₦airaland Forum

The price of United Capital Plc was adjusted today, 9th March, 2018 for a dividend of N0.35 as declared by the board of directors. The last close price was N4.00 hence the ex-div price N3.65.

Resort Savings and Loans secures $250 million finance from Milost Global

In a notice sent to the Nigerian Stock Exchange (NSE) today has announced a financing agreement with Milost Global, a private equity firm. As part of the terms of the agreement, Milost will invest $250 million in the bank comprising $100 million as equity capital and $150 million as debt.

The transaction will take place through a private placement, subject to the approval of the NSE, Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN). Resort Savings in December last year, had notified stakeholders that it was in talks with a local investor to invest ₦8 billion in the bank. Talks regarding this, are still ongoing.

ACADEMY PRESS PLC RESULTS AT A GLANCE For Third quarter ended 30-12-2017 30-12-2016 % N'000 N'000 Increase/Decrease Revenue 1,582,641 1,388,693 14 Profit/Loss before taxation (121,984) (283,557) (57) Taxation - ----- Profit after taxation (121,984) (283,557) (57) Profit/Loss per share (20k) (47k) (57) At period ended 30-12-2017 31-03-17 Property, plant and equipment 1,589,336 1,806,019 (12) Share Capital 302,400 302,400 - Equity 103,154 225,138 (54) Number Number Number of employees 253 243 (4)

GavelSlam:
Baseless story.

By the way, I thought you guys said they only marry northereners. How come he's named Tunde?

Ogbeni read well before making comments.

Tunde, originally called Sabiu Yusuf. He is the son of Mamman Daura’s immediate younger sister.

Biggie225:
Buhari through his forex policy made all his households,family and friends billionaires overnight.
He gave them free access to purchase dollars on loan at #198 which they sell at the rate of #365 ..
198 subtracted from 365 gives u #165
Buhari is a thief ,criminal

That Forex is the biggest scam in this government.

Police officer with beard.

Awoo88:
I see!! So what is happening to the ipo now

For Nigeria?

That IPO might likely be transferred elsewhere

Awoo88:
The ipo don't need to reduce the man's age. 73 years old can be charged for murder. Even as the story bi

You don't get it .

There was no murder in the first place.

ihatesycophant:
Mr. Man, I got this my present job by doing all the necessary exams and passing through all procedure. I don't belong to quota system staff. I am not even remotely related to any politician or government functionary. I applied for many jobs, sat for many aptitude tests, gone through many screenings and penciled to be eligible to work as a federal staff. I also did my Comfirmation Exams and passed. I have gone through the ladder and not jump any.
Again, I am tired of this your back and front argument.
Please who initially owe UNION, FIRST, UBA, NORTH BANK FOR AFRICA, TRADE BANKS?
All your listed private guards don't do direct tax of their personnel it is only the companies that pay tax as entity.

Oga, say what you know.

It is fraudulent for any company to withhold taxes of their employees.

Lagos State collecte Paye(Personal Income Tax) from most private security companies operating in lagos, i have seen some their payroll system and tax records.
Only corporate tax goes to the federal government.

UnionBank was Barclays Bank of Nigeria Limited before government acquired 51%

Government never had any stake in most of the New Generations banks.

Enough .

Bye

ihatesycophant:
Why jumping up and down in your comment. You did mentioned private security in your earlier comment and I used it as yardstick to what is obtainable within the ranks of private workforce. For your info, I work as a public servant at federal level. These are part of questions asked in some of our promotion exams. Few private organisation do direct tax of their workers. The example of bank you mentioned are directly under government before and even owed by it. They ate still operating under the strict law that established it. Can you conveniently say with these 100 private companies, 10 do direct taxing. My first employment was with textile industry, follow by teaching job to my current employment at the federal level. Just to tell you I have past through all sectors of employment.

Private security firms guiding coys like MTN, GTB, EcoBank, Chevron, Access Bank and British International School. Remit PAYE for all staffs to state government.

Which bank is under the government, apart from BOI, BOA and Federal Mortgage?

You think i don't know about the Civil Service.

Most of you guys get federal government job based of quota system and sentiment .

How many of you can compete with private sector employees .

ihatesycophant:
Sorry for yourself. Why jumping into equal you know next to nothing about. How many private firm pay direct tax of its personnel into government pulse? You guys would just want to comment for comment sake without single iota of reasoning. How much do private guard pay their workers that their workers would be taxed directly. Virtually all private owed sector do indirect taxing and does not come into equation at hand. I am cog sure some of you commenting here have not started working or employed in government parastatal. It's only the entity of private guard company that do direct tax and not its employees. Please be guided and learn because a primary school pupil may one day ask you.

You are the one not reasoning well here.

Since you can't properly construct your paragraph, let me put it down clearly for you.

1. Most private(including private security) firms remit PAYE to the State Governments and Corporate to the Federal government.

2. Private sector remit workers taxes according to the Personal Income Tax Act (PITA). (S.81 of Personal Income Tax Act Cap P8 LFN 2011)

Are you saying Banks and Telco are indirectly taxing their workers? how?

3 Every federal government employees pay taxes to their state of resident.

By residency rule, an employee’s PAYE is payable to the tax authority of the state of his/her residence. It is therefore the duty of the employer to deduct and remit it to the tax authority where the employee is resident. If the employee is resident in Suleja, the tax authority that is entitled to his PAYE is the Niger State Board of Internal Revenue. If he is however resident in Mararaba, the tax authority will be the Nasarawa State Board of Internal Revenue.

I am 100% sure you have not worked in the Treasury department before, because if you have you won't be arguing blindly.

MODEL indeed

Na. I don't believe this video at all.

After the stab the guy just fell down like that and die with no blood stain on ground.

And I those police officers were around doing the whole fight.

They (Police) didn't intervene or even try to assist the guy that got stabed.

This will backfire on those migrants trooping to Europe

What's Osun spending 7 billion on, when Anambra and Enugu are spending just 4 billion

The news is four months old.
Yet people are jubilant that over it

Warlord3000:
@OP...

That moment when you wanna score cheap point but it ends up backfiring

Hahaha I have never seen such a backfire on NL for very long time.

The OP couldn't believe his eyes

The governor is very smart, building a seaport and linking it with an Highway to the north is good for business.

Most Northern business owners will want these to happen fast.

Olisa wait till Lai come and teach you how opposition works.

Lai is the only man that can stand up to Olisa

People can't read,
The first count charge, which was “cowardly behaviour”, was struck out

And how are they paying them before.

sammhi:
you must be a person of very low intelligence. what this guys is doing is what all the youths should be doing ...putting good research on pubic issues...researches are for all to know and hold a public officer to scrutiny. if most of the Nigerian youths are like this, then each governor etc will sit up
but we all like to keep quiet so that we can lick the crumbs falling from the table or we are so intellectually lazy nothing can be offered as a counter
In sane societies, fasola will go jail not being rewarded with ministerial appointment ...thief is thief whether you steal billions or millions

In sane country all our politicians will go to jail.

But since you people singled-out Fashola and Fayemi due to your Bigoted sentiments, you successfully deflate your argument.

That is why people don't take TonyeBarcanista and his Minions post serious anymore, because they always argues from thier personal sentiments.

You hardly find any neutral post on NL.

Are they only screening Fashola today?

They should move on the other nominees.

IYANGBALI:
na me dey sign am

He's correct.

Fashola, I don't sign cheques

Fake video

How Disu was killed should determine how the case will go.
Because Disu death was from a protest.
Hope these guys have access to good lawyers.