Dissatisfied with the judgement, On January 27, 2021, IEC filed a petition to vacate the Award in New York state court but the court rejected IEC’s arguments. “In short, due to the strong deference owed to the decisions of arbitrators, the Court is compelled to reject IEC’s arguments and confirm[Read More…]
Author: Godwin Anyebe
Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months
Amid an economic downturn and rising inflation, the tax burden on Nigerians in the first nine months of 2022 increased by N285.13bn. This is as Nigerians paid N2.01tn in indirect taxes in the period under review, a 16.57 per cent increase from the N1.72tn paid in the corresponding period of[Read More…]
Emefiele Says Nigeria’s Inflation May Drop To Below 15% Next Year
The Central Bank of Nigeria is targeting a drop in the country’s inflation rate to less than 15 per cent by end-2023. The governor of the apex bank, Godwin Emefiele, stated this at the 57th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos[Read More…]
Experts says no scientific proof that Linked Ajinomoto to health issues
Food experts and researchers have said that there is no scientific proof to show that consuming AJI-NO-MOTO® Umami food seasoning is associated with any health issues, urging consumers to disregard unfounded rumour about the Japanese product. The experts reiterated that AJI-NO-MOTO® is safe for consumption and that it has lots[Read More…]
Shell to Commence Production of 225 000bpd
Shell Nigeria Exploration and Production Company Limited has announced that its 225,000 barrels per day Bonga Floating Production Storage and Offloading vessel is set to begin production to boost Nigeria’s crude oil output. SNEPCo in a statement said it had completed maintenance on the FPSO, which was shut down a[Read More…]
The Standards Organisation of Nigeria says the country is experiencing insecurity and restiveness due to the shutdown of industries which has worsened the unemployment rate. A statement quoted the Director General of SON, Mallam Farouk Salim, to have said this on Thursday in Lagos, noting that industries were suffering from[Read More…]
NEF Says Resuscitation Of Ajaokuta Steel Others Necessary to Boost Economy
The Nigeria Entrepreneurs Forum (NEF) has called for the resuscitation of Ajaokuta Steel Complex and Ikot Abasi Aluminum Smelting Plant to increase productivity and boost economy. The NEF president, Dr Sidney Igbinedion, made this known during his paper presentation on the actualization of the objectives of the real sector in[Read More…]
Interswitch Wins Best Practices Award, Ranked in Top-5 ‘Best Companies to Work For’
Interswitch, Africa’s leading integrated payments and digital commerce company, has received the ‘Best in Delivering Impactful Organizational Values’ award at the 2022 edition of the ‘Best Companies to Work for’ awards ceremony, organized by global research, consulting and training firm, Great Place to Work. In addition to the award, Interswitch[Read More…]
Parthian Partners wins Inter Dealer Broker of the year, lauded for pioneering IDB model in Nigeria
Parthian Partners Limited, Nigeria’s first interdealer broker and founder of i-invest, the first fixed income investment app in Nigeria, has won the BusinessDay Banks and Financial Institutions (BAFI) Awards for the ‘Interdealer Broker of the Year 2022’ in recognition of its impact and contribution to the overall growth and stability[Read More…]
Relish in Cold Stone’s Biggest Ever Black Friday 50% Deal!!
Yayyy!!! Cold Stone is here again with all the fun and laughter to bring delight to all ice cream lovers keeping them expectant for more deliciousness and sweet sensational scoops of ice cream. To bring enjoyment to life and keep the moment fresh with fun and excitement, Cold Stone has[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]