Business

SEC, CBN Real-Out Guidelines on Securities Settlement in Nig As part of its growth strategy and development of the stock market and to further promote competitive, efficient, safe and sound post trading arrangements in Nigerian financial market, the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria have introduced some sets of guidelines on securities settlements in Nigeria. …

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  NCAA Lacks Professionalism – Arik Air  Nigeria’s largest surviving private domestic airline, Arik Air has described the fine slammed on it by Nigerian Civil Aviation Authority (NCAA) as unprofessional, saying the regulatory authority did not allow it to formally respond to the letter it earlier sent to it. NCAA had on Tuesday slammed a N6 million fine on Arik …

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Over N5tr Projects Abandoned Across Nigeria – Reps A House Representative member, representing Zaria Federal Constituency, Dr Abbas Tajuddeen, on Wednesday said more than N5 trillion government projects were abandoned across Nigeria. Tajuddeen made the disclosure in an interview with the News Agency of Nigeria in Zaria, Kaduna State. Tajuddeen, who expressed “deep worry” over the situation said the country …

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Dangote lauded on sponsorship of African Food Festival Calabar Cross River State Governor, Professor Ben Ayade last weekend joined participants at the maiden African Food festival Calabar to commend Dangote Industries Ltd for sponsoring the event. The Governor represented by his wife, Dr. Linda Ayade who declared the food festival open lauded the exemplary attitude of Dangote Group in sponsoring …

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1.7 million Nigerians became jobless in nine months —NBS The harsh economic situation in the country has thrown 1.7 million Nigerians into the job market in nine months, a report from the National Bureau of Statistics has indicated. Specifically, the report showed that the number of unemployed Nigerians rose from 9.48 million at the beginning of the year to 11.19 …

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Fun begins as Glo-sponsored One Lagos Fiesta commences    The end of year festivities have entered a high gear for over 20 million Lagos residents as the much anticipated One Lagos Fiesta (OLF) kicked off on Saturday, with data grandmasters, Globacom as a prime sponsor and exclusive telecoms partner.   OLF is an initiative introduced last year by the administration …

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Flour Mills Says Dollar Shortage Boosting Sales Flour Mills of Nigeria Plc, the country’s biggest miller by market value, has said a shortage of dollars in Africa’s most populous nation is boosting sales as buyers starved of the United States currency buy more food products locally. “Everyone is trying to see how to source locally and that is good’’ for …

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EKO Disco Announces Planned Power Outage The Management of Eko Electricity Distribution Plc has announced that there will be an interruption in power supply to some areas within its network on December 29 for routine maintenance. According to an agency report, the company’s General Manager, Communication, Mr. Godwin Idemudia, made this announcement in a statement on Thursday in Lagos. Idemudia …

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From left: Mr. Victor Famuyibo, Human Resource Director, Nigerian Breweries Plc;  Mr. Nicolaas  Vervelde, Managing Director/ Chief Executive Officer, Nigerian Breweries Plc; Mr. Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Chief Kolawole Jamodu, Chairman, Nigerian Breweries Plc; Mr. Uaboi Agbebaku, Company Secretary/ Legal Adviser, Nigerian Breweries Plc at the Closing Gong Ceremony in commemoration of the company’s 70th anniversary …

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