Dangote Sugar Refinery has declared N4.8 billion dividend for the year ended December 31, 2014 to be paid to its shareholders. The dividend, which translates into 40 kobo per share, was approved by the shareholders at the 9th Annual General Meeting (AGM) in Lagos. In his address to shareholders, the Chairman of Dangote Sugar, Alhaji Aliko Dangote, said despite the challenging circumstance in 2014, Dangote Sugar posted a turnover of N95 billion.

Shareholders of FBN Holdings Plc have called for the winding up Asset Management Corporation of Nigeria, AMCON. Also, FBN Holdings have explained to its shareholders why it declared 10 kobo dividend and one for 10 bonus for the financial year 2014, stressing that it was done to further boost its business for the benefit of all stakeholders in the nearest future.

The helicopter could not continue the flight to Port Harcourt due to bad weather and was returning to Osubi airstrip when it collided with high tension cables belonging to Power Holding Company of Nigeria (PHCN) located along the road to Delta Steel Company, Ovwian, Aladja, Delta State. “The investigation identified one causal and two contributory factors while five safety recommendations were made.”

The idea of introducing VAT in Nigeria came from the study group set up by the Federal Government in 1991 to review the entire tax system. VAT was proposed and a committee was set up to carry out feasibility studies on its implementation. In January, 1993, the then government agreed to introduce VAT by the middle of the year.

Record has it that six million tonnes of waste are generated annually in Lagos and that 30 percent of such waste can be recycled to reduce the amount going to landfills. In other words, Lagos generates the equivalent tonnage in waste products for eight states in the country daily. It also operates eight landfill sites to process domestic and industrial waste in various locations across the state.

“The most important thing is the allowances of the utilisation of the retirement savings balance for the provision of a primary home. For the first time, you are now able, as a contributor, to utilise part of your balance to secure your own primary home in accordance with the guidelines to be issued by the commission.

The Chartered Institute of Stockbrokers (CIS) has commenced move to obtain from accreditation from the Ministry of Education for its professional Diploma in Securities and Investment. Vanguard gathered that the CIS has held discussion with the Federal Ministry of Education on the need to accredit the institute’s professional diploma in Securities and Investment and push for its acceptability for admission into higher institutions.

“The recent strengthening of the Rand versus the Naira will increase the value of the South African profits to the Group, and is a testament to the advantages of having added Lafarge South Africa to the Group,”

“As a result of this, a lot of unplanned settlements and encroachments on both land and water by these immigrants have become a burden. The houses built on the Lagos lagoon overtime in the Makoko area continued unabated and soon became worrisome due to the speedy and fast encroachment on this waterway and further extension towards the PHCN high tension cable on the lagoon. Consequently, the ministry found it expedient to undertake a study of this development and tagged it ‘Houses on Water’,”

Seven chieftains of Ette in Olamaboro Local Government Area of Kogi State have dragged the Federal Republic of Nigeria before the Court of Justice of Economic Community of West African States, ECOWAS, alleging threat to their right to existence and self-determination.

OSOGBO — The Speaker of Osun State House of Assembly, Najeem Salaam, has promised to mobilise the next assembly to drive a stakeholders’ summit that will examine the challenges facing the state and the lasting solution to them. In a statement signed by his Chief Press Secretary, Mr. Goke Butika, in Osogbo yesterday, Salaam empathised with the enduring workers of the state who were confronted with inevitable delayed wage and pensioners who would have to endure, saying the situation will be addressed shortly.

THE All Progressives Congress, APC, senators, on the platform of Unity Forum, has dismissed insinuations on the use of primary election to pick the Senate President for the next dispensation, saying it was rallying round Senators Lawan Ahmad and George Akume as Senate president and deputy Senate president respectively.

NIGERIA is on the highway. This Friday, May 29, 2015, as we approach a major T- Junction, we shall stop to change drivers. Brother Goodluck Jonathan, who has driven us since February 10, 2010, will handover the steering to Comrade Muhammadu Buhari. As Buhari takes us to the T-Junction, we would either turn right, and start doing things right, or left, and continue on the familiar road of dependency, consumerism, ruinous market forces, prodigal privatisation, fuel importation rather than refining, and neo-liberal policies that take, rather than create jobs. Then, it will be business as usual.

Family Physicians have decried the dearth of medical doctors in the country, lamenting the ratio of one doctor to 6,400 patients as against the World Health Organisation WHO, recommendation of one doctor to 600 patients

As part of its expansion plan in African countries, Dangote Cement Plc will next week Thursday commission its 2.5 million mtpa cement plant in Ethiopia, as the company inches towards the mark of 40 million mtpa total production capacity globally before year end.