Business news
To provide full information, support investor decision-making and facilitate international comparability to attract capital, the Financial Reporting Council (FRC) of Nigeria and NGX Regulation Limited (NGX RegCo) is set to organize and host the launch of the first two IFRS Sustainability Disclosure Standards, (IFRS S1 and IFRS S2 Standards) by the International Sustainability Standards […]
The Federal Inland Revenue Service (FIRS) has partnered with the Market Traders Association of Nigeria (MATAN) to collect and remit Value Added Tax (VAT) to the FIRS from the country’s markets, especially in the informal sector. The Association which has a membership of well over 40 million traders across the country’s 774 local governments, and […]
GSK Consumer Nigeria’s unclaimed dividend grew to N1.28 billion as of December 31, 2022. The company has advised shareholders to complete the e-dividend registration or write to the Registrars to claim their dividends. The rise in unclaimed dividends is due to several factors, including shareholders who have died and are without information on next of […]
The Customs Area Controller, CAC of the Kirikiri Lighter Terminal, KLT, Command of the Nigerian Customs Service, NCS, Timi Bomodi, has said that about 60 per cent of imported cargo through the Lagos ports do not go out of Lagos. Bomodi who disclosed this while playing host to the new executive members of the Maritime […]
The Vice-Chancellor, Osun State University, Prof. Clement Adebooye said scholars from the university won a total of US$12 million in research grants, in the first half of the year 2023. Adebooye disclosed this in a statement issued by the UNIOSUN Public Relations Officer, Ademola Adesoji. The VC linked the development to the encouragement the management […]
Twenty arrests have been made of suspected collaborators, suspected ADF collaborators, police spokesman Fred Enanga told a press conference, referring to the Allied Democratic Forces (ADF) based in the DRC. Twenty arrests have been made of suspected collaborators, suspected ADF collaborators, police spokesman Fred Enanga told a press conference, referring to the Allied Democratic Forces […]
A pregnant woman on a KLM flight headed for Amsterdam has given birth after unexpectedly going into labour, forcing the airplane to have an emergency landing in Spain. According to Aviation24 on Tuesday, the incident happened early Monday morning when one of the passengers on KLM Flight 588, a Boeing 777, suddenly went into labour […]
Stanbic IBTC Holdings PLC, a leading end-to-end financial institution in Nigeria, has received a significant affirmation of its creditworthiness as Fitch Ratings reaffirms its National Long-Term Ratings at ‘AAA(nga)’ with a Stable Outlook. The rating also extends to its subsidiary, Stanbic IBTC Bank PLC, highlighting its strong support from its ultimate parent, Standard Bank Group […]
The National Agency for Food and Drug Administration and Control (NAFDAC) said it has embarked on crackdown on all illegal manufacturers and distributors of herbal preparation and other unregistered preparations, with a view to bringing perpetrators to book and minimise the usage of the substance. The move came just as the agency announced the arrested […]
The Naira on Tuesday appreciated against the dollar at the Investors and Exporters window exchanging at N756.61. The Naira gained by 1.79 per cent when compared with N770.38 it was exchanged to the dollar on Monday. The open indicative rate closed at N701.75 to the dollar on Tuesday. An exchange rate of N781 to the […]