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Thinking Ahead With Accountants By Dolapo Aina

January 6, 2020 Omoniyi Osadare 0

The ACCA which stands for Association of Chartered Certified Accountants was founded in 1904. It is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). ACCA’s headquarters are in London with a […]

Business

Nigerians To Pay More For Power As NERC Directs DisCos To Increase Tariff

January 5, 2020 Omoniyi Osadare 0

Nigerians will now pay more for electricity as the Nigerian Electricity Regulatory Commission (NERC) has directed the 11 electricity distribution companies (DisCos) to increase their tariff from January 1. James Momoh, NERC chairman, and Dafe […]

Business

UBA Promotes 5,000 Staff, Employs Another 4,000 | TheCable

January 5, 2020 Omoniyi Osadare 0

The United Bank for Africa (UBA) says it has increased its staff strength by 4,000 and promoted 5,000 of its existing staff. In a statement announcing the promotion, the bank said it also crashed its […]

Business

State of The Nigerian Economy On The First Trading Day of 2020 By Mayowa Tijani

January 4, 2020 Omoniyi Osadare 0

This is the year 2020 we spoke of many years ago — the year Nigeria set to be one of the top 20 economies in the world. President Muhammadu Buhari and his party, the All […]

Business

AMCON: Between Reviving And Killing Businesses By Dan Amor

January 2, 2020 Omoniyi Osadare 0

If the statutory meaning of AMCON is Asset Management Corporation of Nigeria, its practical, individualistic meaning is Asset Mismanagement Consortium of Nigeria. The reason is not farfetched. Established by an Act of the National Assembly […]

Business

ALERT: From March 31, DisCos Won’t Accept Cash Payment For Electricity Bills By Taiwo Adebulu

January 2, 2020 Omoniyi Osadare 0

The federal government has ordered electricity distribution companies (DisCos) to adopt electronic platforms for the payment of energy bills across the country. The Nigerian Electricity Regulatory Commission (NERC) said the move is to reduce the […]

Business

How Plantain Can Boost Food Security, Farmers’ Income By Femi Ibirogba

December 30, 2019 Omoniyi Osadare 0

Scientists and agricultural extension researchers have said root, tuber and plantain farmers can make greater returns on their investments, prevent post-harvest losses and contribute to all-year-round food availability and security with value addition using simple […]

Business

INTERVIEW: We Want More Nigerian Investors In Rwanda, Says Speaker of Parliament By Tope Ajayi

December 30, 2019 Omoniyi Osadare 0

Donatille Mukabalisa, 59, is speaker of Rwandan parliament and leader of the opposition Liberal Party. In this interview with Temitope Ajayi in Kigali, she said her country is leading the world in area of gender […]

Business

PremiumTimes: Cost of Doing Business In Nigeria To Rise In 2020 – Report

December 28, 2019 Omoniyi Osadare 0

The Lagos Chamber of Commerce and Industry (LCCI) has projected a high cost of doing business in 2020. Muda Yusuf, the LCCI Director-General, made the projection in the LCCI 2019 Economic Review and Outlook For […]

Business

Michel Puchercos Resigns As Lafarge MD — To Now Head Dangote Cement

December 26, 2019 Omoniyi Osadare 0

Michel Puchercos, the former managing director of Lafarge Africa, has been announced as the new managing director of Dangote Cement Plc. In a statement released on December 20, Lafarge had notified the investing community that […]

Banking

PMNews: N50 Surcharge On POS Transaction Illegal: CBN

December 24, 2019 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) said the N50 being charged Nigerians who use Point of Sale (POS) machines for transactions, is a misinterpretation of its directive by rogue merchants. CBN Director of Payment System […]

Business

Presidency: We Had To Remove Fowler To Improve Revenue Generation

December 23, 2019 Omoniyi Osadare 0

Garba Shehu, senior special assistant to the president on media and publicity, says Babatunde Fowler’s tenure as executive chairman of the Federal Inland Revenue Service (FIRS) was not renewed because of his inability to generate […]

Business

CBN: N50 POS Charge To Be Paid By Businesses NOT Customers | TheCable

December 23, 2019 Omoniyi Osadare 1

The Central Bank of Nigeria (CBN) has urged customers not to pay N50 charge to businesses for using point of sale (POS) machines. Musa Jimoh, a director in CBN’s payment system management department, explained the […]

Business

BREAKING: CBN Slashes Electronic Transfer, ATM Withdrawal Charges By Babajide Komoloafe

December 23, 2019 Omoniyi Osadare 1

The Central Bank of Nigeria (CBN) has reviewed downward electronic transfer and ATM fees as well as card maintenance fees. The new charges were contained in the latest Guide to Charges by Banks and Other […]

Business

Nigeria’s Decision To Delay Signing Africa Trade Agreement Best – Buhari

December 22, 2019 Omoniyi Osadare 0

Nigeria’s decision to delay the signing of the African Continental Free Trade Area Agreement (AfCFTA) was the best decision, President Muhammadu Buhari said on Friday. The president was speaking at the inauguration of the National […]

Business

Sunti Estates Remains Only Greenfield Investment Producing Raw Sugar, Says Paul Gbededo

December 18, 2019 Omoniyi Osadare 0

To support the Federal Government of Nigeria’s import substitution, backward integration and local content development aimed at ensuring food security and a host of other economic benefits, Sunti Golden Sugar Estates, a subsidiary of Flour […]

Business

Aliko Dangote forecasts $30b Revenue, 88% of Nigeria’s 2020 Budget

December 15, 2019 Omoniyi Osadare 0

Africa’s richest man, Aliko Dangote has projected an exponential growth in the revenue of his conglomerate from the present $4billion yearly to $30 billion in 2021. The projected revenue is 88 per cent of Nigeria’s […]

Business

FIRS Workers Threaten Strike Over Fowler’s Handover To Aina

December 11, 2019 Omoniyi Osadare 0

Workers of the Federal Inland Revenue Service on Tuesday faulted the decision of the immediate past Chairman of the FIRS, Mr Babatunde Fowler, to hand over to the Coordinating Director, Domestic Taxes Group, Abiodun Aina. […]

Business

Border Closure: Onion Going The Way of Rice By Gbenga Akinfenwa

December 1, 2019 Omoniyi Osadare 0

Regardless of whatever benefits the Federal Government claims the land borders closure is accruing to farmers, observations have shown that the policy has also exposed the country’s inadequacies in the area of food production. As […]

Business

Punch: Cows In Russia Wear Headsets To Increase Milk Production

November 30, 2019 Omoniyi Osadare 0

In an attempt to reduce cows’ anxiety and hopefully increase their dairy production, a cattle farm in Moscow’s Ramensky district has equipped its herd with specially-designed virtual reality headsets. Research has shown that there is […]

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