The Federal Government has unveiled plans to establish a special finance institution that will attract funds into the economy at lower interest rates. The Minister of Finance and the Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, stated this on Friday in Ilorin during her visit to KAM Industries Nigeria […]
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Reps accuse banks of tax evasion
The House of Representatives said on Sunday that banks in the country evaded tax and engaged in other illegal conduct such as false declaration, violation of laws and “self exemption from existing rules.†The House noted that an ongoing investigation into tax collection and remittances by the banks had exposed […]
Consolidated Breweries sells 57% stake in Champion Breweries
Consolidated Breweries Plc has received the approval of its shareholders to sell off 57 per cent equity stake in Champion Breweries Plc. A statement by the company explained that the shareholders gave their approval during an Extraordinary General Meeting organised by Consolidated Breweries on Friday. The statement said that shareholders […]
