Business

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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The reported wrecks removal initiative by the Nigerian Maritime Administration and Safety Agency (NIMASA) has received wide commendations from industry player and Stakeholder in the maritime sector, Dr. Chris Asoluka. Speaking in Lagos recently, Dr. Asoluka, a former Chairman of Oil and Gas Free Zone Authority (OGFZA), noted that the efforts of the Dr. Dakuku Peterside led Management of NIMASA to reposition the maritime sector is a development long overdue. …

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International Rating Agency, Standard and Poor’s (S&P) assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on the Nigerian Sovereign. S&P’s ‘B’ rating is the highest rating …

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