Business

…Insists Tax Evaders Risk Prosecution, Seizure of Properties The Minister of Finance, Mrs. Kemi Adeosun, on Saturday confirmed that the Federal Government was currently reviewing the requests by the States and Private Sector for an extension of the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS). The tax amnesty programme, which expired on Saturday, offered a nine-month …

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On March 16th 2018, the online lifestyle network powered by the United Bank for Africa, REDTV, held an exclusive screening for season 2 of the hit series, Inspector K , at Filmhouse Cinema in Lekki, Lagos. Inspector K is a crime comedy about a wacky inspector who through unconventional ways solves crimes in the city of Lagos. He is supported by …

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Many residents of Lagos are groaning as a result of the vehicular restriction on major roads in the state, compounding the traffic gridlock in the metropolitan city. The roads were blocked because of President Muhammadu Buhari’s two-day visit to the state. As part of measures to control the traffic situation, the Lagos state government declared Thursday a work-free day. It …

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In an unexpected twist, the National Assembly, yesterday, passed the harmonised version of the Petroleum Industry Governance Bill (PIGB) and imposed a five per cent fuel levy on fuel sold to Nigerians across the country. According to lawmakers, the five per cent would be used to finance the Petroleum Equalisation Fund (PEF), as established under the bill. Section 36 (1) (a) …

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Wema Bank Plc has announced its signing of a credit line agreement with the African Development Bank (AfDB) to grow financial support to small and medium scale businesses in Nigeria. According to a statement from the bank, the AfDB had already disbursed the $15 million agreed with the multilateral development finance institution. In addition, the bank said it also secured …

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In line with its commitment to reward excellence and high performance, Pan-African financial institution, United Bank for Africa (UBA) Plc, has announced the promotion and elevation of about 2000 of its work force, representing about 17% of total staff strength across the group. This is in recognition of the remarkable contribution the staff members have made to the bank’s business …

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The United Bank for Africa (UBA) Plc on Tuesday announced that its London subsidiary has obtained regulatory permission to carry out wholesale banking activities in the United Kingdom. Following the authorisation, a statement from the bank stated that UBA is now the only African bank to conduct banking activities in New York and London, as well as in 20 other …

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Jaiz Bank, Wema Bank and SunTrust Bank on Tuesday signed a Memorandum of Understanding (MoU) and secured a $50 million from Islamic Corporation for the Development of the Private Sector (ICD) for lending to small and medium scale business on profit sharing basis instead of the normal banking interest-based system. The signing ceremony was held in Lagos on the occasion …

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Unity Bank Plc has for the umpteenth time reiterated its position that it had not received $1 billion investment from Milost Global Inc. The clarification, according to the bank, was in view of misinformation in some sections of the media pertaining the Milost’s interest. According to a statement on Wednesday March 28, 2018, which was made available to nationalwire, the …

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Photo Caption: From Left: Mr. Uaboi Agbebaku, Company Secretary/Legal Adviser, Nigerian Breweries Plc; Mr. Kufre Ekanem, Corporate Affairs Adviser, Nigerian Breweries Plc; Tinuade Awe, Executive Director, Regulation, The Nigerian Stock Exchange (NSE); Mr. Jordi Borrut Bel,  Managing Director/CEO, Nigerian Breweries Plc; Mrs. Grace Omo-Lamai, Human Resource Director, Nigerian Breweries Plc; Mr. Franco Maria Maggi, Marketing Director, Nigerian Breweries Plc and Tony …

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