JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, two people familiar with the matter said on Wednesday. The sum could include $7 billion in cash and $4 billion for consumers, said the sources, who asked not to be […]
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Private jet owners to pay $4,000 luxury tax
The Federal Government has imposed a luxury tax on private jet owners and operators in the country. As a result, the Nigeria Civil Aviation Authority has directed the owners and operators of private jets to pay the sum of $4,000 for every flight departure within the country. According to a […]
Domestic investors urged to strengthen capital market
Domestic investors can reduce the dominance of foreign investors in the Nigerian capital market by participating more, Capital Bancorp Plc has said. The Chairman, Capital Bancorp, Mr. Olutola Mobolurin, said this in Lagos ahead of the company’s 25th anniversary, which is scheduled to take place on October 4, 2013. He […]
