Oil Prices Suffer Further Losses, Stocks Mixed | The Guardian Nigeria News

Oil prices extended losses on Tuesday after underperforming data from the US and China fueled recession expectations, while stocks were mixed as traders debated whether the data would allow central banks to ease their rate hikes. Wall Street delivered a strong lead as technology companies were helped by bets that the Federal Reserve will not […]

Linkage Assurance returns to profitability in H1’22

By Rosemary Iwunze Linkage Assurance Plc has returned to profitability for the first half of 2022 despite the challenging business environment. The company, in a statement to Nigerian Exchange Limited, NGX and shareholders on unaudited earnings for the second quarter ended June 30, 2022, reported earnings before tax (PBT) of N1.465 billion resulting from a […]

Why tax compliance is low in Nigeria – Revenue – CITN

The Chartered Institute of Taxation of Nigeria (CITN) has attributed the low level of tax compliance in the country to a lack of trust between citizens and the government Adesina Adedayo, President of CITN), made the statement Monday at the 5th Annual International Academic Conference on Taxation held at Kwara State University (KWASU), Malete. The […]

Oil prices fall as the Chinese economy sputters

Oil prices fell nearly 5 percent on Monday after data showed China’s economic recovery was stalled amid Covid-19 restrictions and a slumping real estate sector. The Post Oil prices fall as Chinese economy sputters appeared first in The Guardian Nigeria News – Nigeria and World News. Source link The GuardianAn independent newspaper established in 1983 […]

Nigeria’s inflation rate rises to 19.64% in July 2022 – NBS

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate rose to 19.64 percent yoy in July. Prince Semiu Adeniran, statistician-general of the Federation and chief executive officer of the National Bureau of Statistics (NBS), said so in the consumer price index (CPI) for July 2022 released by the Abuja bureau on Monday. Adeniran […]

NDLEA seizes 442 packets of crystal meth hidden in smoked fish

National Drug Law Enforcement Agency (NDLEA) officials over the weekend uncovered about 442 packets of crystal methamphetamine hidden inside boxed dry fish. The shipment was destined for export to Dubai, United Arab Emirates via SAHCO Sheds at Murtala Muhammed International Airport, Ikeja, Lagos. The shipment, weighing 11.90 kg, was reportedly delivered to the airport’s SAHCO […]

The Heirs Holdings Group is counting successes and heading into a bold 2nd decade

By Emeka Anaeto, Business Editor There are signs that Heirs Holdings, HH, Group, Africa’s leading corporate company, is poised for more breakthroughs after a long list of record-breaking successes in its first decade. HH Group and Tony Elumelu Foundation (TEF) were established in 2010 by Mr. Tony Elumelu to encourage private investment and encourage entrepreneurship […]

Cash-strapped Nigeria prioritizes controversial payment from Paris club

Nigeria’s government, facing a revenue crisis, has caught fire for prioritizing the payment of the Paris Club’s controversial $418 million refund to some advisers over capital infrastructure. The move by Nigerian Attorney General Abubakar Malami and his finance colleague to pay $418 million to people who claim to have provided “advisory” services to states regarding […]

Jet-A1: LCCI seeks targeted financing for the aviation sector

. • Says the crisis is threatening business conduct across the country By Yinka Kolawole With the cost of aviation fuel, known as Jet-A1, rising, which is a significant cost component in flight operations, the Lagos Chamber of Commerce and Industry (LCCI) has recruited targeted funding for the aviation sector to ensure the upkeep of […]