Business

The Acting Registrar-General of the Corporate Affairs Commission ( CAC ), Lady Azuka Azinge yesterday in Kano said the Commission has introduced online registration method aimed at curbing the menace of fraudsters and middle men. Speaking during a sensitization progarmme in Kano, Lady Azuka said the online registration method will go a long way in removing hiccups and ambiguities hitherto …

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Flour Mills of Nigeria has concluded plans to sell shares through a rights issue to cut debt and is registering a N70 billion bond programme to refinance short-term loans, the conglomerate said on Wednesday, Reuters has reported. Several Nigerian companies have tapped capital markets this year to shore up their balance sheets after a currency crisis in 2015 dragged the …

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Citibank recently concluded a week long Cash & Trade Seminar for banking industry professionals.  The seminar had over 45 participants from various banks in the industry.  The annual seminar is a demonstration of Citi’s commitment to using its global resources and expertise to improve the knowledge base of Nigeria’s banking professionals.   The course is designed to provide both intermediate analysis of …

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...As Commission Put Strigent Measure in Place To Check Further Abuse …Encourages Youth To Imbibe Saving Culture The Securities and Exchange Commission (SEC), has disclosed that listed companies have been found to fake operating positions to get regulatory approval to delist from the equities market. The Commission said to further checkmate such scenario from playing-up again due to its zero …

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Access Bank Plc plans to pursue organic growth in Ghana rather than mergers & acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday. Ghana’s central bank in September raised the minimum capital required for banks threefold to 400 million cedis ($92 million) as part of …

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Minister of Budget and National Planning, Senator Udoma Udo Udoma has challenged the Chartered Institute of Personnel Management of Nigeria (CIPMN) to develop templates and modules of capacity development that can improve the productivity of the Nigerian workforce. The Minister who delivered a keynote address at the 49th Annual General Meeting (AGM) of the Institute in Abuja on Tuesday evening, noted …

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As part of its commitment to the growth and socio-economic development of Nigeria’s creative industry, Heritage Bank Plc has partnered with the organizers of the International Festival of Contemporary Dance (IFCOD) to host the second edition of One Language, a musical production of intrigue, dance and drama. The essence of the musical production is to unite humanity across the world and …

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The Nigerian Customs on Monday has seized 6,206 bags of foreign parboiled rice in Lagos worth over N105,000,000 in cash. Deputy Comptroller, Nigerian Customs, Mr. Dauda Ashigye and Comptroller Mohammed U. Garba briefed the Nigerian press on the seized bags of rice in Lagos. Smugglers have continued to make series of attempts to flood Nigeria with goods which are known …

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With an end to Nigeria’s worst recession in two decades buoyed by improved performance of oil, agriculture, manufacturing and trade sectors, the economy is well on its way to a full recovery. In September 2017, the National Bureau of Statistics (NBS) validated that the country has exited the recession with a growth of 0.55% in the second quarter of 2017. …

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The IMF has warned that Nigerian governments’ ability to effectively finance infrastructure and services is constrained by low tax collection Comments from the International Monetary Fund (IMF) (http://APO.af/e3xusi) around Nigeria’s low tax-to-GDP ratio highlight the importance of driving higher levels of payroll and accounting automation among the country’s businesses, especially small, micro and medium-sized enterprises, says Magnus Nmonwu (http://APO.af/j24b88), Regional …

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