Nigeria’s advertising regulator, ARCON slams N30bn lawsuit on Meta for breaching advertising laws

BusinessNewsNigeriaPoliticsNigeria’s advertising regulator, ARCON slams N30bn lawsuit on Meta for breaching advertising laws

By Ezinwanne Onwuka (Senior Reporter)May 4, 2023

The Abuja division of the Federal High Court has granted the Advertising Regulatory Council of Nigeria, ARCON, leave to serve a writ of summons on Meta, the parent company of Facebook. A writ of summons is an official order for someone to appear in a court of law when they have been accused of committing an offence against someone. Meta is the first defendant in the suit, and AT3 Resources Limited is the second defendant....

CONTINUE READING
SEC charges investors to expose illegal fund managers

National DevelopmentNewsNigeriaSEC charges investors to expose illegal fund managers

By Uzoamaka Ikezue (Staff Reporter)April 27, 2023

The Securities and Exchange Commission (SEC) has charged members of the public to report any fund manager that is operating without the registration of the Commission, in a to ensure that only registered entities are allowed to operate in the capital market Chief Economist, SEC Dr. Okey Umeano made the remark in an interview with journalists, stressing that the battle against illegal fund managers must be tackled on all fronts. Umeano noted that the new...

CONTINUE READING
Arigo Technologies Takes the Tech Market by Surprise with New Products

BusinessNewsNigeriaArigo Technologies Takes the Tech Market by Surprise with New Products

Ebuka Onyekwelu (Staff Writer)April 23, 2023

Arigo Technologies, a leading African tech incubation and innovation company, based in Lekki, Lagos, has extended its stake in the tech market with new and problem solving products to meet various needs of people in diverse areas, through tech-based solutions. Founded about five years ago as an IT solution provider and tech research development hub, by a Nigerian medical doctor, entrepreneur, and philanthropist Dr Arinze Madueke; Arigo Technologies is determined to have its share of...

CONTINUE READING
7th Int’l construction building materials, techs exhibition expo, to commence June 6

BusinessNewsNigeria7th Int’l construction building materials, techs exhibition expo, to commence June 6

By Uzoamaka Ikezue (Staff Reporter)April 22, 2023

Organisers of the 7th International Construction Building Materials and Technologies Exhibition/Ceramics, Bathroom and Kitchen Wares Expo have announced that the programme is scheduled to take place from Tuesday 6th- Thursday 8th June, 2023 in Lagos State. Jude Chima, the Chief Executive Officer of Elan Expo Lagos made the remark during a briefing of the 7th International Build Expo/4th Ceramica West Africa Exhibition in Lagos, and stated that 140 brands, 480 business to business and 140...

CONTINUE READING
Africa ranks low in global business environment rankings

AfricaBusinessNewsAfrica ranks low in global business environment rankings

By Ezinwanne Onwuka (Senior Reporter)April 20, 2023

Singapore, Canada and Denmark will be the three countries with the best business environment over the next five years, according to the latest business environment rankings, BER, by the Economic Intelligence Unit, EIU. EIU’s BER measures the attractiveness of the business environment in 82 countries quarterly, using a standard analytical framework with 91 indicators. The latest ranking for the second quarter of 2023 shows that North America and Western Europe continue to be the best...

CONTINUE READING
PoS Operator In Police Net Over N280m Received In Error

BusinessNewsNigeriaPoS Operator In Police Net Over N280m Received In Error

Hassan Umar Shallpella (Regional Correspondent)April 20, 2023

Police in Ilorin, the Kwara State capital have confirmed the arrest of a Point of Sale operator Alfa Rafiu who erroneously received N280m transferred to his account by a commercial bank in Ilorin, the Kwara state capital has been arrested by the Police. It was gathered that the suspect who resides at the Akuji compound, the Abayawo area in the Ilorin West Local Government Area of the state was arrested on Monday when he went...

CONTINUE READING
Matt Ruwe says Bose’s new product, the A30 aviation headset is designed for maximum comfort

BusinessNewsNigeriaMatt Ruwe says Bose’s new product, the A30 aviation headset is designed for maximum comfort

By Ezinwanne Onwuka (Senior Reporter)April 9, 2023

Bose, the Massachusetts-based company, is renowned for its home audio systems and speakers, noise-cancelling headphones, professional audio products and automobile sound systems. Bose’s products have been adjudged to be the best, and for good reasons: they are designed for comfort, improved clarity and noise cancellation. On March 28, the company unveiled the latest generation of Bose headset for pilots: the A30 aviation headset. Matt Ruwe, Senior Product Manager at Bose during a chat with Ezinwanne...

CONTINUE READING
CBN deadline: Okada rider announces new mode of receiving payment

BusinessNewsNigeriaCBN deadline: Okada rider announces new mode of receiving payment

By Ezinwanne Onwuka (Senior Reporter)February 1, 2023

With eight days left for the old N200, N500, and N1000 notes to cease to be legal tender, a commercial motorcyclist has notified the public that he would no longer accept the old notes in a funny way. In a video shared by Instablog, the okada rider was captured with a paper glued to his T-Shirt, which contains information about his new method of receiving payment for his services. “New notes or transfer”, the inscription...

CONTINUE READING
CBN Tasks Anambra Traders To Deposit Old Naira Notes Before 31st January 

BusinessNewsNigeriaCBN Tasks Anambra Traders To Deposit Old Naira Notes Before 31st January 

PilotnewsJanuary 21, 2023

The Central Bank of Nigeria has enjoined residents and traders in Anambra state to ensure they deposit all old notes of the redesigned currency in banks before the 31st of January. The Director Other Institutions Department, CBN, Awka, Mrs Nkiru Asiegbu, made the call when the Awka Branch of the apex bank went on sensitization tour to tools and Allied Material Market, Bridge Head Onitsha. Mrs Asiegbu announced that the CBN will not extend the...

CONTINUE READING
Federal Govt to phase out pioneer status incentive for mature industries

BusinessNewsNigeriaFederal Govt to phase out pioneer status incentive for mature industries

Beloved John (Staff Writer)December 15, 2022

The federal government says it is phasing out the antiquated pioneer status incentive and other tax exemptions for mature industries with the 2022 finance bill. Zainab Ahmed, the minister of finance, budget, and national planning, disclosed this while addressing a state house correspondent on Wednesday. The bill is for tax collection in 2023. It was designed to support the implementation of the 2023 budget. The pioneer status incentive (PSI) is a tax holiday that grants...

CONTINUE READING

Newer Posts

Older Posts

WP2Social Auto Publish Powered By : XYZScripts.com