The Business Bells

31/07/2023

Governor Bababjide Sanwo-Olu of Lagos State, on Monday, announced reduction in transport fare on all Bus Rapid Transport, BRT, routes by 50 per cent beginning from Wednesday, August 2.

09/06/2023

This is coming barely a few days since chef Hilda Baci completed her cook-a-thon monitored by Guinness World Records in 100 hours.

09/06/2023

Netizens across social media have begun to drag popular Nigerian chef, Hilda Baci after she shared that she was on her menstrual period during the Cook-A-Thon

09/06/2023

President Bola Tinubu has approved the new Electricity Act, which replaces the 2005 Electricity and Power Sector Reform Act.

14/04/2023

The Niger Delta Development Commission Public-Private Partnership Committee Chairman, Engr. Emmanuel Audu-Ohwavborua, has urged all stakeholders to hurry up

14/04/2023

The Central Bank of Nigeria, CBN, has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account.

14/04/2023

The Federal Government, on Thursday, said the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn,

23/02/2023

Supporters of President Muhammadu Buhari, under the aegis of the Buhari-Yemi Osinbajo Nationwide Supporters Group, have asked Nigerians for forgiveness for

22/02/2023

The National Christian Elders Forum, led by former Defence Minister, Gen. Theophilus Danjuma (retd.), and other elder statesmen, on Tuesday, endorsed Labour

24/07/2022

Most of Nigeria’s banking service providers have recently commenced the process of closing down the bank accounts of unregistered associations and societies

24/07/2022

Following the completion of the system upgrade on its billing and vending infrastructure and the restoration of suspended services, some customers of Ikeja Electric seem to still experience some difficulties in purchasing energy tokens.

24/07/2022

The abductors of the Kaduna-Abuja train passengers have released another video where the victims were being flogged by the terrorists.

20/05/2022

The Central Bank of Nigeria, CBN has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira.

12/03/2022

The Federal Competition Consumer Protection Commission, FCCPC, in collaboration with the Independent Corrupt Practices and other Related Offences Commission, ICPC, National Information Technology Development Agency, NITDA and the Nigerian Police Force, on Friday, raided some illegal financial institutions operating on Opebi Road, Ikeja, Lagos. Among the financial institutions affected were GoCash, Okash, EasyCredit, Kashkash, Speedy Choice, Easy Moni. The raid, the FCCPC said, was in response to customers’ complaints of malpractices by the financial institutions....

https://mydailybells.com.ng/businessbells/fg-shuts-gocash-okash-easycredit-easy-moni-other-illegal-online-banks-freezes-accounts/

Among the financial institutions affected were GoCash, Okash, EasyCredit, Kashkash, Speedy Choice, Easy Moni.

25/02/2022

Lanre Sh*ttu Motors says it has taken many dropouts and area boys out of the streets through its auto skill training and employment scheme for school leavers. The auto firm has also extended similar but advanced training skills to young graduates interested in pursuing career in automotive industry. In total, the frontline auto industry player stated that over 450 of such Nigerians have benefitted from the schemes....

https://mydailybells.com.ng/businessbells/auto-skills-lanre-sh*ttu-motors-trains-dropouts-empowers-young-graduates/

Lanre Sh*ttu Motors says it has taken many dropouts and area boys out of the streets through its auto skill training and employment scheme for school leavers

22/02/2022

In its renewed effort in providing inspiring, regal and lavishly built maisonette housing schemes in the country, The Address Homes Limited, a real estate development firm dedicated to the attainment, development, and management of bespoke deluxe contemporary homes, has added two new housing brand schemes into the Nigerian home market as revealed by its management last Monday, February 14, 2022…...

https://mydailybells.com.ng/businessbells/the-address-homes-unveils-two-new-luxury-brands-in-lagos/

In its renewed effort in providing inspiring, regal and lavishly built maisonette housing schemes in the country, The Address Homes Limited, a real estate development firm dedicated to the attainment, development, and management of bespoke deluxe contemporary homes, has added two new housing brand s...

09/02/2022

The Federal Government through its Nigerian Midstream and Downstream Petroleum Regulatory Authority may return to the overseas supplier, the contaminated Premium Motor Spirit, popularly called petrol, which was imported into the country by the Nigerian National Petroleum Company Limited. Oil marketers estimated that about 100 million litres of contaminated petrol were imported into Nigeria and had been recalled by the Pipelines Product Marketing Company, a subsidiary of the NNPC....

https://mydailybells.com.ng/businessbells/adulterated-petrol-fg-to-return-fuel-to-suppliers-100-million-litres-affected-say-marketers/

The Federal Government through its Nigerian Midstream and Downstream Petroleum Regulatory Authority may return to the overseas supplier, the contaminated Premium Motor Spirit, popularly called petrol, which was imported into the country by the Nigerian National Petroleum Company Limited.

08/02/2022

Trust Holding Company Plc (GTCO Plc or the Group), a diversified financial services provider, on Monday notified the Nigerian Exchange Group (NGX) and the investing public that GTCO Plc has concluded the acquisition of the 100% equity stake in Investment One Pension Managers Limited (IOPM) and Investment One Funds Management Limited (IOFM) (together, the Companies) held by Investment One Financial Services Limited (IOFS or the Seller)....

https://mydailybells.com.ng/businessbells/gtco-plc-acquires-mutual-fund-pension-subsidiaries-of-investment-one-financial-services-limited/

Trust Holding Company Plc (GTCO Plc or the Group), a diversified financial services provider, on Monday notified the Nigerian Exchange Group (NGX) and the

03/02/2022

Dr. Ken Onyeali Ikpe, Group CEO, Insight Redefini has charged Integrated Marketing Communications, IMC, practitioners to always rejig their business model in order to meet the present day need of consumers, as the industry has evolved. He gave the advice when the newly elected executives of Brand Journalists Association of Nigeria (BJAN) paid him a courtesy visit at his GRA, Ikeja office on Tuesday, February 1, 2022....

https://mydailybells.com.ng/businessbells/insight-redefini-boss-onyeali-ikpe-meets-bjans-new-exco-tasks-imc-practitioners-on-brands-consulting/

Dr. Ken Onyeali Ikpe, Group CEO, Insight Redefini has charged Integrated Marketing Communications, IMC, practitioners to always rejig their business model in

03/02/2022

MTN Nigeria Communication Plc said it now has 6.6 million Nigerians as direct or indirect shareholders as it made N111.75bn from its share offer to Nigerians. The telecommunications company said this in a statement titled ‘Results of the series 1 offer for sale of MTN Nigeria Communications Plc ordinary shares, first public offer via digital platform in Nigeria’. The Chief Executive Officer, MTN Group, Ralph Mupita, said, “We are pleased that this offer has given so many Nigerians the opportunity to become owners of MTN Nigeria....

https://mydailybells.com.ng/businessbells/6-6-million-nigerians-become-mtn-shareholders-as-telco-rakes-in-n111-75bn/

MTN Nigeria Communication Plc said it now has 6.6 million Nigerians as direct or indirect shareholders as it made N111.75bn from its share offer to Nigerians.

28/01/2022

SIFAX Group, a conglomerate with investment in Maritime, Aviation, Logistics, Oil & Gas, Financial Services and Hospitality, has spent over N250 million on corporate social responsibility (CSR) programmes across Nigeria in 2021. The company’s CSR is focused primarily on education, health, economic empowerment (youth and women) and the physically-challenged. On education and health, hundreds of indigent students enjoyed full scholarship while equipment and facilities were donated to public educational and health institutions....

https://mydailybells.com.ng/businessbells/sifax-group-spends-n250m-on-csr-in-2021/

SIFAX Group, a conglomerate with investment in Maritime, Aviation, Logistics, Oil & Gas, Financial Services and Hospitality, has spent over N250 million on corporate social responsibility (CSR) programmes across Nigeria in 2021.

26/01/2022

“Historically, we have enjoyed a robust relationship with Lagos and we wish to continue to collaborate with Lagos State to empower more residents and indigenes of the State. Mr. Governor, Lagos is important to our operations in Nigeria. As major stakeholders, we will continue to seek collaborative opportunities with Lagos State just as we will continue to empower and support the indigenes and residents of Lagos State,” he said....

https://mydailybells.com.ng/businessbells/sanwo-olu-commends-airtel-employees-for-support-during-peak-of-covid-19-pandemic/

The Executive Governor of Lagos State, Mr. Babajide Sanwo-Olu, has commended employees of Airtel Nigeria for donating the sum of N20 million from their personal income to support indigent residents of Lagos State during the peak of the COVID-19 pandemic in 2020.

22/01/2022

Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi has expressed his satisfaction with the increased pace of work on the construction of the Lekki Deep Sea Port. Amaechi made this comment in Lagos on Saturday, January 22, 2022, during his inspection of the port site in Ibeju-Lekki, Lagos, in the company of top government functionaries from the Federal Ministry of Transportation and Heads of relevant agencies, including the Nigerian Ports Authority (NPA) and the Nigerian Shippers Council (NSC)....

https://mydailybells.com.ng/businessbells/lekki-port-amaechi-expresses-satisfaction-at-increased-pace-of-work-urges-promoters-to-double-efforts/

Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi has expressed his satisfaction with the increased pace of work on the construction of the Lekki Deep Sea Port

22/01/2022

The Assets Management Corporation of Nigeria (AMCON) on Friday announced the takeover of the Ibadan Electricity Distribution Company (IBEDC) Ltd over insolvency. The Chief Operating Officer (COO) Engineer John Ayodele made this known in a memo to members of staff intimating them of the development, The Nation reports. Ayodele, in the January 20 memo, said the company fell under receivership by a September 8, 2021, Federal High Court judgment....

https://mydailybells.com.ng/businessbells/amcon-takes-over-ibadan-electricity-distribution-company/

The Assets Management Corporation of Nigeria (AMCON) on Friday announced the takeover of the Ibadan Electricity Distribution Company (IBEDC) Ltd over insolvency

19/01/2022

The Federal Government may increase the price of Premium Motor Spirit (PMS), better known as petrol, to N302 per litre in February 2022 as part of the recommendation of the National Economic Council (NEC) in November 2021. TheCable understands that this is part of the government’s plan to fully deregulate the PMS prices, eliminating monthly subsidy payments with provisions to ensure fair competition in the market....

https://mydailybells.com.ng/businessbells/exclusive-nec-recommends-n302-per-litre-petrol-price-by-february/

The Federal Government may increase the price of Premium Motor Spirit (PMS), better known as petrol, to N302 per litre in February 2022 as part of the recommendation of the National Economic Council (NEC) in November 2021

18/01/2022

As the new year begins, Lagos State Internal Revenue Service (LIRS) has reminded businesses and employers of labour of their statutory obligation to file annual income tax returns pursuant to section 81 (2) of the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended). The Executive Chairman of Lagos State Internal Revenue Service, Mr. Ayodele Subair said the Act stipulates January 31, 2022 as the deadline for filing of annual income tax returns, failing which penalty accrues....

https://mydailybells.com.ng/businessbells/lirs-sets-january-31-as-deadline-for-filing-of-annual-tax-returns-by-employers-of-labour/

As the new year begins, Lagos State Internal Revenue Service (LIRS) has reminded businesses and employers of labour of their statutory obligation to file annual income tax returns pursuant to section 81 (2) of the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended).

18/01/2022

The Anchor Borrowers’ Programme (ABP), an initiative of the Central Bank of Nigeria (CBN), has been described as a major agricultural breakthrough and a source of pride to the country, as rice farmers continue to count gains under the scheme. To mark the successes recorded under the programme, particularly, in the area of rice cultivation, the Rice Farmers Association of Nigeria (RIFAN), in collaboration with the CBN, would today (Tuesday) unveil the world’s largest rice pyramid in Abuja....

https://mydailybells.com.ng/businessbells/borrowers-scheme-nigerian-farmers-unveil-worlds-largest-rice-pyramid-in-abuja-tuesday/

The Anchor Borrowers’ Programme (ABP), an initiative of the Central Bank of Nigeria (CBN), has been described as a major agricultural breakthrough and a source of pride to the country, as rice farmers continue to count gains under the scheme.

17/01/2022

Part of the special features of the bank includes “Free debit cards, 5 Free Interbank Transfer Daily” and “No Maintenance Fees on all accounts.”...

https://mydailybells.com.ng/businessbells/christ-embassy-floats-free-commercial-bank-in-nigeria/

The Loveworld Nation, also known as Christ Embassy, has officially launched the latest commercial financial institution in town, called Parallex Bank, with a view to redefining customer experience through digital innovation.