Featured Archives - Page 5 of 89

CBN authorises Dangote, BUA, Golden to import sugar, says others remain banned

Commodities News & Agribusiness3 years ago

CBN restricts sugar importation to Dangote, BUA, Golden

CBN restricts sugar importation to Dangote, BUA, Golden The Central Bank of Nigeria (CBN) has announced that Dangote Sugar Refinery Plc, BUA Sugar Refinery...

Featured3 years ago

NCC to auction 5G spectrum in Q4 2021

NCC to auction 5G spectrum in Q4 2021 Nigeria is fast moving towards deployment of 5G network with the calendar of the Nigerian Communications...

Featured3 years ago

Dangote Cement becomes first Nigerian company to adopt XBRL reporting format

Dangote Cement becomes first Nigerian company to adopt XBRL reporting format Dangote Cement has become the first Nigerian listed company to report its financial...

Oando, Aradel, GTCO, 12 other Drive NGX to N197Bn Gain

Featured3 years ago

Bulls recover N8bn for equities investors in midweek trading

Bulls recover N8bn for equities investors in midweek trading Return of the bulls to the floor of Nigerian equities market on Wednesday recovered N8 billion...

CBN fines Access, Stanbic, UBA N800m over crypto transactions

Featured3 years ago

N15trn InfraCo begins operation this quarter

N15trn InfraCo begins operation this quarter The N15 trillion Infrastructure Corporation of Nigeria (InfraCo) will begin operations in the third quarter of this year,...

Featured3 years ago

FBN General Insurance posts N2.17bn profit after tax

FBN General Insurance posts N2.17bn profit after tax FBN General Insurance Limited has said its profit before tax rose by 196 per cent to...

Featured3 years ago

FG to auction N150bn bonds in July

FG to auction N150bn bonds in July The Debt Management Office (DMO) on Monday, disclosed that the Federal Government will offer N150 billionn bonds for subscription...

Capital Market3 years ago

NGX all-share index closes week bearish by 0.57%

NGX all-share index closes week bearish by 0.57% Trading activities on the floor of Nigerian Exchange Limited (NGX) closed last week on the negative...

STRIKE: Equity Market Records N102BN Loss

Featured3 years ago

Bears attempt comeback as stocks lose N27bn

Bears attempt comeback as stocks lose N27bn The Nigerian stock market ended a four-day gaining streak on Thursday as the bears reclaimed the control...

Court Fines Multichoice N150m over Tariff Hike, Orders One Month Free Subscription The Competition and Consumer Protection Tribunal has fined the prominent Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, N150 million for disputing the court’s jurisdiction, and ordered the company to provide Nigerians with a one-month free subscription to its subscribers. A three-man panel led by Thomas Okusu gave the verdict on Friday. The tribunal had previously blocked Multichoice from raising subscription fees without proper notice, based on a lawsuit by Barrister Festus Onifade who claimed the eight-day notice given for the price increase was inadequate. Onifade had sued DSTV, accusing the Pay-TV of unjustly increasing subscription fees without one month’s notice to customers and leveraging on it to seek interim orders. Counsel for Multichoice had contended that previous rulings had settled price regulation issues, while Onifade focused on the inadequate notice rather than the price hike itself, prompting the tribunal to affirm its jurisdiction and rule against Multichoice. Court Fines Multichoice N150m over Tariff Hike, Orders One Month Free Subscription The Competition and Consumer Protection Tribunal has fined the prominent Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, N150 million for disputing the court’s jurisdiction, and ordered the company to provide Nigerians with a one-month free subscription to its subscribers. A three-man panel led by Thomas Okusu gave the verdict on Friday. The tribunal had previously blocked Multichoice from raising subscription fees without proper notice, based on a lawsuit by Barrister Festus Onifade who claimed the eight-day notice given for the price increase was inadequate. Onifade had sued DSTV, accusing the Pay-TV of unjustly increasing subscription fees without one month’s notice to customers and leveraging on it to seek interim orders. Counsel for Multichoice had contended that previous rulings had settled price regulation issues, while Onifade focused on the inadequate notice rather than the price hike itself, prompting the tribunal to affirm its jurisdiction and rule against Multichoice. The court subsequently fixed July 3 for a hearing of the plaintiff’s substantive suit.

Featured3 years ago

FIRS hunts MultiChoice over N1.8trn evaded VAT since inception

FIRS hunts MultiChoice over N1.8trn evaded VAT since inception The Federal Inland Revenue Service (FIRS) has raised alarm over the level of non-compliance by...

Business Metrics

CBN restricts sugar importation to Dangote, BUA, Golden

NCC to auction 5G spectrum in Q4 2021

Dangote Cement becomes first Nigerian company to adopt XBRL reporting format

Bulls recover N8bn for equities investors in midweek trading

N15trn InfraCo begins operation this quarter

FBN General Insurance posts N2.17bn profit after tax

FG to auction N150bn bonds in July

NGX all-share index closes week bearish by 0.57%

Bears attempt comeback as stocks lose N27bn

FIRS hunts MultiChoice over N1.8trn evaded VAT since inception

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