Tuesday, October 19, 2021

Business

Kwara Customs generates N6.9bn in 2020

By Steve Oni, Ilorin Despite the ravaging Covid-19 pandemic, the Kwara state Command of the Nigerian Customs Service has generated the sum of N6.96bn into the coffers of the federal government in 2020, representing...

SPDC’s oil production hits 514,000 bpd – Report

The Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day (bpd) and developed additional capacity to produce more. Mr Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed...

Multiple taxes: Petroleum dealers in Anambra threaten shutdown, gives 21 day ultimatum

Petroleum dealers in Anambra have threatened to shut down operations in 21 days over alleged government multiple levies and indebtedness. The operators under the aegis of NNPC Enugu Depot Community issued the warning in a communiqué issued after an all...

Shareholders applaud NASCON’s prompt dividend payment

Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, has applauded the company for improved performance and dividend declared in 2019. In a statement made available to the News Agency of Nigeria (NAN) in Lagos on Monday,...

Block makers eye millions in Dangote Cement promo

The Block Makers Association says the ongoing Dangote Cement Bag of Goodies Season 2 promo, expected to produce 1,000 millionaires, provides an opportunity for palliative in the period of COVID-19 scourge. The News Agency of Nigeria (NAN) reports that the...

FIRS clarifies stamp duty rates, others

The Federal Inland Revenue Service (FIRS) has published detailed information to guide taxpayers and the general public on rates payable as stamp duty. Mr Abdullahi Ahmad, Director Communications and Liaison Department of the FIRS, made this known in a statement...

Access Bank Plc acquires Transnational Bank (Kenya) Plc

Access Bank Plc on Monday announced that it had successfully completed acquisition of the Transnational Bank (Kenya) Plc following receipt of full regulatory approvals and fulfilment of all conditions. The Company Secretary, Mr Sunday Ekwochi, informed the investing public and...

NSE market indices down 0.07%, as MPC retains policy rates

The Nigerian Stock Exchange (NSE) opened the week on Monday with a loss of 0.07 per cent, just as the Monetary Policy Committee (MPC) retained key policy variables. The MPC committee members at the end of the one-day virtual policy...

Oil falls, heads for weekly decline as virus cases hit record

Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere would suppress fuel...

NSE market capitalisation opens week with N162bn loss

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day. Specifically, the market capitalisation which opened at N12.695 trillion lost N162 billion to close at N12.533 trillion. Also, the All-Share...
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Latest News

Diaspora Group Calls For Sack of INEC Chairman, Commissioner Over $4M bribe

Accuses Gov Obiano of Complicity.. Petitions US, UK Embassies For VISA Ban... The Diaspora Commitee On Good Governance and Electoral Reforms...
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UNILORIN set to construct hydro power plant, says VC

The University of Ilorin has concluded plan to construct a hydro power plant to be propelled by the river feeding the university's small earth...

Ember months: FRSC Suleja takes campaign to motor park

A Federal High Court in Lagos, on Monday, ordered Ogun State Assembly and the Nigeria Police to appear before it, the News Agency of...

Auto crash claims 11 lives in Kwara

The federal road safety corps (FRSC) have confirmed that 11 persons lost their lives in a Road Traffic Crash (RTC) on Sunday. The Kwara Sector...

Kwara police rescue kidnapped twin children of traditional ruler, 3 domestic staff

The Police Command in Kwara has rescued the kidnapped twin girls and three domestic staff of Oba Samuel Adelodun, the Owalobo of Obbo Ayegunle,...