BIRS unseals Dangote Cement Company
Dangote Cement Firm (DCC) Gboko was opened by the Benue Board of Internal Revenue Service (BIRS) after the company paid a portion of the PAYE/withholding tax owing the board of N69 million. The Executive Chairman of BIRS, Mrs Mimi Adzape-Orubibi, stated this on Wednesday in Makurdi. She said that the N69 million was part of […]
Airtel Raises Awareness on Recycling, Healthy Disposal of E-wastes
Airtel Nigeria has renewed its commitment to responsible environmental management, including proper electronic waste disposal, recycling, and repurposing. Surendran Chemmenkotil, Chief Executive Officer and Managing Director of Airtel Nigeria, commented on the company’s observance of World Environment Day in 2022: “The Airtel Nigeria’s ambition is to address and minimize the impact of its operations on […]
Wema Bank Shows Commitment to Women Empowerment
Nigeria’s most innovative bank, Wema Bank Plc, is once again demonstrating its commitment to women empowerment by partnering with Shecan Nigeria to organize a conference to help Nigerian women realize their potentials and develop their capabilities. Specifically, the partnership entails helping women and young female entrepreneurs attain their personal and business potential through mentoring and […]
Wema Bank Emerges Most Profitable In PAT Growth In Q1 2022
By Benjamin Odjugo The Nigerian banking sector recorded impressive growth in the first quarter of the year, recording a 23.24% year-on-year increase in real GDP. This is also evidenced by the performance of the twelve commercial banks listed on the Nigerian Exchange (NGX). Wema Bank proved its mettle in the key metrics of total assets […]
WEMA Bank Reiterates Commitment To Customer Data Confidentiality
By Odjugo Benjamin The Wema Bank has assured its customers across the nation of its high commitment to data confidentiality. In a statement received by our correspondent, the bank said “Our attention has been drawn to recent reports of members of the public receiving text messages with account numbers. We implore members of the public […]
Bank demand deposits rise to N16.89tn in 3months —CBN
Figures obtained from the Central Bank of Nigeria on Wednesday showed that Bank’s demand deposits rose by N1.1 trillion in three months to N16.89 trillion as of the end of March. The apex bank said the figure, which stood at N15.81tn as of the end of January, rose to N16.17tn as of the end of […]
Ondo: Gov Akeredolu supports 1,000 businesses, sponsors CAC registration
Oluwarotimi Akeredolu, Governor of Ondo State has approved business support for striving small businesses within the state to improve their business Legal identity and compliance as well as provide their businesses with proper structure. This was disclosed by the CEO of the Ondo State Entrepreneurship Agency ONDEA, Dr Summy Smart Francis who also doubles as […]
NCC moves to disconnect fake, stolen phones from networks
Nigeria Communications Commission (NCC) has stepped up measures to disconnect all fake and stolen phones from the network. This will be implemented through the deployment of the Device Management System (DMS), a technology solution that will also allow the telecoms regulator to disconnect any phone flagged as stolen. The regulator will be leveraging the International […]
Flour Mills completes full acquisition of Honeywell
Bid by Flour Mills Nigeria Plc to acquire Honeywell Flour Mills has been consummated by both parties. This came as Flour Mills has obtained all required regulatory approvals to acquire a 71.69 per cent stake in Honeywell, formerly a portfolio company of Honeywell Group, and a 5.06 per cent stake in HFMP held by First […]
We’ve paid N416bn in taxes since 2016 – Nigerian Breweries
According to Chairman of the Board of Directors, Chief Kola Jamodu, the Nigerian Breweries Plc has paid N416 billion in taxes since 2016, making it the top tax-paying corporation in the manufacturing industry in Nigeria. Jamodu said the business paid N423.9 million in employee taxes, levies, and other fees to the Enugu State government in […]