Business

…Assures On Implementation To The Overall Benefit Of Bayelsans By Amos Okioma Governor Seriake Dickson of Bayelsa State, on Thursday signed ten bills, including the Public Service Records and Documentation Centre Bill 2018, into law. A statement by the Governor’s Chief Press Secretary, Mr Francis Ottah-Agbo listed the bills to include; the Niger Delta University (Amendment) Bill, Media Corporation Bill, …

Read More »

The Board of Directors of Guinness Nigeria Plc on 1st August 2018 approved the appointment of Mr. Baker Magunda as the Managing Director/Chief Executive Officer and as a Member of the Board of Directors of Guinness Nigeria Plc with effect from 1st July 2018. Mr. Peter Ndegwa, gave notice of his resignation as the Managing Director/Chief Executive Officer of Guinness …

Read More »

The Nigeria Employers’ Consultative Association has again called on the Federal Government to compel commercial banks to discontinue the deduction of N50 as stamp duties from the accounts of customers. The Director-General of NECA, Mr Olusegun Oshinowo, made the appeal in an interview with the News Agency of Nigeria  in Ikeja on Friday. He said it was wrong for banks to continue …

Read More »

Partners US Fed Reserve, South Africa Central Bank, JP Morgan The Central Bank of Nigeria (CBN) is developing a risk-based cyber security framework for deposit money banks (DMBs) and payment service in partnership with stakeholders in the financial industry. Statistics put the cost of cyber-crime globally at $700 billion annually, a figure projected to rise to about $2 trillion by …

Read More »

Notore Chemical Industries (Notore) Plc on Thursday August 2, 2018 listed its entire paid up share capital on the Nigerian Stock Exchange (NSE), opening up the agro-allied company to the general investing public 13 years after it was privatised by the Federal Government. A total of 1.612 billion ordinary shares of Notore were listed at N62.50 per share under the …

Read More »

The World Bank has indicated that it is willing to provide technical support to Nigeria in critical areas to facilitate the country’s economic growth and development. The Bank’s Vice President for African Region, Mr. Hafez Ghanem, who gave the indication in Abuja during a discussion with the Minister of Budget and National Planning, Senator Udoma Udo Udoma, said the World …

Read More »

Mrs. Adekanla Adegoke is the Head of Oando Foundation. She is a development practitioner with over 14 years experience in programme management, advocacy, monitoring and evaluation gained across North America, Europe, Bangladesh and Africa. As one of the pioneer staff, she was instrumental in the establishment of Oando Foundation in 2011 and has successfully led teams at various levels of …

Read More »

Flourmills Nigeria Plc has opened its first quarter report for the period ended June 30, 2018 on a negative note as the company revenue for the period went down by 10.70 percent. The company was not able to sustain its profit before tax and profit for the period level. A breakdown of the unaudited financial statement shows that revenue moved …

Read More »

Promasidor Nigeria Limited said it had secured a N5.6bn credit from the Bank of Industry to support its aggressive expansion programmes. The Finance Director, PNL, Mr Per Kristensen, said the facility would be used for additional machinery, factory expansion and value chain development, which would create jobs for Nigerians and increase the company’s capacity to support the country’s economy. Kristensen …

Read More »

World food prices fell 3.7 per cent in July from the month before with declines seen across all crop types, the United Nations food agency said on Thursday. The Food and Agriculture Organisation (FAO) said in Rome that the drop was the sharpest monthly drop since last December. FAO’s food price index, which measures monthly changes for a basket of cereals, …

Read More »