Business

After receiving multiple sanctions against its financial system following the war against Ukraine, Russia has found an alternative. Visa and Mastercard joined the growing list of western financial companies that announced plans to withdraw from Russia. Looking for alternatives, the nation’s central bank said it has turned to China’s UnionPay …

Taxpayers who have outstanding foreign currency tax liabilities can now take advantage of the Federal Inland Revenue Service (FIRS) one-month window to settle these liabilities in Naira, with effect from the 1st of March, 2022, to 31st March, 2022, this is according to a Public Notice released by the Service …

Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine. The oil giant said in a statement that the decision to purchase the fuel at a discounted price was “difficult”. It confirmed that it had bought a cargo of Russian crude oil on …

Naira-Dollar Analysis Today Despite Higher Forex Reserves The naira remained under pressure across official and parallel markets despite continuing increase in Nigeria’s foreign exchange (forex) reserves. The naira depreciated by 0.2 per cent at the official Investors and Exporters (I & E) Window and fell further by 0.5 per cent …

The Nigerian National Petroleum Company Limited on Wednesday explained that one of the key reasons modular refineries in Nigeria were not producing Premium Motor Spirit, popularly called petrol, was because of the regulated pump price of PMS by government. A modular refinery is a simplified refinery requiring significantly less capital investment …

Onyekachi Christian Humphrey An Embodiment Of Kindness, Champion Of Philanthropy — Group A entrepreneurial group, Federation of Small Scale Business Owners, FSSBO, Ideato local government chapter Imo State has extolled a business mogul and philanthropist, Onyekachi Christian Humphrey for being a leading light in the advancement of good life for …

While Seplat Energy Plc, a major energy company in Nigeria, has agreed to buy the shallow-water assets of ExxonMobil in the country, the crucial green light from the Nigerian National Petroleum Company Limited (NNPC) could come at a heavy cost. Mele Kyari, the group managing director of NNPC, has said …

The Executive Chairman of the Federal Inland Revenue Service, (FIRS) has received encomiums from the Global Economic Policy Initiative (GEPIn) for what the group describes as “fiscal prudence over the affairs of the FIRS, and ensuring maximum efficiency with minimal resources.” In a statement shared to the media by the …

UK-listed depositary receipts of Russian companies are evaporating in value as sanctions take effect. The Dow Jones Russia GDR Index, which tracks London-traded Russian companies, has plunged 98% in two weeks. The slump has wiped out $572 billion (£430 billion) from the market value of 23 stocks, including Gazprom, Sberbank …

In celebration of the one-year anniversary of the “Waste in the City” initiative, – a community-based recycling programme funded by the Coca-Cola Foundation, the Statewide Waste and Environmental Education Foundation (SWEEP) has called on the government, corporate organizations, and citizens to recalibrate their lifestyles to promote environmental sustainability for a …