Kano Outlaws Use Of Mannequins To Exhibit Clothes
The Kano State Hisbah Board has banned the use of mannequins for displaying clothes by tailors, supermarkets, and boutique owners across the state. The head of Hisbah, Harun Ibn-Sina, announced the development in a statement on Wednesday. Mr. Ibn-Sina said the use of mannequins contradicts the teaching of Islam, the predominant religion in the state. […]
Trump Organization, CFO Allen Weisselberg Plead Not Guilty To Tax Fraud Charges
The Trump Organization and its longtime finance chief each pleaded not guilty Thursday to tax crime charges arising from a two-year investigation into former president Donald Trump’s company. The company pleaded not guilty to a scheme to defraud and 14 other related charges, while CFO Allen Weisselberg pleaded not guilty to criminal charges including second-degree […]
Oil Prices Up to $75 Ahead Of OPEC+ Decision On Supply Cuts
Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers on whether they would maintain or reduce supply cuts in the second half of the year. Brent crude for September gained 15 cents, or 0.2%, to $74.77 a barrel by 0629 GMT while the U.S. […]
French Business Leaders, Prominent Nigerian Businessmen Meet At France Business Summit
The France-Nigeria Business Council will be meeting on the sidelines of the 4th Choose France International Business Summit, which commenced Monday in Versailles, France. It will be bringing together around 15 French business leaders with a strategic business presence in Nigeria or who hope to implement projects in the West African country and six of […]
UK Bans Binance In Latest Cryptocurrency Crackdown
Britain’s financial regulator has ordered Binance, one of the world’s largest cryptocurrency exchanges, to stop all regulated activity and issued a warning to consumers about the platform which is coming under growing scrutiny globally. In a notice dated June 25, the Financial Conduct Authority (FCA) said Binance Markets Ltd, Binance’s UK entity, “must not, without […]
Osinbajo: Nigerian Government To Tax Profits Made By Google, Twitter, Others In The Country
Vice-President Yemi Osinbajo says the federal government is set to tax profits made in Nigeria by global technology and digital firms not based in the country, but with a significant economic presence. Laolu Akande, vice-president’s spokesman, in a statement on Sunday, quoted Osinbajo as announcing this during an interaction with a delegation of the Chartered […]
Federal, States, Local Government Share N605.958bn
The Federation Accounts Allocation Committee (FAAC) at its virtual meeting on Wednesday night, shared N605.958 billion as federation allocation for May 2021 among the three tiers of government. The money was revenue generated in the previous month of May. The distributed statutory revenue of N428.198 billion received for the month was lower than the N497.385 […]
Oil Spillage: Mobil, NNPC To Pay N82bn Damages As Per Court Order To Akwa Ibom Communities
The Federal High Court, Abuja, has ordered Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the oil communities in Ibeno Local Government Area of Akwa Ibom cumulative damages of 81.9 billion over oil spillage. Justice Taiwo Taiwo, in a judgment debt, ordered that the payment must be paid within 14 […]
FG Disbursed $5bn In Five Years To Fight Poverty — Minister
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Sadiya Farouq, has said the Federal Government disbursed over $5bn since 2016 to fight poverty in the country. The minister said the President, Major General Muhammadu Buhari (retd.) since 2016 has backed his pledge to pull 100 million Nigerians out of poverty by committing […]
Air Peace Receives Third Brand New Embraer 195-E2, 10 More Expected By 2022
One of Africa’s fastest growing airlines Air Peace on Thursday took delivery of its third brand new Embraer 195-E2 aircraft. The airline revealed that it will take delivery of all 13 Embraer 195-E2 aircraft it placed firm order for from Embraer Aircraft Manufacturing Company in Brazil by the end of 2022. The airline also said […]
