Procedure For Recovering Money Mistakenly Paid Into Wrong Account

By Sam Okolie Due to mistake, carelessness and a plethora of other factors, people have transferred or paid money into accounts different from the one they intended to pay or transfer the money into. Most times, individuals who find themselves in this type of situation usually fall into hopelessness and helplessness owing to ignorance, and,…

July 11, 20200Comments

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Business

KPMG, PwC, Others Ordered To Separate Auditing From Consulting Services

The world’s four biggest audit firms —KPMG, PwC, Ernst & Young, and Deloitte — have been directed by the Financial Reporting Council (FRC) to plan towards separating their audit services from their consulting services. The deadline for compliance with this directive is June 2024. A statement that was published on the FRC website said this…

July 10, 2020593Comments

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Business News

NCAA Lifts Suspension on Airline

The Nigerian Civil Aviation Authority (NCAA) has lifted the suspension, which it placed on the services of Jet Support Services (JSS). The order voiding the suspension was communicated through a memo NCAA/DG/AIR/11/16/152 , dated July 4, 2020. The memo was entitled, “Re: Suspension of the G-Airport Leasing Operation of Your Organisation’s Operation Specifications”. Signed by…

July 10, 20200Comments

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Business News

Kaduna Refinery generated zero revenue in 2018, incurred 65bn loss – NNPC report

The Kaduna Refining and Petrochemical Company Limited (KRPC) generated no revenue in 2018, the first audited financial statements of the Nigerian National Petroleum Corporation (NNPC) after 43 years of its operation have shown. Details of the report showed that the refinery, however, incurred an operating loss of N64.5 billion, throwing up concerns over the continued operation of…

July 6, 20205Comments

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Business

EXPOSED: How Central Bank Of Nigeria Deliberately Prevents Naira From Appreciating Against United States Dollar

ne of the major reasons why the Central Bank of Nigeria has prevented financial institutions in the country from paying United States dollars to persons receiving money from friends and family members based overseas has been uncovered. The CBN, it was gathered, was warehousing the dollar component of remittances in foreign banks, thereby making it…

July 4, 20200Comments

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Business

You Can’t Ask Business Owners Not To Increase Prices When You’ve Raised VAT — Odinkalu Tells FG

An eminent human rights law, Prof. Chidi Odinkalu, has accused the federal government of raising charges on a variety of services but issuing orders to private operators to do otherwise. In a tweet on Thursday, the former chairman of the National Human Rights Commission (NHRC) said that it is wrong for the federal government to…

July 4, 20200Comments

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Business

Nigeria’s Diaspora: a key strength in attracting FDI

The Nigerian Diaspora can play a key role in attracting Foreign Direct Investment (FDI) to the country’s Free Zones in the post-Covid era. This assertion was made by Dr Badewa Adejugbe-Williams, the Coordinator of the Nigeria Diaspora Investment Summit (NDIS) at a webinar held recently. Speaking on the topic, “Attracting increased FDI to Nigeria's Free…

July 3, 20200Comments

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Business

‘Embrace crypto currency to eradicate poverty’, experts urge Nigerians

Experts have called on Nigerians to embrace crypto currency irrespective of government resistance, as the system would help eradicate poverty. They noted that the system provides a platform to curb corruption because every transaction is accounted for in the block chain. They made this call during the opening of The Billion Cion (TBC) office in…

January 6, 202090Comments

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Business

Nigeria spends $4 billion to import textiles yearly

The Nigerian Textile Manufacturers Association (NTMA) has said the country spends $4 billion annually to import textiles and readymade cloths. The Director-General of the Association, Mr Hamma Kwajaffa, said on Wednesday in Abuja that most of the imported textiles could be found at Kantin and Kwari in Kano and Balogun and Oshodi in Lagos. In a…

January 3, 20200Comments

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Business

Analysis – 2019: Nigeria’s stock market ends in red, 2020 offers hope

By Chinyere Joel-Nwokeoma (NAN) With no fewer than six days of trading before the year ends, it is almost certain that transactions on the Nigerian Stock Exchange (NSE) will close in the red zone. The outgoing year is, indeed, turning out to be yet another locust year for both local and foreign investors, due…

January 1, 20200Comments

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Business

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