One of the ways to teaching your children financial independence in later life is encouraging them to save. By so doing, they learn to be prudent in money management. This article identified 6 commercial banks offering children savings account services. EARLY SAVERS ACCOUNT by Access bank *It is a savings account for children between ages […]
What you should know about children’s saving accounts Read More »
Twitter has sued the world’s richest man Elon Musk, asking that he be compelled to complete his plan to acquire the microblogging site. Musk had agreed to buy Twitter for $44 billion but he would later withdraw from the process, citing Twitter’s refusal to heed his request for ‘critical’ information. He, among other things, accused
Twitter sues Elon Musk for annulling acquisition plan Read More »
Seplat Petroleum Plc has rejected a judgment blocking the sale of Exxon Mobil assets to it. According to Bloomberg, the Nigerian National Petroleum Company Limited had in 2020 sued the American oil company, seeking to prevent it from divesting its remaining assets in Nigeria. Seplat had shown interest in acquiring the assets for $1.28bn. The
Seplat rejects court order barring it from acquiring Exxon Mobil assets Read More »
Directors of the United Bank for Africa, Zenith, Guaranty Trust Bank, and First Bank of Nigeria and those of six other banks pocketed N6.96bn sitting allowance and compensation in 2021. The others are Union Bank for Nigeria Plc, Stanbic IBTC Holdings Plc, FCMB group Plc, Wema Bank Plc, Fidelity Bank Plc and Unity Bank Plc.
How UBA, Zenith, GTB, FBN directors pocketed N6.9bn in allowances Read More »
Parenting in modern times is getting increasingly challenging. For those involved in nine-to-five jobs or any such busy endeavours, monitoring their kids access to the internet can be such a difficult task. Besides, a growing number of parents are handing their children mobile phones (some, smartphones) for reasons including security, safety, and convenience. Therefore, like
6 mobile apps to help parents monitor their kids’ online activities Read More »
Two companies – Orbital Lottery & Gaming Limited and Africlick Limited (trading as Win Sapa) – have debuted the Nigerian lottery marketplace. Lanre Gbajabiamila, the director-general of the National Lottery Regulatory Commission (NLRC), while presenting sports betting permits to the entrants, urged them to adhere to regulatory rules. “Do not give us any course to
Two new companies enter Nigerian lottery market Read More »
The Bureau of Public Enterprises has further clarified its role in the takeover of five poor performing power distribution companies, naming Ibadan DisCo the worst of them. Ibadan DisCo is originally managed by former banker Tunde Ayeni. According to Alex Okoh, BPE’s director-general, Ayeni’s Integrated Energy Distribution and Marketing Limited (IEDM) “is the worst performing
How Tunde Ayeni’s IEDM mismanaged Ibadan DisCo – BPE Read More »
The Lagos State Internal Revenue Service (LIRS) says tax payers could make payment only by using the Enterprise Tax Solutions (e-Tax). The LIRS says it will no longer accept generated bill references from payment sources, effective from August 1, 2022. Ayodele Subair, LIRS executive chairman, stated this in a statement the agency issued. Subair said
Lagos taxpayers to use only enterprise tax solution (eTax) for payment – LIRS Read More »
Money Deposit Banks (MDB) have continued to act in defiance of the Central Bank of Nigeria (CBN) guidelines specifically reducing the payable charge for Remote-on-Us transactions. For clarity, Remote-on-Us transaction is when a bank customer withdraws from another bank’s ATM. The guidelines, released in January 2022, had among other reviews pegged bank service charge for
GTB, Zenith, UBA, others shun CBN’s order on ATM withdrawal fee Read More »
Mars, American confectionery company, has issued a consumer advisory regarding a range of its products it says are unhealthy for consumption. The products are SKITTLES Gummies, STARBURST Gummies, and LIFE SAVERS Gummies. According to the company, the affected gummies are facing recall due to the presence of thin metal strand embedded in them. Moreover, the
Alert: Keep these Mars products away from kids, home Read More »
