Etisalat Nigeria
Abu Dhabi’s Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International told Reuters on Monday. Nigerian regulators intervened last week to save the company from collapse after talks with its lenders to renegotiate a $1.2 billion loan failed. All UAE shareholders of...
The naira on Tuesday gained further grounds against the US dollar as it closed at N457 at the black market, after the Central Bank of Nigeria (CBN) sold a total of $195 million in forwards. BusinessDay prices checks show that naira traded at N457 per dollar at the Lagos international airport and Apapa respectively. At the Festac area of Lagos, the foreign...
CAC
The Registrar-General, Corporate Affairs Commission (CAC), Mr Mahmud Bello, says the commission has started operating 24 hours company registration process to make startup of business easier in Nigeria. Bello said this at the CAC Customers’ Forum in Kano, organised in collaboration with the Presidential Enabling Business Environment Council (PEBEC). The registrar-general made this known in a statement on Tuesday in Abuja He...
Bitcoin
      The price of  bitcoin could hit $3,000 by the end of the year after recently, and hitting a fresh record high, an analyst told CNBC on Tuesday. A rise on this scale would represent a near 150% increase from bitcoin's current price of $1,204 at the time of publication, and a more than 130 percent increase from the fresh...
Dammy Krane
US Private Jet Company, Tapjets, has alleged that Nigerian singer, Dammy Krane, used stolen credit card numbers to book one of its planes. Dammy Krane was arrested by the police in Miami, US for grand theft and credit card forgery on Friday, alongside one Chukwuebuka Gabriel Ilochonwu. His details have since been published on jailbase.com and a bond of $17,500 has been...
fraudster
A suspected fraudster, John Eze, has been arrested by the Zone 2 Police Command, Onikan, Lagos State, for allegedly defrauding a Bureau De Change operator, Ismaila Ali, in Ikoyi area. It was learnt that 34-year-old Eze had approached Ali sometime in January 2017, to exchange the sum of $7,000 for the naira equivalent.Ali was said to have paid Eze N3,451,000,...
HOW IT WORKS! FillYaTank Mobile Application is a crowdsourcing application, built to assist Nigerian’s save money and time buying Petroleum products (Petrol, Diesel, Kerosene and Gas). With FillYaTank mobile application we can build a community that help each other save money and time on petroleum product by reporting prices and availability. So play the game of “Spotting” reporting prices and...
The yearning for regional tourism economy collaboration between stakeholders in ECOWAS to enhance economic development and business advancement has finally reared its positive head in Cotonou, Republic Du Benin on Sunday, 6 January, 2018 In a formal ceremony held at Benin Royal Hotel, Cotonou, tourism stakeholders from Nigeria and Republic Du Benin agreed to collaborate in what tourism observers described...
CBN
CBN had earlier announced new charges on deposit and withdrawals above a threshold of N500,000. The apex bank had directed banks to charge 5% and 10% for deposits and withdrawals above N40m in the corporate category. The bank had fixed 1.5% and 2% for deposits ranging from N500,000 and N1 million in the individual category. But in the circular signed by...
tax
A major crackdown on tax evaders is on the way, Finance Minister Kemi Adeosun said yesterday. They will be named and shamed – in a desperate move to improve the tax to Gross Domestic Product (GDP) ratio and expose evaders. The minister, who spoke at the end of the 2017 IMF/World Bank Spring Meetings in Washington, said Nigeria has the worst...

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Destination Oudah

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