Customs FOU Ikeja hits N2.5bn revenue in released half year results
The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone ‘A’ Ikeja, Lagos has released its half year result which shut up earnings to N2.5bn between January to June 2017. Detailed report contained in a statement issued on Sunday by…
Sealing up tax defaulters premises now a continuous drive nationwide—FIRS
The management of the Federal Inland Revenue Service (FIRS) has said that its ongoing crackdown on tax-defaulting companies in Abuja, Lagos and other parts of the country has become a continuous process designed to deepen tax culture. In an exclusive…
UBA shines big, bags ‘Best Bank’ at 2017 Ghana Banking Awards
The United Bank for Africa (UBA-Ghana) Limited has won the ‘Best Bank – Product Innovation and Services’ award for innovative cash transfer product across Africa – Africash at the Ghana Banking Awards held on Saturday in Accra. A statement from…
Fresh reason emerges on why FG suddenly thinks selling crude in African market
The latest bad news for the largest economy in Africa, Nigeria today, is that its biggest oil buyer, India has switched purchase loyalty to the United States. Before now, Nigeria hardly sells to African nations but focused on Europe, Middle…
NNPC’s refineries monthly report indicates production drop, rising losses
The Nigerian National Petroleum Corporation (NNPC) has released refineries progress report for the month of May which shows marginal drop in both product outputs and revenue within the month of May when compared with April. It would be recalled that…
NNPC, banks deny concealing FG’s $793.2m, may appeal ruling
Following the Lagos Federal High Court’s order on seven commercial banks to remit a total of $793.2m allegedly hidden by them for the Nigerian National Petroleum Corporation (NNPC) and its subsidiary in contravention of the Federal Government’s Treasury Single Account…
Politics played on privatization of steel firms, PHCN killed manufacturing—Innoson boss
Chairman of Innoson Vehicle Manufacturing (IVM) Innoson Group, Dr. Innocent Ifediaso Chukwuma has given a graphic diagnosis of the challenges of the heavy manufacturing sub sector of the Nigerian economy. In an interview, he revealed that the epileptic growth and…
How financial reckless landed BoA in N40bn loans crisis, irrelevance
Business Hilights has stumbled on details why the federal government had been silent in using the Bank of Agriculture (BoA) to drive its fledging agro revolution. The present administration had since inception, been driving massive public and private sector investments…
Poor data base frustrating international tourist arrivals statistics for Africa—UNWTO
Whereas the latest figures from the United Nations World Tourism Organisation (UNWTO), has shown that the number of international tourists has gone up, limited data available for Africa points to an 8 per cent increase in international arrivals, with North…
Why AMCON overrun Gateway Portland Cement
For non-performing loan rising to over N3bn, the Asset Management Corporation of Nigeria (AMCON) weekend, took possession of Gateway Portland Cement Ltd. and factories in Ogun State. The said debt had been a subject of litigation for some time now….
