The Federal Inland Revenue Service (FIRS) has developed a strategy to ensure appropriate taxation of multinationals and enterprises operating in the country. The move is part of efforts to boost revenue generation.
Updated 6 Years ago

The Excess Crude Account (ECA), which was created to provide succour in rainy days for the federation, now has only about $2.1 billion in its kitty.
Updated 6 Years ago

Among the 30 highly capitalised stocks listed on the Nigerian Stock Exchange (NSE), three banking stocks – Skye Bank plc, Ecobank Transnational Incorporated plc, and Fidelity Bank plc – were most negatively impacted in a recent value loss which took about N309 billion off Nigerian equities.
Updated 6 Years ago

Nigerian banks will be challenged in the weeks ahead to enhance professionalism within their systems by way of growing the requisite skills-set for real banking, improving risk appraisal, rendering enhanced customer service and re-assessing the overheads they bear in terms of number and cost of branches, among others.
Updated 6 Years ago

The Securities and Exchange Commission (SEC) has asked all public companies yet to register their shares to do so before June 30, 2014 or be sanctioned. Public companies, according to the Companies and Allied Matters Act, 1990, are firms that have more than 50 shareholders.
Updated 6 Years ago

he market capitalisation on the Nigerian Stock Exchange (NSE) in Lagos dropped by N62 billion or 0.48 per cent at Tuesday’s trading, as major stocks recorded price losses.
Updated 6 Years ago

The Bankers’ Committee Tuesday resolved to extend the cashless policy to all states in the country from July 1, 2014.
Updated 6 Years ago

Samsung Electronics West Africa has unveiled the first of its kind Customer Service Plaza (CSP) in Abuja. The new center boasts of a waiting lounge, experiential points, kiddie’s zone and dedicated service slot.
Updated 6 Years ago

MultiChoice, provider of premium pay-TV on the DStv and GOtv platforms has launched the DStv Acada Scheme, in furtherance of its effort to enrich lives. The DSTV Acada Scheme is a youth enterprise initiative, with the objective of tapping into young minds, in order to offer them an opportunity to jump start their entrepreneurial abilities.
Updated 6 Years ago

First Bank of Nigeria Limited for the third consecutive year has been adjudged Nigeria’s number one banking brand in the 2014 ‘Top 500 Banking Brands’ global ranking.
Updated 6 Years ago