BUSINESS Archives - Page 34 of 162

Buhari signs 2019 Finance Bill into law, taking VAT to 7.5%

January 13, 2020January 13, 2020Eben Tanimola

President Muhammadu Buhari, on Monday signed the 2019 finance bill into law in Abuja. The bill signed into law marks the commencement of the proposed increase in the rate of value-added tax from the present 5% to 7.5%. The bill was submitted to the national assembly alongside the budget. However, the bill signing is coming […]

Businessman slumps, dies as Obosi spare parts market fire gut his five shops

January 12, 2020January 12, 2020News Agency

At least one person has been confirmed dead, following Saturday’s fire that gutted the Mgbuka Obosi Spare Parts Market in Idemili North Local Government Area of Anambra. News Agency of Nigeria (NAN), however, learnt that the deceased, identified simply as G.O.D and Chairman of Zone 11 in the market, did not die in the inferno. […]

UBA Africa Gets New CEO As Bank Announces Appointments to Group Board and Africa Operations

January 7, 2020January 7, 2020Ayo Olowo

United Bank for Africa Plc (UBA) on Monday, announced that Oliver Alawuba has been appointed as CEO of UBA Africa, overseeing the bank’s 20 African country operations, ex-Nigeria. He succeeds Victor Osadolor, who retires from the Group Board, after 9 years of service working at UBA. UBA Africa serves over 19 million customers across the […]

APPLY NOW: TEF opens application portal for the 2020 Tony Elumelu Foundation Entrepreneurship Programme

January 7, 2020January 7, 2020Eben Tanimola

The Tony Elumelu Foundation (TEF) has opened its application portal (www.tefconnect.com) for applications from African entrepreneurs across all African countries, for the 2020 cohort of the Tony Elumelu Entrepreneurship Programme. In 2019, 3,050 African entrepreneurs benefited from the Programme, a number which will meaningfully increase in 2020. The TEF Entrepreneurship Programme is open to startup […]

UBA Recruits 4000 New Staff, Promotes Over 5,000 Staff members as Salaries Increase Up to 170%

January 4, 2020January 4, 2020Ayo Olowo

Over 5,000 staff of the United Bank for Africa (UBA) Plc, started the new year with a lot of cheer as the bank yesterday announced its promotion to new grades as well as salary upgrades with immediate effect this January. Those who are beneficiaries of this exercise will receive up to 170% increase in their […]

FULL LIST! Tony Elumelu Foundation Announces Final 2,100 Entrepreneurs for the Inaugural TEF-UNDP Entrepreneurship Programme

December 31, 2019December 31, 2019Eben Tanimola

The Tony Elumelu Foundation (TEF)—the private-sector-led philanthropy focused on empowering African entrepreneurs—has announced a final list of 2,100 entrepreneurs to benefit from the inaugural TEF-UNDP Entrepreneurship Programme. The Programme targets small business owners in rural communities across the 7 Sahel countries of Africa – Nigeria, Niger, Chad, Mauritania, Burkina Faso, Mali and Cameroon. The successful […]

FIRS gives one-month window for tax payers to obtain Tax Clearance Certificate

December 31, 2019December 31, 2019Ayo Olowo

The Executive Chairman Federal Inland Revenue Service, Muhammad Nami, has offered a 30-day window to enable taxpayers, obtain Tax Clearance Certificate. Nami personally signed the public notice, designed to make things easy for taxpayers. Titled FACILITATING 2020 TAX CLEARANCE CERTIFICATE (TCC) ISSUANCE, the notice was issued to assist taxpayers meet their obligations as they might […]

CCT asks CAC registrar-general to step aside over false asset declaration

December 28, 2019December 28, 2019Eben Tanimola

The Code of Conduct Tribunal (CCT) has ordered the acting registrar-general of the Corporate Affairs Commission (CAC), Azuka Azinge to step aside because of false declaration of asset. Azinge was arraigned before the tribunal on December 23 on an 11-count charge bordering false declaration of assets. She was also accused of receiving allowances she was […]

Lagos 32,000-metric-tonnes rice mill to create 250,000 jobs

December 24, 2019December 24, 2019Eben Tanimola

The Lagos State Government on Monday said its 32,000-metric-tonnes Imota rice mill would about 250,000 jobs when completed in June 2020. Lagos State Commissioner for Agriculture, Gbolahan Lawan made the disclosure during an inspection visit to the rice mill at Imota, Ikorodu. Mr. Lawal said the economic importance of the rice mill was very huge, […]