The International Fiscal Association (IFA) has thrown its weight behind Nigeria for refusing to endorse the Organization for Economic Cooperation and Development (OECD) G20 inclusive Framework two-pillar solution to the taxation of the digital economy, saying it will be an infringement on Nigeria’s sovereignty. The Federal Inland Revenue Service (FIRS) had last month said Nigeria’s…
Ripples Nigeria quarterly ranking for best performing commercial banks operating in Nigeria is determined by the growth of the financial institutions’ Net Interest Income within three months, with that of Q1 falling between January to March. Net Interest Income is the balance from turnover of interest-bearing assets, such as corporate, personal and other type of…
Strategic investment and asset management firm, Odu’a Investment Company Limited, has said that the company recorded a 102 per cent growth in its operating profit for the year, ended 2021. The Board Chairman, OICL, Dr. Segun Aina, stated this at the 40th Annual General Meeting of the company held in Lagos on Wednesday. He said…
As part of its efforts to preserve the environment for sustainable living and stimulate plastic waste management in Nigeria, the Coca-Cola System comprising Coca-Cola Nigeria, Nigerian Bottling Company (NBC) and Chi Limited through its Employee Volunteer Scheme known as “JAMII DEEDS” has undertaken a clean-up of the Elegushi Beach, in partnership with Mental and Environmental…
Trust Africa News , By Ayomide Otitoju African Export-Import Bank (Afreximbank) today in Cairo announced the appointment of Kanayo Awani to the position of Executive Vice President of the Intra-African Trade Bank (INAT) with effect from 1 July 2022.The appointment follows a decision by Afreximbank’s Board of Directors on 13 June 2022 to approve a…
The Central Bank of Nigeria, Abeokuta branch, has said that 1779 farmers in Ogun State have benefitted from agricultural loans in 2021. Head, the CBN, Abeokuta Branch Controller, Wahab Oseni, disclosed this on Wednesday at the Ogun State Award for Best Farmer of the Year, 2021. Oseni said the disbursement was part of the Agricultural…
Mutual Benefits Assurance Plc has been listed among Africa’s fastest growing companies, in a ranking by Financial Times that accessed compound annual growth in revenues between 2017 and 2020. After announcing the completion of the ranking exercise, Mutual Benefits emerged 61st in Africa and 19th in Nigeria, according to FT. Seventy-five companies across sectors made…
The telecommunication industry is beginning to shake off the effect of the National Identification Number and Subscriber Identity Module policy as it recovers 16.94 million active subscribers within 11 months, according to data from the Nigerian Communications Commission, NCC. The data revealed that active telecom subscribers grew from 187.28 million in June 2021 to 204.22…
Oil marketers have urged the Federal Government to put an end to the monopolistic privilege enjoyed by the Nigerian National Petroluem Corporation, NNPC. NNPC currently enjoys monopoly on importation and supply of petroleum products into the country. But oil marketers said the market situation was creating more problems for the country. Marketers under the auspices…
