Reps ask NPA to reverse termination of agreement with IntelsThe House of Representatives yesterday waded into the continuing controversy… FCMB Bank Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank Limited, an independently included subsidiary of First… FCMB Bank Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank Limited, an independently incorporated subsidiary of First City Monument… DMO extends N100bn Sukuk offer by 2 daysThe provide for subscription of the Federal authorities N100 billion Sukuk which… Senate halts consideration of immigration budgetThe Senate yesterday suspended consideration on the 2017 budget of the Nigerian… The House of Representatives yesterday waded into the ongoing controversy between the Nigeria Ports Authority …

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Off-market transfers of PDIs not on PNGX may be topic to stamp duty because the switch of a marketable security. Newmont Corporation is the first company to be listed in PNG utilizing PDIs. The IRC has acknowledged that the use of PDIs may be extra common going forwards. The IRC reserves the proper to rethink its position ought to new data come to gentle “Without this optimistic recommendation from the IRC, PNG holders of PDIs would have faced complicated taxation treatment of dividends from abroad corporations listed on PNGX utilizing PDIs. This complexity would have been to the drawback of both PNG investors and the PNG capital market” mentioned PNGX General Manager, Ms Elizabeth Wamsa. “The recommendation from the IRC signifies that traders will receive dividends web of USA withholding taxes, and they might want to seek their own advice on the taxation of the dividends and their entitlement to a overseas tax credit”.

India Likely To Witness Slower Development In Steel Consumption In Fy25: Icra

The energy ministry helps entry of the personal sector in nuclear power as India eyes an increase in technology capacity to fulfill surging demand. The Reserve Bank of India Wednesday directed banks and card community firms, such as American Express, Mastercard, Rupay, and Visa, to end Business News unique pacts on bank cards, probably compelling banks to rejig buyer presents. Icra mentioned in a report on Thursday that elevated enter costs, import pressures, together with softer steel costs are expected to sequentially p…