Amarachi Orjiude and Sami Olatunji, Abuj The World Bank has said Nigeria can generate N600bn annually by increasing the excise duties on tobacco and alcohol as recommended in the National Development Update report. A Senior Tax Specialist of the bank, Rajul Awasthi, said this on Thursday at a virtual discussion on domestic revenue mobilisation. According…
Leke Baiyewu and Okechukwu Nnodim The House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, on Thursday, grilled the Acting Managing Director, Polaris Bank Limited, Innocent Ike, over…
MTN Nigeria plans to invest N640 billion (approximately US$1.5 billion) over the next three years to expand broadband access across the continent’s most populous country, in line with the federal government’s 2020-2025 National Broadband Plan and in support of MTN Group’s strategy, Ambition 2025: Leading digital solutions for Africa’s progress. ‘Nigeria is one of our…
The United Arab Emirates (UAE) has lifted the travel ban on Nigeria, India and South Africa. An official document released over the weekend, from the Dubai Media Office indicated that passengers from Nigeria were expected to have received a negative result for a PCR test taken within 48 hours before departure. In the document, these…
Access Bank Plc has rewarded serving members of the Nigeria Youth Service Corps (NYSC) with over N15 million in its third edition of Access Bank Plc’s youth business challenge competition, Accessprenuer, which held across five states recently. Five top winners won N1 million each while others were rewarded with consolation cash prizes totaling to N10…
The pilot of a flight that was diverted to Belarus, allowing the arrest of an opposition journalist, had been warned that a bomb would detonate if it continued to Lithuania, according to Ryanair’s boss. Michael O’Leary said the pilot tried to seek advice from the airline, but was given false excuses by officials that Ryanair…
He said: “DBA Lite is a product of the erstwhile Diamond bank via the Diamond Business Account (DBA) and that was one of the best products in the market but after the merger, we renamed it as DBA but this innovation; DBA Lite is targeted for the youths who are start-ups, established or growing. This…
Access Bank Plc, has launched what it termed the ‘Diamond Business Advantage (DBA) lite’ in a bid to increase its digital loans and enhance access to finance for young entrepreneurs. The bank said the product which is targeted at the youths was designed to add value to micro, small and medium scale enterprises (MSMEs). Speaking…
Ecobank Transnational Incorporated (ETI), the Lomé based parent company of the Ecobank Group has announced that it has successfully raised $350 million Tier 2 Sustainability Notes. According to the statement, the Tier 2 issuance was the first to have a Basel III-compliant 10NC5 structure outside of South Africa in 144A/RegS format and will be listed…
