Business

Branches of Ecobank Nigeria Limited in Anambra State were on Thursday June 1st sealed on the authority of the Anambra State Board of Internal Revenue based on a purported Exparte Court Order  on account of Legacy Oceanic Bank alleged PAYE back tax of N2.5 billion for the period between 2006 and 2011. According to a statement from the bank, it …

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Dayo Emmanuel Human Capital Development Centre (HCDC), a project of the Nigerian Export Promotion Council (NEPC) has graduated 64 students from its garment manufacturing and pattern drafting training program in Lagos. Speaking at the event, Chief Executive Officer of the NEPC, Mr. Olusegun Awolowo said, “HCDC furthers our mission to boost Nigeria’s non-oil exports, which we believe will characterize our …

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From Left: Olumide Orojimi, Head, Corporate Communications, The Nigerian Stock Exchange (NSE); Oscar  Onyema, Chief Executive Officer, NSE and Pai Gamde, Acting Head, Corporate Services Division, NSE at the media launch of the NSE X-Academy at the Exchange on Thursday.  

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No fewer than 500 pupils participated in the Heritage Bank Plc-GTA Communications Limited Children Day Celebrations organised for 20 primary and secondary schools in different parts of Lagos State over the weekend. Apart from the exited pupils and students who trooped out to participate in the celebrations, the event, held at Ronnie Event Centre at the Agege, also had in …

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Photo Caption: From Left: Haruna Jalo-Waziri, Executive Director, Capital Market Division, The Nigerian Stock Exchange (NSE); Mr. Hassan Jibril, Treasury Manager, MRS Nigeria Plc; Mr. Andrew Onum, Chief Legal Counsel, MRS Nigeria Plc; Oscar  Onyema, Chief Executive Officer, NSE; Mr. Andrew Gbodume, Managing Director, MRS Nigeria Plc; Mrs. Oluwakemi Jafojo, Company Secretary, MRS Nigeria Plc; Mr. Martins Orogun, Chief Financial …

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As part of its drive to help deepen the debt capital market, FMDQ OTC Securities Exchange has availed its platform for the registration, listing and quotation, and trading of debt securities. Specifically, the OTC Exchange has welcomed another corporate commercial paper (CP) programme registration, the Rand Merchant Bank Nigeria Limited ₦80 billion Commercial Paper Programme (the Rand Merchant Bank CP …

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The Nigerian Senate has passed the Petroleum Industry Governance Bill, the long-awaited legislation that promises broad reforms to the nation’s oil and gas industry. The report on the bill, produced by the Senate joint committee on gas, petroleum (downstream) and petroleum (upstream), was presented on Thursday by Donald Alasoadura, APC-Ondo. After a clause-by-clause consideration, with few amendments, the Senate approved …

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The Kaduna State Internal Revenue Service (KDIRS) said  it generated N6.7 billion as Internally Generated Revenue (IGR) between January and April. The Executive Chairman of KDIRS, Muktar Ahmed, announced this in Kaduna on Thursday at a news conference to mark the second anniversary of Gov. Nasir El-Rufai led-administration. Ahmed said the state’s monthly revenue generation had increased from an average …

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Electricity supply would be disrupted in many parts of Lagos this week as Eko Electricity Distribution Company on Monday announced five days power outage in the city. EKEDC spokesman, Godwin Idemudia, said in a statement that the outage would affect Ikoyi, Victoria Island and parts of Lagos Island from Wednesday to Sunday. Idemudia said that the outage was to enable …

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Shareholders at the weekend in Lagos applauded the Dangote Flour Mills return to profitability after posting a profit before tax of N11.82bn for its financial year ended December 31, 2016. The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing shareholders at the 11th Annual General Meeting in Lagos said “Despite the tough business environment, I am delighted to announce that your …

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