Trade facilitation: Customs unveils digital baggage import declaration
The Nigeria Customs Service, NCS has announced the deployment of a Simplified Baggage Import Declaration System at the Seme Area Command. This marks a new phase in its drive for digital innovation, trade facilitation, and improved passenger clearance processes. The initiative is designed to streamline baggage declaration, reduce clearance time, and enhance transparency for legitimate […]
Unauthorised sale of shares: Sanctions are confidence booster
Regulatory infractions involving unauthorized sale of clients’ shares contrary to the rules and regulations governing dealing members of the Nigerian Stock Exchange (NSE) is now on the increase.
Multi-Trex 2013 performance falls over negative working capital
The Board of Directors of Multi-Trex Integrated Foods Plc, processors of cocoa and other consumer-based products, has disclosed that its financial position for the year ended April 30, 2014, was badly hampered by Assets Management Corporation of Nigeria (AMCON) refusal to allow it access to bank loan.
IFC provides $80m facility for Azura-Edo power plant
The International Finance Corporation, IFC, a member of the World Bank Group, yesterday, signed an agreement to provide an $80 million debt facility, about N13.6 billion to Azura Power West Africa Limited, to finance the 450 mega watts (MW) gas-fired Azura-Edo Independent Power Project in Nigeria.
Alleged Rights Violation: Coca-Cola, NBC challenge charge against them
ABUJA —Coca-Cola Nigeria Limited, its Managing Director, Mr Adeola Adetunji, Nigerian Bottling Company and its Managing Director, Mr. Ben Langat, have challenged the mandate given to Chief Bayo Ojo, SAN, to prosecute them for alleged violation of the Consumers Protection Council Act.
Lamudi unveils white paper on real estate in emerging markets
As part of activity to mark one year anniversary in the Nigerian property market, property portal, Lamudi.com has unveiled a white paper on real estate in the emerging markets.
