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  • Business
  • Updated: August 29, 2021

Latest Business News August 22 - August 29, 2021: Top 5 Business News Roundup For Last Week

Welcome to the AllNews roundup of the 5 Latest Business News that made the round last week.

Bank Launches Anti E-Banking Fraud Campaign

Access Bank Plc launches awareness campaigns aimed at sensitizing customers on measures they can take to protect themselves from e-banking fraud and more.

This is coming barely 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 Tax Backlog

DSTV's parent company, MultiChoice, has been ordered by the Tax Appeal Tribunal (TAT) sitting in Lagos to pay back 50 percent (N900 billion) of the N1.8 trillion tax it allegedly owes the Federal Inland Revenue Service (FIRS).

The Director, Communications and Liaison Department of the FIRS, Abdullahi Ahmad, made this known in a statement in Abuja on Wednesday. Read more here.

Here Are Nigeria's Best And Worst Performing Sectors Today

According to the Nigerian Bureau of Statistics (NBS), Nigeria recorded its biggest increase in GDP since 2014 in the second quarter of 2021 with an upsurge of 5.01 percent.

This growth also marks three consecutive quarters of growth following the negative growth rates recorded in the second and third quarters of 2020. Read more here.

Guinness Nigeria's Proposes N1 billion Dividend As Profit Surges 110%

Breweries company, Guinness Nigeria Plc, has released its full-year audited financial statement for the year ended  June 30, 2021, revealing a 110 percent increase in profit after tax.

The audited results which were released to the Nigerian Exchange Group (NGX) at the financial year-end indicated that revenue increased 54 percent to N160bn versus the prior period of 2020. Read more here.

Nigeria Spends $1.04billion On Food Import

The Central Bank of Nigeria has reported that the foreign exchange it supplied for the importation of food was as high as $1.04 billion in the first half of this year.

CBN's report on sectoral utilisation for transactions valid for forex showed 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.

These are the latest Business news that made trends during the week. Visit our website https://allnews.ng for more Business news around the world.

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Lawrence Agbo
Lawrence Agbo

Lawrence is a vibrant journalist that loves creating SEO-focused content that drives businesses. ...

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