Business news
Global leaders attending this week’s Paris Summit for a new global financing pact have praised the African Development Bank for its role in boosting the Special Drawing Rights of low-income countries. According to the leaders, the solution would enable rich countries to reallocate part of their Special Drawing Rights to low-income countries through multilateral development […]
The Central Bank of Nigeria has ordered banks and other financial institutions in the country to regularly screen accounts of Politically Exposed Persons. It stated this in its circular to banks and other financial institutions on Friday titled, ‘Guidance notes on Politically Exposed Persons’, which was signed by the Director, Financial Policy and Regulation Department, […]
The Adamawa/Taraba Area Command of the Nigeria Customs Service has said that the removal of fuel subsidy had led to a significant reduction in the smuggling of premium motor spirits also known as fuel. In a statement, the Customs Area Controller in charge of the command, Salisu Abdullahi, stated this over the weekend while briefing […]
The Chairman of Skyway Aviation Handling Company PLC (SAHCO), Dr Taiwo Afolabi, has promised better dividends for the shareholders of the company for the current financial year ending Dec. 31, 2023. Afolabi gave the promise at the 13th Annual General Meeting (AGM) of the company for the financial year ended Dec. 31, 2022 on Friday […]