Masonry Layout

The management of Transcorp Hotels Plc, has proposed 12.45 kobo dividend for the financial year ended December 31, 2017. The register of members closes March 7, 2018, while payment date is March 19, 2018. Annual General Meeting comes up on March 16, 2018 at Transcorp Hilton Hotel Abuja. Details of the audited financial shows a decline in turnover and profit …

Read More »

The Federation Account Allocation Committee on Thursday approved the sum of N635.55 billion to be shared to the three tires of government from the Federation Account as statutory allocation for the month of January. The figure was announced by the Accountant-General of the Federation, Idris Ahmed, shortly after the FAAC meeting, which was held at the headquarters of the Ministry …

Read More »

The Central Bank of Nigeria is to carry out a financial check of the winner of the 9mobile auction while the Nigerian Communications Commission will focus on the buyer’s ability to provide quality service, the Executive Vice-Chairman, NCC, Umar Danbatta, has said. “These are all measures we’re putting in place to ensure the survival of 9mobile and prevent a repeat …

Read More »

The Investments and Securities Tribunal (IST), sitting in Abuja, has awarded general damages of N3 million in favour of an investor in the capital market for losses and hardship suffered in the hands of his stockbrokers. This is contained in a statement signed by the Acting Director, Corporate Affairs, IST, Kenneth Ezra. According to the statement, delivering judgment in a …

Read More »

…437 individuals and 35 companies honoured …Launches Corporate Governance Index The Vice-President of The Federal Republic of Nigeria, Professor Yemi Osinbajo who was ably represented by Ambassador Chiedu Osakwe, the Nigeria Chief Trade Negotiator/Director General Office of Trade Negotiation delivered the closing remarks. The event saw the successful companies and directors presented with certificates confirming their CGRS certifications. Speaking at …

Read More »

Photo Caption: From Left; Pascal Dozie, Founder, Diamond Bank Plc; Dr. Benedict Oramah, President, Afrexim Bank; and Uzoma Dozie, Chief Executive Officer Diamond Bank Plc during a courtesy visit to Afrexim Bank Head Office, Cairo.   Advertisement

Read More »

Corruption in Nigeria has worsened in the last one year, according to Transparency International’s Corruption Perception Index 2017 released on Wednesday. According to TI, Nigeria, with a score of 27 per cent, now ranks 148 out of 180 countries. The organisation said Nigeria’s latest result was worse than that of 2016 wherein Nigeria was ranked 136 with a score of …

Read More »

The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, on Wednesday approved 6.7billion dollars for the construction of Ibadan-Kaduna standard gauge railway project. Addressing State House correspondents on the outcome of the meeting of the Federal Executive Council (FEC), held at State House Council Chamber Abuja, the Minister of Transportation, Rotimi Amaechi said the project was part of the Ibadan …

Read More »

The Board of the International Organization of Securities Commissions (IOSCO) is proposing guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process.   Conflicts of interest and associated conduct risks stemming from the role of intermediaries can threaten the integrity and efficiency of equity capital raising, damage investor …

Read More »

The National Bureau of Statistics on Wednesday released the sectoral report for Value Added Tax for the 2017 fiscal period, stating that the country generated a total of N972.34bn from VAT. An analysis of the VAT report showed that the amount was collected from 28 sectoral activities during the period under review. A breakdown of the amount showed that the …

Read More »