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Business

Unfroze Bamboo Bank Accounts

Why Court Temporarily Unfroze Bamboo Bank Accounts

September 9, 2021
By Ashemiriogwa Emmanuel A federal high court in Abuja recently ordered that the accounts of Bamboo Systems Technology Limited and Bamboo Systems Technology Ltd be temporarily unfrozen. The companies had filed an application, praying for a variation on the grounds that they needed funds to pay rent and workers’ salaries. Recall that about three weeks ago, the apex court in
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VAT war

Manufacturers Want FG, States to Urgently Resolve VAT War

September 9, 2021
By Adedapo Adesanya The Manufacturers Association of Nigeria (MAN) has appealed to the federal and state governments to urgently find a mutually acceptable way forward on the collection of taxes on sales and consumption to address anxiety and confusion in the business community. Mr Segun Ajayi-Kadir, Director-General of MAN, made this plea via a statement issued in Lagos, noting that
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Manufactured Goods Imports

Manufactured Goods Imports into Nigeria Drop 5.1%

September 9, 2021
By Sodeinde Temidayo David The value of manufactured goods imports into Nigeria in the second quarter of 2021 depreciated by 5.1 per cent to N4.3 trillion, though it accounted for 61.86 per cent of the total imports of N7.0 trillion in the period under review. Data analysed by Business Post from the figures released by the National Bureau of Statistics
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Passes VAT Bill

Lagos Assembly Passes VAT Bill, Charges 6%

September 9, 2021
By Adedapo Adesanya Amid the recent hostility between the states and the federal government, the Lagos State House of Assembly on Thursday passed the Value Added Tax (VAT) Bill. The Assembly, led by the Speaker, Mr Mudashiru Obasa, directed the Acting Clerk of the House, Mr Olalekan Onafeko, to transmit a clean copy of the bill to Governor Babajide Sanwo-Olu
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bulls on NASD

Transactions on NASD Close 0.65% Lower 

September 10, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange turned red on Thursday after it closed 0.65 per cent lower following the losses posted by three companies. FrieslandCampina WAMCO Nigeria Plc led the losers’ chart yesterday after its price went down by 95 kobo or 0.8 per cent to close at N121.05 per share in contrast to the previous day’s
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Politics

Unity Bank UnityCares

Unity Bank, FBN Holdings, Others Tumble Customs Street by 0.31%

April 20, 2024
By Dipo Olowookere The Nigerian stock market further depreciated by 0.31 per cent on Friday on the back of persistent selling pressure, especially in the banking sector. Twenty equities led by Unity Bank and FBN Holdings brought down Customs Street at the close of trading activities yesterday, as investor sentiment remained largely weak. Business Post reports that only 14 shares
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Equities Market bearish bullish

Equities Remain Bearish After N98b Loss

By Dipo Olowookere The Nigerian Stock Exchange (NSE) closed on Thursday 0.84 percent lower as the negative investor sentiment continued. The year-to-date returns ended at -16.27 percent after significant losses across the market segments with the exception of the banking index, which
September 14, 2018
okowa delta state

Delta Got 988% More Revenue Than Osun in H1 2018—NEITI

By Modupe Gbadeyanka A total of N3.95 trillion was shared among the federal, states and local government areas of the federation in the first half of 2018 from the Federation Account. A statement from the Nigeria Extractive Industries Transparency Initiative (NEITI) signed
September 13, 2018

Notore Shuts Down Operations at Ammonia Plant

By Dipo Olowookere The management of Notore Chemical Industries Plc, the newest company to list its shares on the Nigerian Stock Exchange (NSE), has announced the closure of its Ammonia Plant. In a statement signed by the Group Chief Legal Officer/Company Secretary,
September 13, 2018

Spar Nigeria, Aurora Foundation Fete Visiting Beauty Queens

By Dipo Olowookere Some beauty queens from across the globe visiting Nigeria for tourism and humanitarian purposes were recently given a befitting treat courtesy SPAR Nigeria and Aurora Foundation. The beauty queens came from Canada, Ghana, USA, Lebanon, Great Britain, Italy, India
September 13, 2018
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