8 banks pay N200bn as income tax in Q1’24

Eight commercial banks paid N200.19 billion as income tax in the first quarter of 2024 (Q1’24). Data from the Q1’24 Financial Statements of the banks showed that the N200.19 billion   represents 203.7 percent year-on-year increase (YoY)   when compared to N65.91 billion tax they paid in Q1’23. The banks are Guaranty Trust Bank, GTB (N52.2 billion) , […]

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Access Bank, Aig-Imoukhuede Foundation pledge $300m for Africa’s transformation

The Aig-Imoukhuede Foundation and Access Bank Group have pledged $300 million in charitable commitments to transform the economic landscape of Africa over the next 20 years. Under the arrangement, Access Bank has committed $200 million and Aig-Imoukhuede Foundation committed $100 million to fund African government initiatives with a proven potential to transform national economic performance. The […]

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Crypto exchanges begin delisting Naira from P2P platforms, says SEC

The Securities and Exchange Commission, SEC, yesterday, disclosed that crypto exchanges have commenced delisting of the Naira from Peer-to-Peer (P2P) trading platforms. SEC had, last week in collaboration with the Office of the National Security Adviser (ONSA), directed digital currency operators to delist the Naira from their platforms as part of measures to protect the currency […]

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Deployment of CNG pumps rises 233% — Pi-CNG

The deployment of dispensing pumps for Compressed Natural Gas, CNG, have risen by 233 per cent in six months since November last year. Coordinator and Chief Executive, Presidential Initiative on CNG, Pi-CNG, Mr. Michael Oluwagbemi, disclosed this while addressing journalists during a tour of the Mikano International CNG based vehicle assembly plant in Ogun State. Meanwhile, Mikano has […]

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Having represented Germany in various youth categories, including the U-16s, U-17s, and U-21s, Adeyemi made his senior debut for the German national team in a 6–0 victory over Armenia in a 2022 FIFA World Cup qualifier on September 5, 2021, scoring his first goal for the senior team as a late substitute in injury time. Despite being named in the German squad for the 2022 FIFA World Cup in Qatar, Adeyemi did not appear in any matches, as Germany exited the tournament in the group stage. His last appearance for the German national team was in 2022 against Hungary.

A pressure group within the Labour Party, LP, known as Catalyst Committee, CC, has called on the Independent National Electoral Commission, INEC, and the Judiciary not to succumb to political pressure and show conformity to the rule of law and the Electoral Act 2022, as amended, with regard to the candidacy of the party. The […]

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Euros 2024: Germany snub Adeyemi

Germany coach Julian Nagelsmann has left Borussia Dortmund forward Karim Adeyemi out of the Die Mannschaft squad for the UEFA Euro 2024 championship, scheduled to take place in Germany next month. The winger was a surprise omission from Nagelsmann ‘s 27-man squad for the tournament in Germany, having had an impressive season for Dortmund. The […]

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