FG to enforce 5% tax on calls, data, others –
The Federal Government has said telecommunications subscribers in the country would commence payment of five percent tax on calls, SMS data and other telecom services. This was disclosed at the Nigerian Communications Commission (NCC) ‘Stakeholders Forum on the Implementation of…
Lagos Introduces Whistle-Blower Initiative Monday, August 1
The Lagos State Internal Revenue Service (LIRS) is set to launch its Whistle-Blower initiative, a state-wide project, introduced to provide a platform for employees, stakeholders and the general public to report any observed violation, misconduct, or unethical behaviour across the…
LCFE, Heritage Bank, others unlock N445trn commodities ecosystem
Lagos Commodities and Future Exchange (LCFE), Heritage Bank Plc, Capital Market players and other stakeholders have unlocked the $1trillion (N445trn) commodities ecosystem as avenue to diversify the economy from a crude oil dependent economy to other critical economic sectors. This…
Airtel Africa’s Q1 22 earnings in line as valuation premium widens
Airtel Africa (AIRTELAFRI) released its Q1 22 unaudited results before the market opened 28 July (note: March year-end). The group reported EPS of US$0.04 (+30.4% y/y) in Q1 22, underpinned by strong revenue growth and decreased tax charges. The achieved…
Electric Cars Now Account For 10% Of All Passenger Car in EU in Q2’22
According to MoneyTransfers.com, battery electric cars (BEV) now account for 10% of all Passenger car registrations in the European Union (EU) in Q2’22. Speaking on the data, MoneyTransfer’s CEO Jonathan Merry said. “The primary source of EU greenhouse gas emissions…
Shelter Afrique records US$1.04M in net profit for 2021
Pan African housing development financier Shelter Afrique has posted an operating profit of US$ 1.04 million up from operating loss of US$ 0.58 million the Company recorded in 2020, backed by impairment recoveries and effective cost control measures. The Company…
TotalEnergies Report second 2022 interim dividend of €0.69/share
The Board of Directors of TotalEnergies SE, meeting on July 27, 2022 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, declared the distribution of the second 2022 interim dividend at €0.69/share, similar to the first 2022…
NIMASA, NLNG move to Improve Operations
Deep Blue Project commendable – NLNG MD NIMASA committed to global best practice – Jamoh The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, and that of the Nigeria Liquefied Natural Gas, NLNG, have agreed to set up…
FG arrest 8 suspects trafficking pangolin scales, ivory
The Hague, the Netherlands, 26 July 2022 – The Nigeria Customs Service (NCS) announced today that they have arrested eight suspects connected with the trafficking of pangolin scales and ivory from Nigeria. Acting on information provided by the Wildlife Justice…
Code of Practice to raise online content safety– Minister
The Honourable Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami), has said that the recently released Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries and Conditions for Operating in Nigeria will provide opportunity to protect the…
