Politics

The board of directors of Nigerian Breweries Plc has recommended that 100 per cent of the N19.401 billion profit after tax (PAT) recorded for the year ended December 31, 2018 be paid out as dividend to shareholders. The recommendation is contained in the company’s audited financial reports made available to the Nigerian Stock Exchange (NSE) yesterday. According to the results, …

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In a clear show of its resilience and strong market share, Zenith Bank has announced an impressive result for the year ended December 31, 2018 with profit before tax (PBT) rising to N232 billion for the 12 months ended December 31, 2018.  Also, in demonstration of its commitment to its shareholders, the bank has announced a proposed final dividend pay-out …

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The Federation Account Allocation Committee (FAAC), disbursed the sum of N270.17 billion to the Federal Government in January, 2019, the National Bureau of Statistics (NBS) has disclosed. The NBS said this in FAAC January, 2019 Disbursement statistics posted on its website. According to the bureau, the states received a total of N178.04 billion while local governments received N133.83 billion. The …

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The Department of State Services has issued a disclaimer for former director-general Lawal Daura who was sacked last year, after mounting a blockade of the National Assembly. In a rare statement on Tuesday by spokesman Peter Afunanya, the secret service agency warned that “any person or group that further engages him or his representatives/associates does so at their own peril”. …

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The Nigerian Stock Exchange (NSE) on Monday reacted negatively to sudden election postponement, dropping by N196 billion as predicted by financial experts. Specifically, the market capitalisation shed N196 billion or 1.61 per cent to close at N12.004 trillion against N12.200 trillion on Friday, due to the postponement. Also, the All-Share Index which opened at 32,715.50 lost 525.43 points or 1.61 …

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The Centre for Anti-Corruption and Open Leadership, CACOL has urged the new ICPC Boss to ensure that the weighty allegations against suspended Director General of the Securities and Exchange Commission, SEC, Mounir Gwarzo are not swept under the carpet, but rather be made to face the consequences of his actions. In a petition addressed to the President Mohammad Buhari and …

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The Tony Elumelu Foundation, an African-funded and founded philanthropy committed to empowering African entrepreneurs has announced its last call for applications into its prestigious 2019 Entrepreneurship Programme. The application portal launched on the 1st of January 2019 will close on the 1st of March, 2019. Selected beneficiaries will join 4,470 current alumni and will receive $5,000 seed capital, access to …

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Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), says threatening people with death in context of election is incitement to electoral violence. Atiku was reacting to a statement credited to President Muhammadu Buhari that ballot-snatchers will pay with their lives. In a statement on monday, Phrank Shaibu, aide to Abubakar, quoted his principal as saying Buhari’s comment …

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The Independent National Electoral Commission (INEC) has lifted ban on political campaigns, allowing parties to tighten “lose ends” ahead of the February 13 Presidential election. Disclosing this in a statement on Monday night in Abuja, the National Commissioner with the INEC and Chairman, Committee on Information and Voter Education, Mr Festus Okoye, said that the commission has lifted the ban …

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By Simon Ugwu The Federal Government recently approved the Rules governing the conduct of the Disciplinary Tribunal of the Institute. The approval has further strengthened members/customers’ confidence in the industry. Advertisement

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