Bank to boost SMEs growth via Support for The Next Titan Season-5.

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Head, Brand and Marketing Hygin HNO, Mr. Ahmed Adeyanju; Divisional Head, Corporate Communications, Heritage Bank, Mr. Fela Ibidapo; Executive Producer, The Next TITAN, Mr. Mide Kunle-Akinlaja; Corporate Affairs Manager, SIFAX Group, Mr. Olumuyiwa Akande and Corporate Communications Manager, Air Peace Airlines, Mr. Chris Iwarah, during the press conference for the commencement of The Season Five of The Next TITAN.

Heritage Bank Plc says strategies are in place to boost capacity development of small medium enterprises in the country via the sponsorship of the annual entrepreneurial reality show, The Next Titan, as the season five of the programme kicks off. Fela Ibidapo, Divisional Head, Corporate Communications, Heritage Bank, made the declaration on yesterday, during the […]

Western Marine Command Attributes Improved Half Year Result To New Anti-Smuggling Strategies

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Sarkin Kebbi

The western marine command of the Nigeria Customs Service (NCS) has revealed unprecedented seizures with a total DPV value of Forty Eight Million, Eight Hundred and Fifty Four Thousand, Four Hundred and Sixty Eight Naira, Twenty Eight Kobo only. (N48, 854,68.28) in six (6) months from January to June, 2018 as against  what was realized in 2017. […]

NDIC Assists Uganda Deposit Protection Fund

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NDIC MD/CE, Umaru Ibrahim in a handshake with DPFU, Head, Communications, Hashim Kirungi

The Nigeria Deposit Insurance Corporation (NDIC) is assisting the Uganda Deposit Protection Fund (DPFU) to develop capacity to implement the Deposit Insurance System (DIS) in the East African country. The Corporation recently hosted a five-member delegation from DPFU who arrived the country to understudy the activities of the Corporation. The NDIC has been the destination […]

UBA named Best Institution in Digital Banking

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United Bank for Africa Plc has emerged Africa’s best bank in the Digital category at the prestigious Euromoney awards in London. This further lends credence to UBA’s dominance in the digital banking space. The Euromoney awards ceremony which was held on Wednesday, July 11, 2018 covers more than 20 global product categories, best-in-class awards and […]

Buyers reportedly shun AMCON’s N182b assets

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There have been no buyers for the N182billion assets obtained by the Asset Management Corporation of Nigeria (AMCON) from debt resolution, the organisation said yesterday. AMCON Managing Director Ahmed Kuru, speaking in Lagos at the two-day retreat on AMCON Act Amendment Bill, attended by members of the Senate Committee on Banking, Insurance and other Financial […]