Buhari Signs 2020 Budget Today

The N10.59 trillion budget, which will be signed by the president at 3.30p.m., is N264 billion higher than the N10.33 trillion estimates presented by the president in October. It is made up of N4.84 trillion allocation for recurrent expenditure, N2.46 trillion for capital expenditure, N2.72 trillion for debt servicing, fiscal deficit of N2.28 trillion and…

Chinese billionaire’s son banned from flying first class after refusing to pay $21.6 million debt

UK-educated Wang Sicong, the only child of mega-rich property magnate Wang Jianlin, and the heir to his estimated $12.5 billion fortune has been banned enjoying ultra-rich lifestyle. This means he’s forbidden from flying first class, buying luxury goods, taking high-speed trains and going on holiday after refusing to pay debts, according to a district court…

First Bank bags Nigeria’s Best Private Bank

In a press release sent to the Herald which was signed by Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, First Bank, while recognising the bank’s commitment and leading role at providing bespoke financial services to its customers and the public in general, through its numerous state of the art and innovative financial products and services, First…

Nigeria’s Company Income Tax Amongst Highest In The World

Nigeria has one of the highest company income tax rates globally which is a disincentive for business growth, Tax leader, PwC Nigeria, Taiwo Oyedele has said. According to Oyedele, Nigeria is in the top 10 in the world, for highest income tax rate. “We pay Company Income Tax, CIT 30 per cent, education tax, 2…

Abia pensioners protest non payment of 32 months pension

Dressed in all-black, the retirees bemoaned that the state government had abandoned them to die in hundreds, after serving  the state with their lives. In  a release made available to newsmen during the protest, the retirees led by Deacon Amaugo Daniel (chairman) and Chief Okezie Emeka (secretary) for the Concerned Abia Pensioners, they also alleged…

N537.3m debt: AMCON takes over Donald Duke’s Ikoyi house

Justice Chuka Obiozor made the order on August 8, 2019, in a ruling. The order was under an ex-parte application, brought before the court by AMCON and UBA. The defendants in the suit are Stonehedge Investment Limited, Mr. Duke and Mrs. Owanari Bob-Manuel Duke, respectively. The applicants had prayed the court for “An order of…

CLEMENT ISONG on N1,000 Note To Be Honoured After 35 Years

AKWA IBOM STATE GOVERNMENT, CLEMENT ISONG FOUNDATION SET TO LAUNCH BIOGRAPHY OF THE LATE DR. CLEMENT NYONG ISONG . Arrangements are in top gear for the public presentation and official launch of the biography of the second indigenous Governor of the Central Bank of Nigeria, CBN, and first Civilian Governor of the old Cross River…