L-R: Tanzania High Commissioner in Nigeria, His Excellency Dr. Benson Alfred Bana; Founder/Chief Operating Officer TAJBank Limited, Mr. Hamid Joda; and the bank’s Co-Founder/Chief Marketing Officer, Mr. Sherif Idi; when the bank’s management paid a courtesy visit to the High Commissioner to discuss investment opportunities in Tanzania and Nigeria and how TAJBank could support investors […]
The European Commission on Wednesday initiated plans for the world’s first carbon border tax on imports of carbon-intensive steel, cement, fertilizers, aluminium, and electricity, as part of a programme to meet its new climate target. According to the commission, the border levy, which is designed to protect European industries from competitors abroad whose manufacturers can […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, has said that the President Buhari-led government is committed to mobilising the private sector to participate in the country’s economy for efficiency and sustainable growth. The Vice President ,who spoke at the webinar organised by the Bureau of Public Enterprises (BPE) in collaboration with the Nigerian Exchange Group (NGX) […]
The President Joe Biden-led government is set to begin the payment of Child Tax Credit to low and moderate income households. The Child Tax Credit, which is a key component of Joe Biden’s American Rescue Plan, is slated to commence first-ever monthly cash payments on July 15, when the IRS will begin sending checks to […]
The Board of Directors of FCMB Group Plc on Tuesday announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited. This announcement is sequel to the end of service of the bank’s former Managing Director, Mr. Adam Nuru. The Board had earlier reviewed media allegations made in late […]
China on Tuesday projected that the number of 5G users would exceed 560 million by 2023. According to a recent guideline on the country’s telecom industry issued by 10 state agencies, including the Ministry of Industry and Information Technology, the 5G network is expected to be used by over 40 percent of personal mobile phone […]
The Federal Government has restated its commitment to fully comply with the country’s crude oil production quota as allocated by the Organisation of Petroleum Exporting Countries (OPEC) pegged at 1.554 million barrels per day (mbpd) in June. The Minister of State, Petroleum Resources, Mr. Timipre Sylva, made the pledge at a briefing in Abuja to […]
The Securities and Exchange Commission Nigeria (SEC) on Monday proposed N10 million registration fee for issuing houses, underwriters and fund managers. Currently the affected operators are paying only N500,000. The proposed fee was contained in a document posted on the commission’s website titled ‘Exposure of proposed new rule and sundry amendments to the rules and […]
The Debt Management Office (DMO) on Monday put on offer the Federal Government’s N150 billion bonds for subscription for the month of July. According to the DMO, the offer was in three tranches of N50 billion each. The first is a 10-year reopening bond offered at the rate of 13.98 percent with a maturity date […]
The National Assembly on Monday approved N4.87bn for the National Intelligence Agency (NIA) for the purposes of enabling it to track, intercept, monitor calls and messages on mobile devices by telecom subscribers in the country. The approved sum is part of the N895.8 billion Supplementary Budget submitted by President Muhammadu Buhari last month which was […]