September 16, 2019

Stanbic IBTC records NN36.2bn profit after tax in 6 months

Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has announced its mid-year audited results for the period ended June 30, 2019, as it recorded a profit of N36.2 billion after tax. The Group also announced an interim dividend of 100 kobo. According to the Stanbic IBTC’s income statement, the Group recorded an […]

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EFCC to CAC: Your response time to our enquiries delaying investigation

The acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has stressed the need for the Corporate Affairs Commission to cooperate with the anti-corruption agency in the fight against corruption, especially in its investigations of companies involved in suspicious activities. Magu gave the charge through the Head, EFCC Maiduguri Zonal Office, Lawrence Iwodi,

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Online VAT maybe “the law”, but Nigerians are not having it

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has again reiterated that the payment of VAT on VATable online transactions is required by the law. But while this is true by all means, Nigerians have continued to express their misgivings to this development. There are many reasons why Nigerians have continued

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