business
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Cadbury Board Initiates Sale of 402 Million Shares Due to $7.7 Million Debt Challenge
Cadbury Schweppes Overseas Limited, controlled by Mondelēz International Inc, is a major investor in Cadbury Nigeria with 74.97 percent stake. In a statement on Tuesday, Cadbury Nigeria said it borrowed…
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FIRS Instructs Banks to Implement N50 Stamp Duty on International Transactions Starting January 2021
The Federal Inland Revenue Service (FIRS) has directed banks to commence the deduction of the sum of N50 as electronic money transfer levy (ETML) from foreign currency (FCY) transactions. The…
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NNPCL Assures No Intention to Raise Petrol Prices
The Nigerian National Petroleum Company Limited (NNPCL) says there is no imminent increase in the cost of Premium Motor Spirit (PMS) commonly known as petrol. Some Nigerians had expressed fear…
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JSM Affirms Restructuring Plans in Nigeria, Denies Ending Operations
JSM, which was inaugurated on September 23rd, 2017, by the former Vice President of Nigeria, Professor Yemi Osinbajo, has become the market leader with its top-quality syringes in the country,…
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Stock market opens 2024 with N665b gains
They netted a capital gain of more than N665 billion amid optimism that early gains of major reforms will boost the economy during the year. The transaction pattern in the…
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Dangote Refinery receives fourth crude oil shipment from NNPC
Dangote Refinery has received the fourth shipment of one million barrels of bonny light crude supplied by Nigeria National Petroleum Company (NNPC) Limited. In a statement on Sunday, Dangote Oil…
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