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So far, only six officials of the Central Bank of Nigeria (CBN) and 16 other bankers have been arrested and charged for allegedly recycling mutilated naira notes. Only N8billion was allegedly stolen. But there are indications that the number of...
AshakaCem Plc, the cement manufacturers that are now a full subsidiary of Lafarge SA, on Thursday night elected Malam Suleiman Yahyah its new chairman. Yahyah's emergence followed the expiration of Alhaji Umaru Kwairanga's tenure and his stepping down. The new...
Although the official exchange rate at the Central Bank of Nigeria (CBN) is about N197 per dollar, buyers of the American currency are currently paying as much as N250 per dollar at the parallel market. Reports from Lagos, Abuja, Port...
Innoson Group of Companies, on August 8, unveiled air-conditioned cars from its Nigerian factory in Nnewi, Anambra State. It is not an assembly plant: the raw materials are bought both in Nigeria and abroad. Each car will cost between...
... Connects multiple stores in one mall   . A multi-store online shopping mall, Jeecity.com, which hopes to serve unlimited number of stores across various towns, cities and countries of the world, has taken off from Port Harcourt, the Rivers State...
Bad news for tax evaders: A new head of tax collectors is in town – a man who, just a week ago, was the coordinating director, Standards and Compliance Group of the Federal Inland Revenue Service (FIRS). Mr Samuel Akin...
Control Risks, the global business risk consultancy, Thursday published its annual RiskMap report. In it, it says political uncertainty and low oil price pose risks to Nigeria’s success story. Below is its annual RiskMap report, “an established authoritative guide and...
MAY 27 – Children’s Day 2016 holds great promise for children whose parents/guardians have opened accounts for them at the ZECA (Zenith Children’s Account): No fewer than 150 of them will win scholarships on Friday, May 27. The ZECA is...
Companies whose accounting year ends on September 30 ought to file their returns at the Federal Inland Revenue Service on March 31, 2015, according to information provided by the agency charged with controlling and administering certain taxes and laws...
The Central Bank of Nigeria (CBN) has directed all of its branches to start issuing new N100 bills. A statement signed by the head of corporate communications, CBN, Ibrahim Mu’azu, on Friday in Abuja said the new bill would circulate...

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