Following Wednesday’s approval by the Federal Executive Council (FEC), the 2020 Finance Bill that seeks to provide more tax incentives for Nigerian businesses and individuals has been formally presented to State governors under the aegis of the National Economic Council (NEC), at a meeting presided over today by Vice President Yemi Osinbajo, SAN. Some highlights […]
Continue Reading
Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2020 to the Nigerian and London Stock Exchanges. The 3rd Quarter result shows improved performance across key financial metrics, reaffirming the Bank’s capability to navigate the current economic challenges occasioned by impact of COVID 19 on World economies. The […]
Continue Reading
Pan African financial services institution, United Bank for Africa (UBA) Plc has deepened its retail products and services with an aim to delivering services aimed at meeting the needs of its customers across Africa. These services and product offerings, targeting at all classes of customers have been specifically tailored to meet the unique needs of […]
Continue Reading
A customer of Unity Bank Plc, Innocent Okafor and his company, Lexin Agric and Cycles Limited have renewed their legal battle against the financial institution over excessive and illegal charges. The plaintiffs are claiming the sum of N70million being special damages arising from excessive wrongful charges and loss of business profit. In an amended statement […]
Continue Reading
The minister of finance, budget and national planning, Zainab Ahmed, has projected that Nigeria’s debt profile would hit N38.68 trillion by December 2021. Speaking when she appeared before the senate committee on local and foreign debts on Tuesday, Ahmed estimated that both external and domestic debt would rise to N32.51 trillion by December 2020. According […]
Continue Reading
The minister of foreign affairs, Godfrey Onyeama, has lamented the high debt the country is owing different countries and organizations. Onyeama made this known when he said the landlord of the building where the Nigerian embassy in Hungary is located is threatening to evict the embassy. The minister was speaking while defending the ministry’s 2021 […]
Continue Reading
Buying jewelry online can be daunting, especially when you factor in the value of the average purchase. Buying anything online comes with its share of risk and you need to be aware of this if you want to know how to protect yourself against them. When you understand the risks, you can start looking for […]
Continue Reading
Leading financial institution, Access Bank Plc, has announced a N50 billion support, in form of interest-free loans and grants to Small and Medium-sized Enterprises (SMEs), affected by the violence that trailed the #EndSARS protest in some parts of the country. The bank disclosed this information via its Twitter handle on Saturday. The peaceful #EndSARS protests […]
Continue Reading
A total of 40.1 per cent of Nigerians earn less than N377 daily, according to the National Bureau of Statistics (NBS). The NBS made this known in its 2019 poverty and inequality report. According to the report, while four in every ten Nigerian earn less than ₦377 per day, about nine in ten individuals in […]
Continue Reading
The novel COVID-19 pandemic has caused the African Hotel and Tourism industry to lose over $50bn in revenue. Amidst this, Transcorp Hotels Plc has suffered unprecedented losses and is looking to restructure the business strategy of its hotels and optimize its operations. The management of Transcorp Hotels Plc has announced that it will be taking […]
Continue Reading