Welcome at the All the news overview of the 5 latest business news items that did the rounds last week.
Bank launches campaign against e-banking fraud
Access Bank Plc launches awareness campaigns to make customers aware of measures they can take to protect themselves against e-banking fraud and more.
This comes just a week after notorious fraudster Zachary Yahaya, popularly known as “His Excellency,” announced Access Bank as one of the weakest e-banking platforms. Read more here.
MultiChoice ordered by court to pay N900 billion in tax arrears
DSTV’s parent company, MultiChoice, has been ordered by the Tax Appeal Tribunal (TAT) in Lagos to repay 50 percent (N900 billion) of the N1.8 trillion tax it allegedly owes to the Federal Inland Revenue Service (FIRS). ).
The director, communications and liaison department of the FIRS, Abdullahi Ahmad, announced this in a statement in Abuja on Wednesday. Read more here.
These are the best and worst performing sectors of Nigeria today
According to the Nigerian Bureau of Statistics (NBS), in the second quarter of 2021, Nigeria recorded its largest GDP increase since 2014, rising 5.01 percent.
This growth also marks three consecutive quarters of growth after the negative growth figures recorded in the second and third quarters of 2020. Read more here.
Guinness Nigeria proposes N1 billion dividend as profits rise 110%
Brewery company Guinness Nigeria Plc has released its audited financial statements for the year ended June 30, 2021, showing that after-tax profits have increased by 110 percent.
The audited results released to the Nigerian Exchange Group (NGX) at the end of the fiscal year indicated that sales increased 54 percent to N160 billion from the prior period of 2020. Read more here.
Nigeria spends $1.04 billion on food imports
The Central Bank of Nigeria has reported that the foreign exchange it supplied for food imports was as much as $1.04 billion in the first half of this year.
CBN’s report on industry use for trades valid for forex found that the amount spent on food imports this year was 23 percent higher than the $840.18 million in the first half of 2020. Read more here.
Here are the latest business news that set trends in the past week. Visit our website https://allnews.ng for more business news around the world.