Target Refunding Almost $90 Million Over Fake Egyptian Cotton Sheets
Target Corp. is refunding millions of dollars worth of sheets after finding a textile supply company was pawning off phony fabrics as luxurious Egyptian-cotton. Approximately 750,000 sheets and...
View ArticleClinton, Kaine Promise Tax Breaks, Other Measures for Small Businesses
Hillary Clinton’s campaign pushed a package of tax breaks and other initiatives Tuesday aimed at making it easier for small businesses to get started and continue operating — part of a bid to cast the...
View ArticleBanks’ sanction deals heavy blow on Naira
The Naira on Wednesday dipped further against the dollar at the parallel market, the News Agency of Nigeria reports. The Nigerian currency exchanged at about N400 on Wednesday afternoon, from N397 it...
View ArticleCBN re-admits UBA into Forex Market
The Central Bank of Nigeria has re-admitted the United Bank for Africa Plc into the Foreign Exchange Market effective from Thursday. This was contained in a statement signed by the Director of Banking...
View ArticleWhy we are withholding NNPC/NLNG dollar funds – FirstBank, FCMB, others
Some banks on Wednesday clarified their positions on their suspension from the foreign exchange market by the Central Bank of Nigeria over alleged non-remittance of the Nigerian National Petroleum...
View ArticleForte Oil, NB Plc lead as Nigerian equity market records growth
Activities at the Nigerian Stock Exchange on Wednesday ended on a positive trend with market indicators rebounding by 0.25 per cent. The News Agency of Nigeria reports that the All-Share Index recorded...
View ArticleLIRS again seals Protea Hotel over N11.07m tax fraud
The Lagos State Internal Revenue Service (LIRS) has sealed Protea Hotel, close to Kuramo Waters, over alleged failure to remit N11.07 million personal income taxes deducted from workers’ salaries. Mrs...
View ArticleMAN lauds CBN’s 60% forex concession to manufacturers
The Manufacturers Association of Nigeria (MAN) yesterday, described the Central Bank of Nigeria (CBN)’s 60 per cent foreign exchange concession to its members as a welcome development that will aid...
View ArticleOPS demands review of foreign exchange policy
The Organised Private Sector (OPS), yesterday demanded that the Central Bank of Nigeria (CBN) must review its policy on the 41 items restricted from the official foreign exchange market. They said that...
View ArticleSEC proposes rule on unclaimed dividend
Pursuant to the provisions of Section 313(1) (n) of the Investments and Securities Act (ISA) 2007, the Securities and Exchange Commission has proposed rule on application of 12 years and above on...
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