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Ponzi scheme promoters risk 10-year jail term as capital market bill passes second reading at house of reps

    Ponzi scheme promoters risk 10-year jail term as capital market bill passes second reading at house of reps

A bill seeking to prohibit Ponzi and Pyramid schemes has passed the second reading at the house of representatives. In recent years, financial regulators have expressed concerns over unlawful schemes. In

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DMO: Nigeria’s bond issuance oversubscribed by N139 billion

    DMO: Nigeria’s bond issuance oversubscribed by N139 billion

The Debt Management Office (DMO) says the country’s January bond issuance valued at N214.05 billion ended with an oversubscription of N139 billion. The debt office disclosed in the FGN bond

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UNCTAD: Foreign direct investment to Africa rose by 147% in 2021

    UNCTAD: Foreign direct investment to Africa rose by 147% in 2021

Foreign direct investment (FDI) into Africa showed a strong rebound in growth of 147 percent to an estimated $97 billion compared with $39 billion in 2020. The United Nations Conference

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FIRS: We’ll ensure 100% automation of tax administration processes in 2022

    FIRS: We’ll ensure 100% automation of tax administration processes in 2022

Muhammad Nami, executive chairman, Federal Inland Revenue Service (FIRS), says the agency will achieve 100 percent automation of all its tax administration processes in 2022. Johannes Wojuola, special assistant to

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EFCC grills Ahmed Kuru, AMCON MD, over corruption allegations

    EFCC grills Ahmed Kuru, AMCON MD, over corruption allegations

The Economic and Financial Crimes Commission (EFCC) is quizzing Ahmed Kuru, managing director of the Assets Management Corporation of Nigeria

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Rasheed Bolarinwa elected as ACAMB president

    Rasheed Bolarinwa elected as ACAMB president

Rasheed Bolarinwa, head, corporate communications, Polaris bank, has been elected president of the Association of Corporate Affairs Managers of Banks

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Naira depreciates as banks shift BTA/PTA rates to N419 per dollar

    Naira depreciates as banks shift BTA/PTA rates to N419 per dollar

The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and business travel

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Aviation threat: We’ll ensure safe operation of 5G in Nigeria, says Danbatta

    Aviation threat: We’ll ensure safe operation of 5G in Nigeria, says Danbatta

Umar Danbatta, executive vice-chairman and chief executive officer (CEO) of the Nigerian Communications Commission (NCC), has reassured the public of

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Lagos ‘completes purchase’ of two Talgo trains originally designed for US city

    Lagos ‘completes purchase’ of two Talgo trains originally designed for US city

Babajide Sanwo-Olu, governor of Lagos, on Tuesday, visited the factory of Talgo Inc, a train manufacturer, in Milwaukee, to attend

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Oracle opens first data centre for cloud computing in Africa

    Oracle opens first data centre for cloud computing in Africa

Oracle, a cloud infrastructure firm, says it has opened a data centre in South Africa — its first cloud region

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