The Kano State Internal Revenue Service (KIRS) on Tuesday sealed five branches of Guaranty Trust Bank (GTB) over tax evasion. This made many customers of the bank to be stranded. The closure of the popular bank, according to the agency, is in line with an order issued by Kano State High Court over the bank’s…
The undulating downward movement of the naira against other foreign currencies has left in its trail, hardship, failing businesses, loss of jobs in its trail, The Nation reports High as the dollar/naira exchange has climbed, there are fears that the tally might climb higher. Going by the persistent free fall of the naira against major…
The naira has further plunged from 487 on Friday, trading to 495 to the United States dollar in the parallel market. The local currency was traded for 487 on Wednesday after it has remained at 483 for some days ago but on Friday rises to 495 at parallel market per dollar. Recalled the CBN has…
ShopRite Nigeria, a South African company has debunked the story making the rounds that it intends to close shops in Nigeria. The Country Director for Chastex Consult, Ini Archibong revealed this in a telephone conversation with Vanguard, he said: “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors which we have…
A Nigerian man identified as Emmanuel Anenih has taken MTN to Court for unlawfully deducting 50 naira from his airtime in the name of unsolicited caller tunes he never subscribed to. An Abuja High Court however found MTN guilty and ordered it to pay Emmanuel 5,000,000 for disturbing his peace and another 500,000 for legal…
OPay, a provider of payment, ride-hailing, food delivery and loan services, has been given approval by the Central Bank of Nigeria (CBN) to commence international money transfer. With the approval, OPay will start facilitating remittance B2B, B2P and P2P remittance services into Nigeria. This is coming on the heels of the earlier announced $50 million…
Oyo State Government has ordered illegal occupants at Agbowo Shopping Complex to vacate the place as renovation of the complex would begin soon. The illegal occupants have been occupying the shopping complex without paying rent to the state Government since 2012. The State Commissioner For Lands, Housing and Urban Development, Barr Abiodun Abdu-Raheem who was…
In its bid to ensure hygienic and healthy meat for consumption, Oyo state Government has concluded plans set to open three more modern abattoirs. The State Commissioner for Agriculture and Rural Development, Honourable Ojemuyiwa Jacob Ojekunle disclosed this in his address at A One Day Symposium organized by the Nigerian Veterinary Medical Association, Oyo State…
…advise FG to issue Executive Order to arrest culprits From WOLE BALOGUN, Ado-Ekiti Nigeria is said to have lost over 300,000 jobs and one million steel to to high rates of smuggling, importation of substandard products, alleged conspiracy and connivance among relevant agencies. A group of experts, Social Integrity Network (SINE), have made the disclosure….
Oyo state governor, Engr Seyi Makinde has vowed that before the first quarter of 2020, the state would have become the major investors’ destination in Nigeria saying this will be possible as the state will partner with Nigeria Investment Promotion Commission (NIPC), Nigerian Maritime Administrative and Safety Agency (NIMASA) and the Development Agenda for Western…
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