nigeria business news
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Business Foreign investors bought less Nigeria bonds last year – Business Recorder
Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39% of all bonds issued compared with the previous year when they bought 10.99%, a debt office presentation showed. The debt office said local fund managers bought most of the bonds in …...- Nigeria Business News
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Business Bank MD faces criminal charge for granting loan without security – P.M. News
A criminal charge of reckless granting of loan without adequate security has been filed against the Managing Director of Mortgages PHB Ltd, Bayo Adewakun In a four count amended charge number FhC/422C/2019 filed before a Federal High Court sitting in Lagos, Southwest … Read more via P.M. News...- Nigeria Business News
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Business Lagos state plans to observe its waterways with over 5,000 drones – Techpoint.Africa
In a bid to curb boat mishaps, the Lagos state government says it has acquired drones to monitor its waterways, which appear to be the fastest means of transport... Read more via Techpoint.Africa – https://ift.tt/38jF0vU Get more: Nigeria Business News- Nigeria Business News
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Business Why you’ve been experiencing unusually poor internet service on MTN – Techpoint.Africa
If you’ve been having challenges connecting to the internet via MTN since Thursday evening, you are not alone. It’s the same for many across West Africa. Here’s what we know so far about the root cause.... Read more via Techpoint.Africa – https://ift.tt/2v0n7nl Get more: Nigeria Business News- Nigeria Business News
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Business VAT implementation takes effect February 1 – finance minister – The Guardian Nigeria News
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says the implementation of Value Added Tax (VAT) increase from five per cent to 7.5 per cent … Read more via The Guardian Nigeria News – Nigeria and World News – https://ift.tt/2QZx50I Get more: Nigeria Business News- Nigeria Business News
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Business Buhari govt reveals date 7.5% VAT will take effect – Daily Post Nigeria
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning has disclosed that the implementation of Value Added Tax (VAT) increase from five per cent to 7.5 per cent will take effect from Feb. 1. Ahmed said this during the inauguration of the Chairman and Board … Read more via...- Nigeria Business News
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Business Nigeria’s free trade zones could unlock Africa’s digital economy – CityPress
If technology and innovation will change Africa, and there’s no doubt that they will, governance must shift to stimulating opportunity, not stifling it, writes Iyinoluwa Aboyeji. We are all waking up to the enormous potential of Africa becoming the emerging giant tech hub of the world...- Nigeria Business News
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Business Smartphone users spend $120 billion on mobile apps in 2019 – Nairametrics
Smartphone users spent $120 billion on mobile apps, as 204 billion apps were downloaded in 2019, setting a record higher than that of 2018, the annual State of Mobile report has shown. The annual report, “State of Mobile” by App Annie disclosed that the number of mobile apps downloaded climbed...- Nigeria Business News
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Business FG Begins Implementation Of 7.5% VAT On Transactions – Tori News
The implementation Of 7.5% VAT on transactions has already commenced which would help raise revenue for the government by various fiscal measures.... Read more via Tori News – https://ift.tt/2ss5ZGd Get more: Nigeria Business News- Nigeria Business News
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Business Ivory Coast, Ghana form cocoa cartel – Newtelegraph
Ivory Coast and Ghana have joined forces to form a cocoa cartel, New Telegraph has learnt. According to the monthly report on commodities from the Bismarck Rewane-led Financial Derivatives Company (FDC) Limited, the cartel, which bore some similarities with the OPEC, was to control… Read...- Nigeria Business News
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Business Kaduna govt seals 2 banks’ premises over N295m unpaid taxes – Newtelegraph
The Kaduna State Internal Revenue Service (KDIRS) yesterday sealed the premises of Keystone Bank and First City Monument Bank (FCMB) in Kaduna over alleged unpaid taxes. The Executive Chairman of the Service, Dr. Zaid Abubakar told newsmen in Kaduna that the banks allegedly owed the state...- Nigeria Business News
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Business Nigerian oil producer duped into thinking it received $184 million loan from Qatar – MarketWatch
A Nigerian oil producer thought it had received a critical $184 million loan from a sovereign wealth fund to drill and develop an offshore field. The company, Lekoil Ltd. LSE, -0.26% , told the London Stock Exchange on Jan. 2 it had received the loan from the Qatar Investment… Read more via...- Nigeria Business News
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Business Exxon and Chevron selling assets in Equatorial Guinea and Nigeria as U.S. companies retreat to shale projects – TODAY NEWS AFRICA
The Minister of Mines and Hydrocarbons in Equatorial Guinea, Mr. Gabriel Obiang Lima, announced on Sunday that Exxon Mobil Corp. was in talks to sell its oil assets in the central African nation. Exxon and Chevron Corp. are also selling stakes in fields in Nigeria, according to the Wall …...- Nigeria Business News
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Business Nigeria says it has rescued three foreigners who were abducted by pirates – Insurance Marine News
Three foreign sailors — two Russians and an Indian — who had been kidnapped by pirates have been rescued, the Nigerian Navy has said. The three were saved in an operation late on Tuesday January 7th by a navy team in the southwestern coastal state of Ondo, spokesperson Suleman Dahun told Agence...- Nigeria Business News
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Business Immigration System Crash At Nigerian Airports Leaves Passengers Stranded – Sahara Reporters
There is currently chaos at all arrival points of international airports in Nigeria especially the Murtala Muhammed International Airport, Lagos, following the breakdown of the portal of Innovate One, the concessionaire to the Nigeria Immigration Service...... Read more via Sahara Reporters –...- Nigeria Business News
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Business Dangote renews interest in Arsenal takeover – P.M. News
Africa’s richest man Aliko Dangote has once again renewed his interest in buying Arsenal Football Club, for which he has set a target must-buy date in 2021. In an interview with Bloomberg, broadcast on the most recent edition The David Rubinstein Show, … Read more via P.M. News –...- Nigeria Business News
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Business VAT Now 7.5%: 10 Things You Need To Know About Buhari’s Finance Bill – Tori News
Nigerians will now pay more for VAT following the passage of Finance Bill by President Muhammadu Buhari. Nigeria's President Muhammodu Buhari on Monday signed into law Finance Bill 2019.... Read more via Tori News – https://ift.tt/2Thiv6p Get more: Nigeria Business News- Nigeria Business News
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Business AGF withdraws alleged revenue indebtedness demands from MTN – The Guardian Nigeria News
The office of the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, has withdrawn the demand of N242, 244,452,215.97 and $1,283,610,357.86 alleged revenue indebtedness from MTN Nigeria. MTN said it received a letter dated Read more via The Guardian Nigeria...- Nigeria Business News
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Business MTN stock jumps after Nigeria drops $2bn tax claim – Moneyweb
Nigeria dropped a $2 billion claim for back taxes against MTN Group, ending a 16-month long battle between Africa’s largest wireless carrier and legal authorities in its biggest market. The company, which disputed the claim from the start, had struggled to convince investors it could get the...- Nigeria Business News
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Business Leaked emails between Govt. officials, Oil companies allow Nigeria to recover US$1.1Billion for oil block deal – Kaieteur News
When transparency advocates and regulators of a country want to recover the nation’s wealth, lost through acts of grand corruption, they often call for an audit to … Read more via Kaieteur News – https://ift.tt/2shYMby Get more: Nigeria Business News- Nigeria Business News
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