MultiChoice Rejects Tax Tribunal’s Ruling On $342m Payment     MultiChoice Africa Holdings (MAH), the parent company of MultiChoice Nigeria, has rejected Tuesday’s ruling of the Tax Appeal Tribunal (TAT), which dismissed its appeal against the $342million Value Added Tax (VAT) bill slapped on it by the...

Bond Investors Get N160bn Interest Payment In 2 Weeks       Investors in the Federal Government of Nigeria (FGN) bonds are expected to reap N160 billion as interest (coupon) payment in two consecutive weeks even as the Debt Management Office (DMO) auctions N145 billion worth of bonds...

Payments To Failed Banks’ Depositors Now N116.2bn – NDIC   Nigerian Deposit Insurance Corporation (NDIC) The Nigerian Deposit Insurance Corporation (NDIC) has said it will apply more stringent supervisions of banks going forward in partnership with the Central Bank of Nigeria (CBN). This is even as...

NIBSS Moves To Improve Payment System The Nigeria Interbank Settlement System has said it is committed to the development of payment systems in the country. In a statement, the Managing Director, NIBSS, Mr Ade Shonubi, said there was a need to respond to the yearnings of...

408 Defunct PHCN Workers Gets N1.05bn Labour Liabilities Payment A total of 408 workers of the defunct Power Holding Company of Nigeria or their next of kin have been verified and are set to receive N1.05bn, the Bureau of Public Enterprises has said. In a statement...

Mobile Payments Record 4.1% Increase In 3months From April to June, a total of 20.7 million transactions were carried out in the country through the mobile payment platforms. Data from the National Bureau of Statistics (NBS) for quarter two put the value of these transactions at...