Some shareholder groups said that they boycotted a meeting called by the Securities and Exchange Commission, SEC, to resolve issues on the e-dividend payment because they were not involved in the proposals. The groups told the News Agency of Nigeria (NAN) in Lagos that they were also aggrieved because the Commission failed to protect their interest during the downturn in the capital market.
SECRETARY of Berthing Meeting, Mr Vincent Ohizu, has Monday said that all shipping companies are complying with the Presidential directive banning midstream discharge of cargoes on the nation’s waters..
The Federal Inland Revenue Service (FIRS) said it hopes to increase its tax collection to N5.6 trillion this year, even as it commenced moves to introduce redesigned tax forms.
The disagreement over lifting of oil and gas cargoes between the management of Nigerian Ports Authority (NPA) and the Concessionaires in Eastern ports has caught the attention of the National Assembly as it has directed the NPA to maintain the ‘status quo’ in its dealings with the operators.
Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) is set to deploy three brand new platforms to curb the activities of armed robbery at sea.
In Nigeria, insurance has never been a popular buy. A common answer being given by the average Nigerians on why he will not buy insurance has always been “Insurance don’t pay claims.”
The uncertainty in life is what makes insurance so important. Although we can never predict what will happen to us, with the right insurance policies we can recover from our financial losses. This is because the insurance company will share the risk with us, to provide us enough security.
The federal government has activated and commenced access to a $500 million African Development Bank (AfDB) loan with the setting up of a monitoring and evaluation (M&E) committee in Abuja. The loan aimed solely as intervention for the power sector is to be released in tranches of $100 million. The setting up of the committee is one of the pre-conditions for drawing on the loan.
THe Association of Advertising Agencies of Nigeria (AAAN), has said that the advertising industry contributes over $2 billion (over N300 billion) to Nigeria’s economy as it rolls out red carpets in celebration of the Association’s 40 years anniversary.
Last year, only 74 companies out of the lot operating in Nigeria got the National Pension Commission, PenCom, certificate of compliance to the Contributory Pension Scheme, CPS.
Stanbic IBTC Pension Managers has opened a new office in Warri. Mr Eric Fajemisin, Executive Director, Administrator, Stanbic IBTC Pension Managers, said the opening of its Warri office informs its focus on taking pension services closer to Nigerians, availing them the opportunity of interacting directly with its staff on any issue relating to their pensions, planning for retirement, investment outlook, or any clarification that they may require.
Last week, we considered the actions required of the current Board of Directors of Union Bank of Nigeria Plc – UBN, following on the judgement of the Investments and Securities Tribunal, IST, in respect of an originating application, case no IST/LA/OA/20/2010, brought by the Securities and Exchange Commission against UBN and 19 others.
Unilever Nigeria Plc has appealed to its shareholders to embrace the electronic dividend and electronic bonus as a solution to the problem of unclaimed dividend in the country.
There are many people out there who want to buy shares as investment but they are confused on what to buy. Though stockbrokers are supposed to advise people in this regard, many have however lost confidence in stockbrokers. From this week, we would be providing information that could help investors overcome some of these confusions.
Usually companies sell shares to investors. But a company can also buy its shares from shareholders. When it does so, the company is said to have ‘Buy Back’ its shares. Many shareholders do not understand the concept of “share buyback”. It is simply the acquisition by a company of its own shares from its shareholders.
Eleven years after former President, Olusegun Obansanjo granted licenses to 18 individuals to construct refineries in a bid to open up the country’s downstream sector of the petroleum industry to private investors, there are indications that the government will not achieve its aims, as issues bordering on financing are hindering the construction of refineries by the investors.
The management of PHCN Ikeja Electricity Distribution Company has said that the fire incidence that occurred at the Ikeja West Transmission station was as a result of some defective transmission transformers.
My stockbroker is Alliance Capital. I told him to buy shares of Niger Insurance, Dangote Sugar and Flour Mills worth N95, 000. He bought only Dangote Sugar for unknown amount. I called him but he didn’t pick my call and it’s over four years now. (Ajueshi Ochuko)
Vital Voices Global Partnership and Women in Management, Business, and Public Service (WIMBIZ) have announced that they will host the Supporting Public Advocacy for Regional Competitiveness (SPARC) Program and Forum in Lagos.
Nigeria earned about $16.609 billion (N2.641 trillion) from the export of crude oil in three months — between January and March 2013, according to data released by the Central Bank of Nigeria, CBN.
Part one of this article reviewed the legal framework of Dodd-Frank, calling attention to its transparency and disclosure provisions in the global extractive industry.
Among the top ten stocks that enjoyed investors’ patronage are Courteville Business Solution (CBS) Eterna Plc, UTC Nigeria Plc, DN Meyer, International Breweries plc, Costain, National Salt Company (NASCON), Ikeja Hotel, Livestock Feeds and IPWA Plc.
The Nigeria Electricity Regulatory Commission, NERC has commenced the N50, 000 new pre-paid meter scheme, under the Credited Advance Payment for Metering Implementation (CAPMI).
The Offshore Technology Conference, 2013 held at the Reliant Centre, Houston, Texas, United States of America, no doubt drew a wide range of participants from around the world.
President Goodluck Jonathan on Monday in Abuja challenged banks in the country to fund infrastructure development in Africa.
The House of Representatives has threatened to issue a bench warrant against chief executive officer of banks who fail to appear before it over failure to render account on tax remittances.
*Says withdrawal of polymer notes by the CBN is based on durability
BY UDEME CLEMENT
The move by the Central Bank of Nigeria (CBN) to jettison polymer naira notes less than a decade after it was introduced by the same bank has sparked controversy in the financial sector. While some experts stressed that the new [...]
The Federal Government has expressed its determination to tackle challenges of exporting traditional food produce to the European Union and United Kingdom.
Governor Babatunde Fashola of Lagos State, on Tuesday, urged Nigerians to imbibe the culture of conservation as a way of life in all sectors, especially in the energy area.
Achebe: Exit of a literary giant