Facts have emerged on the recent closure of the premises of Ecobank in Ekiti by the State Government. According to a report by Marketing Space, an official of the state government revealed that the closure was as a result of the refusal of the bank’s management to submit all the documents relating to Withholding Tax […]
The Russian Ambassador to Nigeria, Mr Nikolay Udovichenko, said his country would support Nigeria in resuscitating the moribund Ajaokuta Steel Company to ensure rapid industrialisation of the country. Besides, he said that Russia was to assist Nigeria to overcome its current challenges in other sectors of the economy, especially oil and gas. Nikolay gave the […]
Africa’s communications giant MTN will soon listed on the Nigerian Stock Exchange (NSE) as part of a settlement with the Nigerian Communications Commission (NCC), which fined it a massive $5.2bn in October last year, for missing the deadline to disconnect 5.1m unregistered subscribers. The fine was later reduced to $3.9bn but MTN will only pay […]
The much anticipated Mercedes-Benz GLA has berth in Nigeria’s auto market. The new GLA falls under the new generation compact cars (NGCC). It is a premium sports utility vehicle from Mercedes-Benz and its progressive, sporty character and agile handling differentiate it significantly from the competition. The expressive design and the high everyday practicality as well […]
The European Union has extended its ban on importation of dried beans from Nigeria by three years. Dr Vincent Isegbe, the Coordinating Director, Nigeria Agricultural Quarantine Service (NAQS) disclosed this Thursday in an interview with the News Agency of Nigeria (NAN). NAN recalls that EU banned importation of Nigeria’s dried beans in June 2015 on […]
Honda Motor Co. said on Thursday it was recalling around 784,000 vehicles in Japan, part of an expanded recall for potentially deadly Takata Corp. airbags. Honda said in Tokyo it was recalling models, including its Odyssey minivan, Fit subcompact model and Civic sedan with production dates ranging between 2003 and 2009 to replace passenger-side air […]
Dangote Group, Africa’s leading indigenous conglomerate, has become the latest entity to join the African Export-Import Bank (Afreximbank) as a shareholder. According to Afreximbank, Dangote Group completed the process of acquiring equity in the Bank on 30 May 2016 with a “substantial investment”. Welcoming the action by the Dangote Group, Dr. Benedict Oramah, President of […]
President Muhammadu Buhari has approved the appointment of his Special Adviser on Planning, Mr Ben Akabueze, as the new Director General of the Budget Office of the Federation. The announcement was made this afternoon by Special Adviser to the President (Media & Publicity) Femi Adesina. He said in a statement issued in Abuja: “Mr. Akabueze […]
MTN South Sudan said cutting 54 jobs and making changes to the way it sells airtime will help it survive an economic crisis in the oil-producing nation caused by more than two years of civil war. The unit of Africa’s biggest mobile-phone company by sales said the reduction of the workforce to 82 people and […]
By Mayowa Okekale, Abuja A Bill for an Act to make provisions for the licensing, regulation and supervision of Micro Finance Business in Nigeria, has passed the second reading, at the Senate, and has been referred to the Senate Committee on Banking for further legislative activities. The Micro Finance Bill SB. 57, as sponsored by […]