The Federal Inland Revenue Service (FIRS) has disclosed why it developed a portal called Deposit Money Banks (DMBs). It said this was done as part of efforts to provide information of corporate customers’ transactions above ₦10 million and individuals above ₦5 million and this initiative was awarded the International Standard Organization …
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Labour says $9.5bn wasted on refineries, lists conditions for fuel subsidy removal
Key labour unions in Nigeria met on Tuesday in Abuja where they outlined the conditions the Federal Government must meet before it would be allowed to stop subsidising Premium Motor Spirit, popularly called petrol. Officials of the Trade Union Congress, Nigeria Labour Congress, Petroleum and Natural Gas Senior Staff Association …
Read More »Amaku Pinnick, NFF president assures Coca-Cola on rights protection
Pinnick (middle) with Olajide (right), Onyemelukwe (left), Adeniba (second left) and Omoigui (second right) In the wake of incidences of blatant ambush marketing and intentional deceptive advertising by some businesses, targeted at illegitimately identifying with the Super Eagles and the team’s campaign at the 33rd Africa Cup of Nations …
Read More »GTB Vs Innoson: Supreme Court Rules In Favour Of GTB In N2.4bn Debt Case
The Supreme Court has ruled in favour of Guaranty Trust Bank after it reversed its earlier decision which dismissed an appeal by GTB against a N2.4bn judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal in Ibadan, Oyo State. A senior official of GTB, who …
Read More »Man Accuses Davido & His Manager Of Fraud (Video)
Nigerian man has sparked reactions on Instagram after he claimed to have been scammed by Nigerian award-winning music star, David Adeleke, a.k.a Davido, and his manager, Asa Asika. In the viral video, the young man said he gave N150, 000 to Davido’s manager, Asa Asika, who then gave him a …
Read More »IELTS: UK Money-Spinning Venture Rips Off Nigerian Visa Applicants
THE photos of Tunde Omotoye, Fola Aina and Dipo Awojide are widely circulated on Twitter and LinkedIn as they were offered a one-year sponsorship deal with the International English Language Testing System (IELTS) as brand ambassadors. Their selection ticks off all the boxes for a model intellectual with a Gen …
Read More »Obi Cubana Shows Off The First Club He Built In 2006 (Photos, Video)
Nigerian businessman, Obi Cubana has pledged to show the businesses earning him a living this year. In the spirit of that, he has showed off the first-ever club he built in Abuja. He revealed that he built the club in 2006, over 15 years ago. He wrote: “The first EVER …
Read More »Twitter Ban: Nigeria Lost N10.72 Trillion – LCCI
The Lagos Chamber of Commerce & Industry (LCCI) has provided an insight on the huge losses incurred during the seven-month shutdown of twitter operation in Nigeria. In a press statement on Friday, the Director-general of LCCI, Chinyere Almona put the total lost incurred at a whopping N10.72 trillion ($26.1billion). The …
Read More »Obi Cubana POS’ Stand Spotted In Lagos (Photo)
A POS Stand named after popular billionaire businessman, Obi Cubana, was spotted at Yaba, Lagos, Newsextra24 reports. See photo below.
Read More »NLNG Suspends Cooking Gas Export, Channels All Supplies To Domestic Market
The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent of the Liquefied Petroleum Gas (butane and propane) produced by the company to the Nigerian market. The NLNG said in a statement that it would prioritise the domestic market for …
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