Business

The probe by the joint Senate Committees on Customs, Excise and Tariff and Marine Transport has led to the recovery of N140 billion, Senator Hope Uzodinma, said on Wednesday. Uzodinma, who is chair of the committee spoke while presenting an interim report on the investigation of the Nigerian Customs Service (NCS) to the House. The lawmaker highlighted wrong tariff classification, …

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Folake Sokoya Shareholders of Oando Plc on Thursday commended the Securities and Exchange Commission (SEC) resolve to investigate allegation leveled against the management of the company. Reacting to the development, National Coordinator Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie said the decision will restore investors’ confidence in the capital market. SEC had of Wednesday directed the Nigerian Stock Exchange …

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Mr Omotayo Sowunmi, a witness in the  alleged N8 billion Central Bank of Nigeria (CBN) currency scam case, on Wednesday said that the apex bank  lost N8.3 million in a single box meant to contain N10 million. Testifying before Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Ibadan, Sowunmi, a staff of Ecobank, said he was present when the box meant to …

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The Bring Back Our Girls (BBOG) campaigner and United States Congresswoman, Frederica Wilson, has  maintained that President Donald Trump’s condolence call to the widow of Sergeant David Johnson who died in a Boko Haram ambush in Niger last week, Myeshia, showed lack of compassion. Wilson, in a statement Wednesday night, said despite Trump’s criticism of what she said, she stood …

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Photo Caption: From Left: Aminat Olatunji, Remittance Unit, Consumer Banking, Ecobank Nigeria, Chineze Obiako, Remittance Unit, Consumer Banking, Ecobank Nigeria, Tunde Kuponiyi, Head, Consumer Distribution, Ecobank Nigeria; Gloria Edafe – Asedegbega, Ecobank customer and  her husband Jerome Edafe Asedegbega during the presentation of Western Union mega promo star prize – Hyundai Car to the Ecobank customer at the Ecobank Head …

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…To respond officially soon Following the company’s shares suspension on the floor of the Nigerian Stock Exchange (NSE)) on Wednesday, the management of Oando Plc has reintetated its commitment to continue to act in the best interest of its shareholders. The Securities and Exchange Commission (SEC), hard earlier in the day through a circular directed the NSE to suspend trade …

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The senate has urged the federal government to appoint a separate minister for the ministry of power to ensure optimal performance. Under the present administration, the ministry of power is combined with those of works and housing, with Babatunde Fashola overseeing them. The senate also urged the government to immediately incorporate special purpose vehicles (SPVs) for the implementation of alternative …

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The Nigeria Customs Service, Sokoto Command, has seized contraband worth N30 million in the last six months. The Comptroller, Federal Operation Unit, Zone B, Kaduna, Mr. Usman Dakingari, made the disclosure shortly after inspecting the seized items at the command headquarters in Sokoto Wednesday. He said the contraband, which included rice, vehicles, vegetable oil, second hand clothes as well as …

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The Nigerian Stock Exchange (NSE) is pleased to announce that it has donated a school to the Borno State Government as part of its Corporate Social Responsibility (CSR) programme, to help Internally Displaced Persons (IDPs). The school, Maisandari Alamderi Model Nursery and Primary School, located in the Abuja Talakawa District of Maiduguri, comprises two blocks of nine classrooms that will …

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The Nigerian Stock Exchange (NSE) has suspend trading in the shares of Oando Plc, effective for forty eight hours from today October 18 to 20, 2017. The suspension follows the Securities and Exchange Commission (SEC) directive to the self regulatory body. According to a statement from the NSE, which was signed by Tinuade Awe, General Counsel / Head of Regulation, …

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