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.

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 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.

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 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.