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Gambaryan and Anjarwalla Binance

FG Slams Tax Evasion Suit Against Binance

March 25, 2024
By Aduragbemi Omiyale A tax evasion suit has been filed against a cryptocurrency exchange platform, Binance, by the Nigerian government at a Federal High Court in Abuja. This information was disclosed by the Federal Inland Revenue Service (FIRS) on Monday weeks after the government detained two representatives of the foreign company. Business Post reports that the tax collecting agency in
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OPEC output cut

OPEC Secretary-General Kicks Against Calls to Abandon Oil

March 25, 2024
By Adedapo Adesanya The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mr Haitham Al-Ghais, has once again kicked against calls from certain quarters to abandon oil, saying they are “wrong” and “unrealistic.” Many organisations such as the International Energy Agency (IEA) as well as other groups have called for a total end to fossil fuel use in the
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Unlisted Securities Market

Unlisted Securities Market Rebounds in Week 12

March 25, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange returned to the winning ways in Week 12 after recording three straight weekly losses. It appreciated by 4.3 per cent last week, increasing the value of the unlisted securities market by N64 billion to N1.464 trillion from Week 11’s value of N1.404 trillion. In the same vein, the NASD Unlisted Security
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access holdings

Access Holdings, Others Join Forces to Explore Remittances

March 25, 2024
By Modupe Gbadeyanka A partnership tailored to explore the multi-billion dollar remittances sector in Africa has been entered into by Coronation Group, Access Holdings Plc, Safaricom and M-PESA Africa. These entities believe that the collaboration will also propel financial inclusion and nurture economic prosperity for millions across the continent. They intend to explore solutions that will provide a remittance corridor
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MTN Nigeria Earnings

MTN Plans $2.1bn Investment Across African Markets in 2024

March 25, 2024
By Adedapo Adesanya Africa’s top telecommunication service, MTN Group, plans to invest up to $2.1 billion (about 39 billion Rands) in 2024 to capture the structural demand for data and fintech services across Africa. This was disclosed by MTN Group President and CEO, Mr Ralph Mupita, after the company reported growth for 2023 in the face of tough macro headwinds.
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Politics

Nigerian OTC securities exchange

OTC Exchange Rises 1.17% Amid High Trading Volume

May 18, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.2 per cent appreciation on Friday, May 17 amid a large trading activity that saw three price gainers and four price losers. The market capitalisation of the OTC exchange jumped by N19.85 billion during the trading day to N1.720 trillion from N1.700 trillion and the NASD Unlisted Security Index
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Travel

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Total Group Educates Nigerians On Disease Prevention

Thursday, July 21, 2016, will forever remain memorable to the people of Delta State. It was a day Total Nigeria launched an educational project on HIV/AIDS, Tuberculoses and Malaria. Residents of Asaba, the state capital, were overjoyed for this initiative, which they described
August 19, 2016

Women Of Rubies Plans Empowerment Workshop

An online inspirational magazine reputed for capacity building, Women of Rubies, has concluded plans to empower some women in the grassroots. The publication, which runs a weekly column on Guardian newspaper, says it is providing a platform for women in the society
August 19, 2016

Mrs Saraki Lauds Humanitarian Workers

Wife of Nigeria’s Senate President, Mrs Toyin Saraki, has showered praises on aid workers around the world. Mrs Saraki, in her message to mark the 2016 World Humanitarian Day, said these set of people “strive to make this world a better place,
August 19, 2016

Bariga Fire Not Caused By Us—Ikeja Electric

The Ikeja Electric has denied reports that the fire incident that took place in the Bariga area of Lagos earlier this week was caused by a spark from an electric pole. Reacting to an article published in the Punch newspaper of August
August 19, 2016

FG Orders Importation Of Kerosene

The Nigerian government has placed orders for the massive importation of kerosene into the country, Punch reports. This is in a bid to check the arbitrary increase in the pump price of the product, oil marketers explained. According to them, the government
August 19, 2016

CBN Insists Skye Bank Not Distressed Or Liquidated

The Central Bank of Nigeria (CBN) has maintained that Skye Bank is neither distressed nor liquidated. The apex bank in the land made this clarification following what it described as “a malicious message urging customers of Skye Bank” to withdraw their money
August 19, 2016

Onitsha Shoprite Idles Away

It was set up to compete with other shopping malls in Awka and Nnewi. But the shopping mall in Onitsha, housing Shoprite is not being patronised. Reason? The people have so many markets that offer cheaper prices as Okegwo Kenechukwu in Onitsha,
August 19, 2016

FG Signs MoU On Dairy Sector Development

A Memorandum of Understanding (MoU) for the development of the dairy sector in Nigeria has been sealed by the Federal Government. Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who signed the deal on behalf of the government, said the agreement
August 19, 2016
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