The Sustainable Energy Fund for Africa (SEFA) has announced a $1 million grant to support the government of Kenya to create a Super Energy Service Company (ESCO). The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both the public and private sectors. Super […]
Notices in Terms of Section 155 of the Companies Act 71 of 2008 Relating to Steinhoff International Holdings Proprietary Limited (“The Company”) Capitalised terms used herein and not otherwise defined shall have the meaning ascribed thereto in the compromise that has been proposed by the Company to Scheme Creditors (the “Proposal”) in accordance with section
By Eyo Nsima An Economist and Private Sector Advocate, Dr, Muda Yusuf, Sunday, said that the Nigeria Customs Service, NCS proposed excise duty on the production of soft drinks is ill-timed, insensitive and most inappropriate given the prevailing harsh economic and business conditions. In a statement obtained by The Daily, www.thedaily-ng.com, he stated: “At a
By Eyo Nsima The Lagos Chamber of Commerce and Industry, LCCI, Sunday, noted that the controversy over the payment of Value Added Tax, VAT, greatly disrupted businesses in Nigeria. In a statement obtained by The Daily, www.thedaily-ng.com, Director General, Dr. Chinyere Almona, stated: “A court judgment restrained the Federal Inland Revenue Service (FIRS) from collecting
How VAT payment controversy disrupted businesses in Nigeria — LCCI Read More »
By Eyo Nsima The Central Bank of Nigeria, CBN, Friday, threatened to suspend the license of banks involved in illegal foreign exchange transactions. In a letter to the banks, Director, Trade and Exchange Department, CBN, Dr. O.S. Nnaji, stated: “In line with our continuing close surveillance of our financial markets in general and the foreign
CBN threatens to suspend banks over illegal forex deals Read More »
By eyo Nsima The Central Bank of Nigeria, CBN, has directed banks to ensure that end-to-end bulk payments or transfers are henceforth processed on the platforms of banks or payment service providers, PSPs for their customers with a detailed breakdown of the accounts that receive the credits. In a circular – Disaggregation of Bulk Payments
CBN directs banks to provide details of accounts receiving credits Read More »
By Eyo Nsima THE minister of state for Petroleum Resources, Timipre Sylva, has observed that Nigeria currently trail behind the United States, China, Japan, Germany, South Korea, India and other nations in Research and Development, R&D. According to him, this happens because the puts only 0.2 per cent of its Gross Domestic Product, GDP, into
21 Winners of Merck Foundation More Than a Mother Fashion Awards 2020 from Ghana, Namibia and Zambia were celebrated during the ceremony; 2 New fashion awards 2021 were announced by Merck Foundation in partnership with African First Ladies. Merck Foundation, the philanthropic arm of Merck KGaA Germany conducted an award ceremony to felicitate and celebrate
Merck Foundation CEO celebrates winners of ‘More Than A Mother’ FASHION Awards 2020 Read More »
By OUR CORRESPONDENT Niger State Board of Internal Revenue, BIR, Monday, shut several institutions and eight banks over alleged tax liabilities, amounting to N456million. In a statement obtained by The Daily, www.thedaily-ng.com, Executive Chairman of the Board, Alhaji Mohammed Madami Etsu, disclosed the tax defaulters to include, Stanbic IBTC (N113.2 million) Polaris Bank (N74.8 million),
By Eyo Nsima The Central Bank of Nigeria, CBN, has shifted the meeting of the Monetary Policy Committee, MPC, to September 16-17, 2021. The apex Bank, which disclosed this in a notice to stakeholders, September 6, 2021, did not disclose the reasons for the development. Specifically, it stated: “This is to inform you that the
JUST IN: CBN shifts meeting of Monetary Policy Committee to September 16-17, 2021 Read More »
