Other News

AMCON To Lease Out Seized Property
Policy

AMCON To Lease Out Seized Property

The Asset Management Company of Nigeria, AMCON said it will lease out most the assets it has seized from chronic debtors. The corporation plans to set up a real estate investment scheme towards the end of the year. AMCON was created to absorb all the bad loans from distressed banks […]

The End Of Bitcoin As We Know It?
Global

The End Of Bitcoin As We Know It?

Bitfinex, one of the largest Bitcoin exchange,  has just been hacked, losing about USD63 million worth in Bitcoin. Bitcoin is a digital currency and a payment system invented by Satoshi Nakamoto. Data monitored through Bloomberg shows Bitcoin slumped 5.3 percent against the dollar as of 10:17 a.m. on Wednesday in Tokyo, bringing […]

New Forex Policy Shuts Out Money Transfer Operators
Policy

New Forex Policy Shuts Out Money Transfer Operators

WorldRemit, one of the online remittance provider, widely patronised by Nigerian, is calling for the urgent restoration of money transfers to Nigeria. The company said the ‘draconian new rules leave virtually all money transfer operators MTOs unable to provide services to the West African country’. According to the company, only three […]

FIRS Sues Acorn Petroluem For NGN226 Million
Big Business

FIRS Sues Acorn Petroluem For NGN226 Million

The Federal Inland Revenue Service, FIRS has sued Acorn Petroleum company to pay to it over N226m it owes in outstanding tax liabilities, the agency is also asking for another NGN10million as the cost of its counterclaim. The FIRS filed the counterclaim before a Federal High Court in Lagos, against the […]