Justice Nnamdi Dimgba of the Federal High Court in Abuja has granted a request by Attorney General of the Federation, Abubakar Malami, for a temporary forfeiture of all funds held in bank accounts not linked to Bank Verification Numbers, BVN. Also to be forfeited are funds in accounts whose ownership could not be identified. The […]
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The National Bureau of Statistics (NBS) says that N246.30 billion was generated as Value Added Tax (VAT) in the second quarter of the year. The bureau gave the figure in its `Sectoral Distribution of Value Added Tax’’ for the Second Quarter released on Friday in Abuja. It stated that the value generated in the quarter was […]
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In recent times, customer behaviour and expectations are ever-evolving and with this challenge, comes the need to meet their needs as well as ensure, new offerings are at the forefront of technological evolution. On the back of this development, UBA a leading innovative player in Financial Services is finding new ways to communicate and engage […]
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The Naira on Wednesday exchanged at N361.50 to the dollar at the parallel market, maintaining same rate for the past one-week. Also, the Pound Sterling and the Euro traded at N475 and N425, respectively. At the Bureau De Change, BDC, window, the naira was sold at N361.50, while the Pound Sterling and the Euro closed […]
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Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at 58.27 dollars at 0131 GMT, up 39 cents, or 0.7 per cent from their last close – and a third […]
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Pan-African banking group, United Bank for Africa (UBA) Plc, at the weekend was recognised for its extraordinary support of the real sector as it won best bank in the category, ahead of its peers. The award, the organisers noted is in recognition of UBA’s leadership role as in expanding access to funds for the support […]
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Nigeria’s inflation rate has again dropped from 16.01 percent in August to 15,98 per cent in September, figures from the National Bureau of Statistics, NBS, shows. A report by NBS released on Tuesday in Abuja, showed that the drop in Nigeria’s rate of inflation in September was the eight consecutive month that the index would […]
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The Federal Inland Revenue Service (FIRS) has accused Integrated Logistics Services (Intels), the organisation co-founded by former Vice-President Atiku Abubakar and Gabriele Volpi, an Italian national, of not paying taxes. This is coming one week after the company made the headlines over the termination of its pilotage agreement with the Nigerian Port Authority (NPA), the […]
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The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on 14th of October 2017 in Lagos. The Forum hosted more than 1,300 participants from 54 African countries. The most diverse and inclusive gathering of African entrepreneurs on the continent, the Forum continued its strong tradition of showcasing innovation […]
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The Presidency on Sunday said no contracts worth 25 billion dollars were awarded by the Nigerian National Petroleum Corporation (NNPC). It also said that 25 billion dollars was not missing in the corporation. Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, stated this in a […]
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