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Daily Archives: January 7, 2021

FCMB appoints acting managing director

FCMB appoints acting managing director

First City Monument Bank Limited has appointed Mrs Yemisi Edun as acting managing director of the bank after the Managing Director, Adam Nuru, decided to go on leave. A source from the bank told our correspondent on Wednesday that Nuru ...

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FG to borrow unclaimed dividends, dormant accounts – Finance Act

FG to borrow unclaimed dividends, dormant accounts – Finance Act

The Federal Government plans to borrow unclaimed dividends and funds in dormant account balances of Deposit Money Banks. It disclosed this under Part XII of the Companies and Allied Matters Act in the signed Finance Act 2020. Under Part XII ...

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Customs revenue rises, generates N1.56tn in one year

Customs revenue rises, generates N1.56tn in one year

The Nigeria Customs Service on Wednesday said it generated N1.56tn in 2020. It said the amount generated was over the target of N1.38tn and over the sum of N1.34tn generated in 2019 despite the COVID-19 pandemic. The Comptroller-General of customs, ...

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Alibaba, Tencent shares tumble on US ban fears

Alibaba, Tencent shares tumble on US ban fears

Shares in China’s two biggest companies Alibaba and Tencent tumbled in Hong Kong on Thursday in response to the media reports that the Trump administration plans to press ahead with a ban on Americans investing in them. Ecommerce titan Alibaba ...

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[BREAKING] NIN: NIMC workers commence strike over funding, exposure to COVID-19

[BREAKING] NIN: NIMC workers commence strike over funding, exposure to COVID-19

Thousands of applicants have been locked outside of the offices of the National Identity Management Commission following a strike embarked on by NIMC staff, media source reports. The notice of strike was signed by the President of the Association of ...

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Anthony Joshua reveals retirement date

Anthony Joshua reveals retirement date

Anthony Joshua admits he is “coming towards the end of my career” and has hinted that he will have a maximum of “five years left” in the sport before retiring. The 31-year-old world heavyweight champion could be approaching the most ...

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