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Italian divers discover 2,000-year-old Roman shipwreck

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NLC demands overhaul of Nigeria’s ‘failing’ energy sector model

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PZ Cussons Nigeria Plc has convened an extraordinary general meeting of shareholders following a N73.8 billion loss that reduced the value of its net assets.
Business

PZ Cussons discloses 61,628 unclaimed shareholders’ dividends

The list of PZ Cussons’ shareholders who haven’t claimed their dividends has been made public, and it includes roughly 61,628 shareholders. The Times reported that the company stated that the list was posted online rather than in newspapers because of the enormous number of shareholders who had unclaimed dividends, according to a corporate filing available on […]

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CIT collection rises by 116% to N1.75 trillion in 2023 – NBS

Nigeria’s Company Income Tax collection jumped from N810.19 billion in the third quarter of 2022 to N1.75 trillion in the third quarter of 2023, a 115.90% increase in just one year. The National Bureau of Statistics’ most recent CIT collection report for Q3 2023 made this revelation. The CIT collection increased from N1.53 trillion in Q2, […]

NGX halts trading of delisted-GSK shares
Business

GSK shareholders approve N17.42 for GSK buyback

Glaxo SmithKline Consumer Nigeria Plc’s minority shareholders have decided that, upon the company’s final delisting from the Nigerian Exchange Limited, their shares should be purchased at a rate of N17.42 per unit. The Punch reported that the shareholders of the court-ordered meeting between the parties to the Scheme of Arrangement approved the share buyback rate among […]

Canal+ aims for increased stake in MultiChoice
Business

Multichoice raises DSTV, GOTV rates

Broadcasting company, Multichoice, has increased the cost of its offerings in Nigeria a few days after declaring a $72 million deficit in its third-quarter financial report. The Punch revealed that verifications of the company’s evaluated price list revealed a general 20% increase in the company’s packages. In the most recent  increase, DStv Premium package saw a 20.4 […]

OpenAI mulls $500bn valuation in employee share sale talks
News Tech

British regulator to probe Microsoft OpenAI venture

British antitrust body announced on Friday that it will consider whether to open a merger investigation into Microsoft’s multibillion-dollar joint venture with OpenAI, the company behind ChatGPT. This action follows Microsoft’s statement in November that it will become a non-voting member of the board and commit over $10 billion to OpenAI. That came after a […]

Flutterwave, has laid off half of its workforce in Kenya and South Africa as part of a broader cost-cutting strategy
News Tech

Flutterwave secures money transfer license in US

African payments company, Flutterwave, has announced that it has acquired money transfer licenses for 13 US states. This latest acquisition makes it possible for money to be transferred between the US and Africa more quickly, affordably, and securely. Arizona, Arkansas, Maryland, Michigan, Delaware, Georgia, Maine, Mississippi, Missouri, New Hampshire, Iowa, North Dakota, and South Dakota […]

Only four Nigeria states attract foreign investment in Q4 - Report
Business

Nigeria’s VAT collection rises 21.34% to N948.07bn in Q3 – Report

Value Added Tax revenue in Nigeria climbed by 21.34% in Q3 2023, from N781.35 billion in the second quarter to N948.07 billion. This is based on the National Bureau of Statistics’ third-quarter Value Added Tax report. In Q3 2023, N522.08 billion was collected in local payments, N204.58 billion in foreign VAT payments, and N221.41 billion from import […]

Dangote Refinery's polypropylene to enter market
Oil and Gas

Dangote refinery receives first crude cargo

Dangote Petroleum Refinery and Petrochemicals Plant purchased 1 million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited , one of Nigeria’s and the world’s largest trading companies, trading more than 8 million barrels of crude oil per day. The Times reported that one million barrels of Agbami crude oil were […]

Spotify’s CFO Paul Vogel steps down
News Tech

Spotify’s CFO Paul Vogel steps down

The chief financial officer of Spotify Technology, Paul Vogel, said on Thursday that he will leave the company at the end of March of next year. Vogel is stepping away from the company after a career at the music streaming company that has spanned eight years. Vogel leaves the organization after a challenging week. Following […]

36 states spend N139.92bn on external debt in six months
News

How FX unification increased Nigeria’s trade surplus in Q3 – Report

Bisola David One reason for the third quarter’s net trade surplus has been attributed to the foreign exchange market’s segmentation. The Punch reported that the emergence of a net trade surplus in Q3’23 is a noteworthy deviation from previous quarters, underscoring Nigeria’s trade resilience amid global economic shifts, according to a report released by analysts at […]

Zenith Bank director purchases 1.7m shares
News

Zenith Bank director purchases 1.7m shares

Bisola David An executive director of Zenith Bank Plc, Dr Temitope Fasoranti, has acquired more than 1.7 million shares in the lender. The Punch reported that this was disclosed in a corporate notice filed with the Nigerian Exchange Limited on Thursday and signed by the company secretary and general counsel of Zenith Bank, Michael Otu. […]

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