ECOWAS Administrators Seek To Curb Tax Evasion, Illicit Financial Flows
Tax administrators of the Economic Community of West African States (ECOWAS) member states Thursday intensified efforts to make it difficult for individuals and business entities, especially multinational institutions, to evade tax compliance as well as limit illicit financial flows and corruption at regional level. At the first major stakeholders’ meeting of the Support Programme for […]
Travel Agents Grieve Naira Downsizing Amidst COVID-19
Some travel agents have bewailed the new development in the naira-dollar transformation standard, saying the development business is yet to recover from the impact of the COVID-19 pandemic. The Central Bank of Nigeria had in May downsized the naira as it accepted the NAFEX transformation size of N410.25 per dollar as its power trading scale, […]
RIFAN Partners CBN To Lessen The Cost Of Rice
The Rice Farmers Association of Nigeria (RIFAN) in Bida on Wednesday consented to band together with the Central Bank Nigeria to lessen the market cost of rice. Organizer, RIFAN and CBN unique undertaking in Niger State, Malam Idris Usman, spread the word about this in Bida at the introduction of the 2021 wet season circulation […]
ECOWAS Parliament Cautions Against Cryptocurrencies
The meeting of the Joint Committee of the ECOWAS Parliament holding in Ouagadougou, Burkina Faso has cautioned against the use of cryptocurrencies as a mean of exchange and commerce. The joint committee meeting on Wednesday, which also had in attendance cryptocurrency experts and resource persons, while highlighting the prospects of cryptocurrencies as facilitator for investment […]
FG-Leather Products To Generate $1bn By 2025
The federal government has launched the national leather and leather products policy implementation plan, stressing that it has the potential to generate over one billion dollars by 2025, improve the leather value chain and create employment for the teeming population of the country. The vice president, Prof. Yemi Osinbajo, who launched the plan in Abuja, […]
About 200 US Businesses Hit By Colossal Cyber Attack
About 200 US businesses have been hit by a “colossal” ransomware attack, according to a cyber-security firm. Huntress Labs said the hack targeted Florida-based IT company Kaseya before spreading through corporate networks that use its software. Kaseya said in a statement on its own website that it was investigating a “potential attack”. Huntress Labs said […]
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 […]
