This State Government Will Tax You For Drinking Alcohol
Akwa Ibom Commissioner for Finance, Akan Okon, said the state would begin to tax consumption of alcohol in hotels and beer parlours. Okon confirmed to journalists in Uyo over the…
Aliko Dangote Just made these huge revelations at the Economist summit
Aliko Dangote, Africa’s richest man and President and Chief executive officer of Dangote Group, says his cement company Dangote Cement has seen a 47 percent growth in sales volumes between…
Dangote To Buy Phosphate From Morocco
Dangote Group, said on Monday that it is planning to buy phosphate from Morocco and potash from Congo-Brazzaville to feed a planned fertilizer plant. According to Reuters, Dangote told a…
Economist Summit: Okey Enelamah says Naira options may involve “pricing flexibility”
Nigeria’s minister of Industry, Trade and Investment Okey Enelamah said at the Economist Summit today that options for the naira may involve pricing flexibility to create an environment for the…
This Billionaire Just Got Sentenced To Death For “Spreading Corruption On Earth”
An Iranian court on Sunday, sentenced billionaire businessman Babak Zanjani to death for embezzlement of public funds, and “spreading corruption on Earth”. Babak Morteza Zanjani is auguably one of the…
No fret: Wigwe says Nigerian Banks can deal with bad loans
Nigeria will not be experiencing any industry wide banking crises, despite the slump in oil prices according to Access Bank CEO Herbert Wigwe.Wigwe who was speaking at the Economist Summit…
JAT explains how Oando will pay off its $450 million loans in 2 years
Wale Tinubu Group CEO of Oando says the company will pay off its existing $450 million in debts in about 2 years.Tinubu who was speaking at the economist summit said…
Iran Delivers Its First Crude Oil To Europe After Sanctions
Iranian oil has been delivered to Europe for the first time since the sanctions were lifted in January by the European Union(EU). You may recall that an oil trade embargo…
Nigerian Stocks: Top gainers and losers 7/3/2016
Nigerian stocks started the week on a positive, as the All Share Index rose marginally by 0.27% to close at 25,890.94. Last week, Nigerian equities posted strong gains driven by…
Foreign Portfolio Inflows into the capital marked drops by 65% from a year ago
The Nigerian Stock Exchange has released its Foreign Portfolio Investment report for the month of January 2016. According to the report, Foreign Portfolio Inflows (FPI) dropped by about 65% from…