Premium malt drink, Malta Guinness was the official malt drink partner at the Taste of Ibom festival, a 1-day food festival in the heart of Akwa Ibom, where guests were treated to fine delicacies, culture and a holistic nourishing experience. Taste of Ibom was designed to celebrate the colors and …
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Businesses, including banks and schools, opened on Monday as the sit-at-home order by the indigenous Peoples of Biafra(IPOB) eased off in Imo State one month after. Our correspondent, who monitors the situation, reports that while vehicles flooded the roads in all parts of the State, buses rendered intra city services …
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The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m (N90billion) in May 2021, representing 180.29% increase in sales from the previous month of April. Similarly, the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the NNPC, posted a total …
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In the quest to close the housing deficit in the country, Vice President Yemi Osinbajo, SAN has tasked financial market experts to support the government’s efforts by developing an appropriate housing finance model that will significantly transform the housing sector on a large scale. Prof. Osinbajo stated this on Monday …
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Binance is apparently facing more pressure from regulators over possible abuses at its cryptocurrency exchange. Bloomberg sources said US officials have expanded their probe of Binance to include possible insider trading and market manipulation. The company hasn’t been accused of wrongdoing, but Commodity Futures Trading Commission investigators have reportedly inquired …
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The four biggest global audit firms earned a whopping N6.13 billion from 11 Nigerian banks as audit fees for 2020, a review by Newsextra24 shows. The big four are PricewaterhouseCoopers (PWC), Deloitte, KPMG and Ernst & Young. Data from banks’ corporate reports show that the amount was earned as the …
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The Central Bank of Nigeria has vowed to engage financial crime fighting agencies to pursue fraudsters who have been deceiving the banks with fake documents to buy forex at cheap rates and sell at higher rates at the black market, Newsextra24 reports Eight weeks after the Central Bank of Nigeria …
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Forex companies share list of suspicious transactions with apex bank Amid desperate moves by the Central Bank of Nigeria to sanitise the forex market and halt the naira’s free fall, the Association of Bureaux De Change Operators of Nigeria says it has begun sharing suspicious transactions by its members with …
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Strong Indications have emerged that the attempt by the Federal Inland Revenue Service to have the exclusive powers to collect Value Added Tax has stalled at the National Assembly. Investigations by our correspondent revealed that the two chambers of the federal parliament would not debate the controversial issues of the …
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Jolted by two consecutive investigative reports by Newsextra24 x-raying procurement irregularities and sophisticated corruption of due process at the Nigerian National Petroleum Corporation (NNPC), the presidency this week summoned the Corporation’s Group Managing Director (GMD), Mele Kyari, to the Villa. The GMD was summoned to explain how, under his watch, …
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