The United Bank for Africa (UBA) on Thursday, announced that Mr Abdoul-Aziz Dia will join the bank’s Board of Directors subject to the approval of the Central Bank of Nigeria. Mr Dia, a Senegalese citizen, has over 25 years of banking experience garnered from several countries across the globe, including the United Kingdom, France, Nigeria, […]
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The Securities and Exchange Commission (SEC) said that it has approved MTN Nigeria’s application to list on the Nigerian Stock Exchange (NSE) by way of introduction. Mrs Efe Ebelo, SEC Head, Corporate Communications, confirmed this to the News Agency of Nigeria (NAN) in Lagos. Ebelo said the commission has approved the company’s application to be […]
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The Naira on Tuesday gained 40 Kobo to exchange at N359 to the dollar at the parallel market in Lagos, stronger than N359.6 traded on Monday. The Pound Sterling and the Euro closed at N470 and N402, respectively. Trading at the Bureau De Change (BDC) segment saw the naira closing at N360 to the dollar, […]
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The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that no fewer than 130 textile companies have died in the country in recent times due to some constraints. Emefiele made the statement during a courtesy call on Gov. Aminu Masari of Katsina State on Monday. ‘’Textile industries used to be the […]
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The Tony Elumelu Foundation (TEF), Africa’s foremost champion of entrepreneurship, will host its 5th Annual Forum — the largest annual gathering of African entrepreneurs – on July 26 – 27, 2019. The two-day event will take place at the iconic Transcorp Hilton Hotel, Abuja. The Forum is the culmination of the annual Tony Elumelu Foundation […]
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Prices of tomato and pepper have soared by 60 per cent in some markets in Lagos, a development that is supposed occasioned by the forthcoming Ramadan. In a survey conducted at Mile 12, Oke Odo, Oyingbo and Iddo markets, Lagos, reveals that a 40 kilogramme (kg) basket of tomato, which cost N5,000 two weeks ago […]
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The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Tuesday said N617.56 billion revenue generated in March was shared from the federation account to the three tiers of government. The amount showed a decrease of about N2.29 billion from what was shared in February. Idris said this at a news conference at the end […]
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The Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) says it has recovered about N118 million from two commercial banks in the country. The panel’s Head, Media and Communication, Lucie-Ann Laha, made this known in a press statement in Abuja on Tuesday. According to her, the recoveries were made as a result […]
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The Federal Government of Nigeria has inspected 64 coaches under construction in China for the various rail projects in Nigeria with 10 coaches to be delivered in June for Abuja-Kaduna rail corridor. The Minister of Transportation, Rotimi Amaechi, led a delegation to China to inspect the level of work at the Chinese Railway Rolling-stock Corporation […]
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Chairman, Heirs Holdings and Founder, Tony Elumelu Foundation, Tony O. Elumelu has called for far reaching Tax reforms and for the National Assembly to urgently pass the Executive Tax bill into law. Elumelu made this statement as he delivered the keynote address at the 21st Annual Tax Conference of the Chartered Institute of Taxation of […]
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