The N10.59 trillion budget, which will be signed by the president at 3.30p.m., is N264 billion higher than the N10.33 trillion estimates presented by the president in October. It is made up of N4.84 trillion allocation for recurrent expenditure, N2.46 trillion for capital expenditure, N2.72 trillion for debt servicing, fiscal deficit of N2.28 trillion and … Continue reading Buhari Signs 2020 Budget Today
UK-educated Wang Sicong, the only child of mega-rich property magnate Wang Jianlin, and the heir to his estimated $12.5 billion fortune has been banned enjoying ultra-rich lifestyle. This means he’s forbidden from flying first class, buying luxury goods, taking high-speed trains and going on holiday after refusing to pay debts, according to a district court … Continue reading Chinese billionaire’s son banned from flying first class after refusing to pay $21.6 million debt
In a press release sent to the Herald which was signed by Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, First Bank, while recognising the bank’s commitment and leading role at providing bespoke financial services to its customers and the public in general, through its numerous state of the art and innovative financial products and services, First … Continue reading First Bank bags Nigeria’s Best Private Bank
Nigeria has one of the highest company income tax rates globally which is a disincentive for business growth, Tax leader, PwC Nigeria, Taiwo Oyedele has said. According to Oyedele, Nigeria is in the top 10 in the world, for highest income tax rate. “We pay Company Income Tax, CIT 30 per cent, education tax, 2 … Continue reading Nigeria’s Company Income Tax Amongst Highest In The World
Dressed in all-black, the retirees bemoaned that the state government had abandoned them to die in hundreds, after serving the state with their lives. In a release made available to newsmen during the protest, the retirees led by Deacon Amaugo Daniel (chairman) and Chief Okezie Emeka (secretary) for the Concerned Abia Pensioners, they also alleged … Continue reading Abia pensioners protest non payment of 32 months pension
Justice Chuka Obiozor made the order on August 8, 2019, in a ruling. The order was under an ex-parte application, brought before the court by AMCON and UBA. The defendants in the suit are Stonehedge Investment Limited, Mr. Duke and Mrs. Owanari Bob-Manuel Duke, respectively. The applicants had prayed the court for “An order of … Continue reading N537.3m debt: AMCON takes over Donald Duke’s Ikoyi house
AKWA IBOM STATE GOVERNMENT, CLEMENT ISONG FOUNDATION SET TO LAUNCH BIOGRAPHY OF THE LATE DR. CLEMENT NYONG ISONG . Arrangements are in top gear for the public presentation and official launch of the biography of the second indigenous Governor of the Central Bank of Nigeria, CBN, and first Civilian Governor of the old Cross River … Continue reading CLEMENT ISONG on N1,000 Note To Be Honoured After 35 Years
Just like the previous version, participants are to register, invest a particular amount in the form of “providing help” and “get help” with their investment and interest back after 30 days. Notorious Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope of over three million Nigerians in 2017, is back. The new version … Continue reading Nigerians Excited As MMM Returns
Over 211 million Pounds, belonging to late Head of State, General Sani Abacha, have been seized from a Jersey bank account, according to latest reports. According to the reports, General Abacha allegedly laundered money through the US into the Channel Islands and the funds had been lodged in accounts held in Jersey by Doraville Properties … Continue reading Abacha’s loot discovered in Channels Island
The Economic and Financial Crimes Commission, EFCC, has arraigned the registered trustee of Micheno Multi-purpose Cooperative Society, Mr. Uno Michael Eke before Justice Simon Amobeda of the Federal High Court, sitting in Calabar, Cross River State, on a separate 74-count charge, for allegedly obtaining over N320 million (Three Hundred and Twenty Million) by false pretence … Continue reading Ponzi Scheme: Micheno Boss To Remain In Prison Over N320m Fraud Charge
Kenya's President Uhuru Kenyatta has announced that the country's currency is to be replaced with a new generation of banknotes. Kenyans must return their 1,000 shilling ($10; £8) notes to banks by 1 October, in a bid to fight money laundering, counterfeits and corruption. New currency is to be brought in over the coming months with other denominations being phased out gradually.
The Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) says it has recovered about N118 million from two commercial banks in the country. The panel’s Head, Media and Communication, Ms Lucie-Ann Laha made this known in a press statement in Abuja on Tuesday.
The Naira, yesterday, depreciated to N359 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators (ABCON), the parallel market exchange rose to N359 per dollar from N358.7 on Tuesday, translating to 30 kobo depreciation of the Naira.