BUSINESS

Updated Finance Act 2019: New Law Also Promotes Fiscal Equity, Supports MSMES

By AbuSatar Hamed ABUJA: In a bid to ensure that the cost of living does not rise for Nigerians because of the changes in the Value-Added Tax, several basic food items, locally manufactured sanitary towels, pads and tuition relating to nursery, primary, secondary and tertiary education have been added to …

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Finance Act 2019: 20 Basic Food Items, Sanitary Pads, Others Make VAT Exemption List, New Law Also Promotes Fiscal Equity & Supports MSMES

ABUJA: In a bid to ensure that the cost of living does not rise for Nigerians because of the changes in the Value-Added Tax, several basic food items, locally manufactured sanitary towels, pads and tuition relating to nursery, primary, secondary and tertiary education have been added to the exemption list …

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Hollandia Yoghurt Unveils New Partnership with Yemi Alade

By AbuSatar Hamed LAGOS: Hollandia Yoghurt, Nigeria’s leading drinking yoghurt beverage brand, has announced a partnership agreement with Miss Yemi Alade, a multiple award-winning artiste of international repute, as part of a new campaign to celebrate the brand’s 15 years of nourishing Nigerians and reinforcing its market leadership. According to …

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Management Clears Air, Says ”EFCC Did Not Arrest Access Bank GMD”

LAGOS: Access Bank Plc. has cleared air on the alleged arrest of its Group Managing Director, Herbert Wigwe by Economic and Financial Crimes Communication (EFCC). In a statement to the Nigerian Stock Exchange signed by the Bank’s company secretary, Sunday Ekwochi the issue essentially relates to the credit facilities that …

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Ecobank Extols CBN’s Financial Inclusion Drive, Adopts Reduced Bank Charges

By AbuSatar Hamed LAGOS: Ecobank Nigeria has complied with the Central Bank of Nigeria’s recent directive on the reduction of bank charges. According to a press release e-signed and made availabile to StarTrend Int’l magazine & www.startrendinternational.com by Ayomide Oriade of PR Redline, the Bank commended the CBN for taking …

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Abiodun Says, “We Are Committed To Lifting Our People Out Of Poverty”, As He Receives AfDB Boss, Dr. Akinwunmi Adesina In Office

By AbuSatar Named ABEOKUTA: The Ogun State Governor, Prince Dapo Abiodun has reaffirmed the commitment of his administration to lifting its people out of poverty, noting that his administration would continue to look at ways to ensure that it enjoys a mutually beneficial relationship with the Africa Development Bank (AfDB). …

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Enjoy Pleasurable New Year Day Banking With Ecobank’s *326#

By AbuSatar Hamed LAGOS: One of the frontline financial institutions in Nigeria, Ecobank Plc has introduced a new platform to make its customers’ New Year Day, a pleasure by banking at their fingertips, “right on your mobile with *326#. According to a statement from the bank, “It doesn’t matter what …

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Triton Solar To Create 10,000 Jobs With $300m Investment In Abuja, Lagos, Oyo States

By AbuSatar Hamed NIGERIA: Triton Solar, a United States-based manufacturer of solar panel, lighting and batteries, has assured Nigerians of its readiness to invest at least $100m within five years in each of the three plants of the company to be located in Lagos, Oyo State and Abuja, the Federal …

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Michel Puchercos Takes Over From Joseph Makoju As Dangote Cement Group CEO

By AbuSatar Hamed LAGOS: The Board of Dangote Cement Plc has approved the appointment of Mr. Michel Puchercos as the new Group Managing Director/CEO, for the organisation, effective February 1, 2020. Mr. Puchercos is taking over from Engr. Joseph Makoju who will retire as GMD/CEO effective from January 31, 2020, …

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We Don’t Really Want To See Any More Imported Rice In Nigeria – Dangote

LAGOS: The Africa’s richest man, Alhaji Aliko Dangote has said that, “We don’t really want to see any more imported rice in Nigeria”. Nigerian business tycoon stated this at the 2nd Annual Nigeria Food Processing and Leadership Forum held in Lagos on Tuesday December 17, 2019. While addressing the need …

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