Business

Query potential customers’ sources of income, EFCC tells banks

The Economic and Financial Crimes Commission has asked all commercial banks in the country to investigate the sources of income…

5 years ago

Passengers assaulted as Lagos bus drivers protest alleged extortion

There was confusion on Apapa-Oshodi Expressway, Lagos on Tuesday as commuter bus drivers protested alleged extortion by officials of the…

5 years ago

New revenue allocation formula ready in December – RMAFC

A new revenue allocation formula will be presented to President Muhammadu Buhari by the end of 2021, the Revenue Mobilisation…

5 years ago

Reps reject Customs N1.33tn revenue target for 2022

The House of Representatives Committee on Finance has rejected N1.33tn revenue target of the Nigeria Customs Service for 2022, saying…

5 years ago

Nigeria gets $3bn as IMF lifts member nations with $650bn

The International Monetary Fund has announced $650bn special drawing rights (SDRs) for member countries to boost the liquidity, with Nigeria…

5 years ago

Kia hits Middle East with redesigned sports car K8

South Korean automaker, Kia Corporation, is set to unleash its new elegant sports car, K8, in the Middle East region,…

5 years ago

FIRS insists on collecting VAT, warns taxpayers against default

The Federal Inland Revenue Service (FIRS) has directed taxpayers in the country to continue to pay value-added tax (VAT) to…

5 years ago

Crisis brews over plan to unbundle Nigerian Railway Corporation

The plan by the Federal Government to unbundle the Nigerian Railway Corporation into four separate companies as part of its…

5 years ago

CBN pegs microfinance banks loan per transaction at N1m

The Central Bank of Nigeria (CBN) has pegged maximum loan limit for Microfinance Banks (MfBs) at N1 million per transaction.…

5 years ago

CBN blocks bank accounts of 18 companies

The Central Bank of Nigeria has ordered banks to place a post-no-debit on the bank accounts of 18 companies. A…

5 years ago