Business

Corruption in Nigeria has worsened in the last one year, according to Transparency International’s Corruption Perception Index 2017 released on Wednesday. According to TI, Nigeria, with a score of 27 per cent, now ranks 148 out of 180 countries. The organisation said Nigeria’s latest result was worse than that of 2016 wherein Nigeria was ranked 136 with a score of …

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The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, on Wednesday approved 6.7billion dollars for the construction of Ibadan-Kaduna standard gauge railway project. Addressing State House correspondents on the outcome of the meeting of the Federal Executive Council (FEC), held at State House Council Chamber Abuja, the Minister of Transportation, Rotimi Amaechi said the project was part of the Ibadan …

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The Board of the International Organization of Securities Commissions (IOSCO) is proposing guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process.   Conflicts of interest and associated conduct risks stemming from the role of intermediaries can threaten the integrity and efficiency of equity capital raising, damage investor …

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The National Bureau of Statistics on Wednesday released the sectoral report for Value Added Tax for the 2017 fiscal period, stating that the country generated a total of N972.34bn from VAT. An analysis of the VAT report showed that the amount was collected from 28 sectoral activities during the period under review. A breakdown of the amount showed that the …

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In continuation of the Executive/Legislative engagement on critical plans and activities of government, the Minister of Budget and National Planning, Senator Udoma Udo Udoma on Wednesday evening briefed a joint session of the National Assembly leadership on the Economic recovery focus labs which kicks off in Abuja, next month. The Minister explained that the focus labs are aimed at driving the …

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By: Amos Okioma The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Maikanti Baru has called for sustained encouragement owing to the remarkable pace of work at the Azikel Refinery site, even as it lauded the President of Azikel Group, Dr Azibapu Eruani for having achieved 65% completion on the phase I, II and III stages. This, the …

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More laurel came the way of Nigeria’s fully integrated telecommunications network, Globacom on Monday night as the company was given an award of recognition for its silent contributions to road safety in the country over the years.   The award of recognition was formally presented to Globacom at a high profile dinner marking the climax of the activities put together …

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The Managing Director, Ecobank Nigeria, Charles Kie has reaffirmed that the transformation agenda of the bank to be one of top three banks  in Nigeria within the next few years is on course. He reiterated that Ecobank is investing in human capital to remain profitable and competitive. Also the bank is also enhancing its  capital, technology, driving innovation and building …

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Heritage Bank Plc, one of Nigeria’s Most Innovative Banking Services Provider has partnered Next Generation to educate and empower not fewer than 300 primary and secondary school pupils, in a bid to make them emotionally intelligent to take financial decisions in the future. Ajiri Efeturi, Team Lead, Customer Insight and Business Support of the bank disclosed this at a seminar organised …

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Japaul Oil and Maritime services Plc has said that the company has entered into a binding commitment with Milost Global Inc., an American Private Equity firm with Head Office in New York City, USA. According to a notice to the Nigerian Stock Exchange (NSE) on Tuesday, the company said it wishes to notify its shareholders and other stakeholders that it …

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