Business

Financial experts and other stakeholders in the nation’s capital market will gather on Saturday, December 9, at Orchid Hotels, Ajah, Lagos to discuss how to make the market contribute more to the growth of the economy. The forum is the annual workshop of   Capital Market Correspondents Association of Nigeria (CAMCAN) that is organised every year as part of the association’s efforts to contribute to the development of …

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…As Federal Workers Said Gwarzo Removal is Long Overdue …Calls For SEC Board To Be Constituted As the forensic auditing into the activities of Oando Plc on the Nigerian Stock market commenced Wednesday, some operators in the market have asked Mr. Mounir Gwazor, the suspended Director General of the Securities and Exchange Commission (SEC) to respond squarely to issues of …

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Former Lafarge CEO Bruno Lafont was questioned on Wednesday over allegations that the French cement-maker indirectly financed jihadists in Syria, sources close to the case said. Lafont was questioned along with former human resources chief Eric Olsen and former deputy managing director for operations Christian Herrault, the sources told AFP. Lafarge is accused of paying the Islamic State group and …

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The World Bank on Tuesday announced the provision of a $350 million loan (N107.4 billion at the official exchange rate of N307 to a dollar) for the development of rural electrification projects in Nigeria. It also announced Nigeria’s Rural Electrification Agency as the implementing organisation of the Federal Government that would be in charge of the loan. The bank stated …

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The management of BUA Group has been using armed militia, soldiers and policemen to mine marble and limestone in mining sites allocated to the Dangote Group, the Ministry of Mines and Steel Development has alleged. In a statement signed by the ministry’s Permanent Secretary, Mohammed Abass, on Tuesday, the ministry said the company had been using a combination of armed …

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The Asset Management Corporation of Nigeria (AMCON) has disowns media stories on Grant Properties Limited. According to a statement from the corporate head of corporate communication Jude Nwauzor, the attention of Asset Management Corporation of Nigeria (AMCON) has been drawn to some sponsored and inaccurate stories on some online publications regarding a pending debt-related issue between one Mr. Olajide Awosedo, …

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Barring any last minute change, the Securities and Exchange Commission (SEC), will Wednesday commence Forensic Audit into the activities of Oando Plc. The Commission who said there is no going back on its earlier decision to look into the books of the indigenous oil giant, noted that the Audit by external bodies will be flawless and according to best practice. …

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Chummy Reuben A group of Bayelsans under the aegis of Bayelsa State Graduate has thrown their weight behind  the State Governor, Henry Serike Dickson, decision to  prosecute over 7000 allegedly wage thieves. Speaking through their leader in Yenagoa, Mr. Eddy Soko, he stated that the group supported the effort of the state government so as to sanitize the civil service …

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The House of Representatives has resolved to probe the suspension of the Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, by the Minister of Finance, Mrs. Kemi Adeosun, over alleged financial abuses. While this is on, lawmakers want both parties to “maintain the status quo” pending the outcome of the probe.

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In a bid to salvage the fuel supply and distribution challenges witnessed in some parts of the country due to panic buying from motorists, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, Tuesday, cut short his trip to London. Dr. Baru, who was billed to receive the Forbes Oil & Gas Man of …

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