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Volkswagen Says Whistle-Blower Pushed It to Admit Broader Cheating

Volkswagen’s recent disclosure that it reported false fuel economy and carbon dioxide readings to European regulators was prompted by an internal whistle-blower, the company said on Sunday. Volkswagen admitted last Tuesday that it had underreported carbon dioxide emissions on 800,000 diesel- and gasoline-powered cars in Europe. That disclosure added to the automaker’s …

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TSA: CBN Fines Skye Bank N4bn for Concealing MDAs’ Funds

‎Less than two weeks after it sanctioned two major banks for flouting Federal Government directives on T‎reasury Single Account, the Central Bank of Nigeria ‎(CBN) has imposed a fine of N4 billion on Skye Bank f‎or concealing funds belonging to Ministries,‎Departments and Agencies (MDAs). In a circular from CBN, addressed to …

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Why Ekiti govt shuts down abbatoir

Butchers in Ekiti State on Friday trooped out in their hundreds to protest the imposition of new tax and closure of all abattoirs by Governor Ayo Fayose’s administration. Government had imposed a tax of N1, 000 on each cow slaughtered in the state, but the butchers refused to pay the …

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FRC report on Stanbic IBTC faulty, says CBN

The Central Bank of Nigeria (CBN) came down hard on the Financial Reporting Council of Nigeria (FRCN) saying the Council’s indictment of  Stanbic IBTC Holdings Plc (SIBTCH) is baseless and lacking in merit. The CBN Governor, Godin Emefiele who registered the bank’s displeasure with the Council in a letter addressed …

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MTN resumes trading on South Africa’s stock exchange after initial suspension

MTN group has resumed trading on the Johannesburg Stock Exchange (JSE), after an initial suspension earlier on Monday. The telecommunications company’s shares were halted few minutes before 11am on Monday, following controversies regarding its N1.04tr fine by the Nigerian Communications Commission (NCC). But MTN resumed trading at 1:40 pm, with warning …

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