Africa trade policy group appoints Ese Owie as Convenor, targets global influence
By Jeremiah Urowayino Trade experts and thought leaders from across the African continent have said Africa has a role in shaping the World Trade Organisation, WTO, reform, noting that the world is at a critical juncture for the multilateral trading system. They said this while launching the Africa Trade Policy Working Group, ATP Working Group, […]
How to recover from business failure
Failure is just part of life. When we learn a new skill we fail at it time again before we get it right. It happens when we learn to ride a bike or swim. If we avoided failure altogether we’d never try anything new.
Mutual Benefits records 39% growth in PBT
Mutual Benefits Assurance Plc has reported a profit before tax of N4.52 billion from a position of 911 million in 2013 which represents a 39 per cent increase for the financial year ended 31st December 2014. Chairman of the company, Mr. Akin Opeodu disclosed this to shareholders last week at the company’s annual general meeting in Lagos.
32 states default on compulsory group life insurance
Although the Contributory Pension Scheme, CPS, has been in operation for over 11 years now, 32 state governments are yet to comply with the section of the Pension Reform Act, 2014 which mandates employers to have compulsory group life insurance for employees.
Nigeria’s digital marketing to hit $10bn
Nigeria’s digital market ing space has been projected to hit $10 billion mark from its present value of $2billion by 2020.
A building contractor’s liability and a structural engineer’s liability (2)
The previous week, we noted that two persons, the building contractor and a structural engineer associated with a building which collapsed at Ikotun, were to be investigated as to their roles in the deaths of persons at the building site.
Master mariners fault local content, cabotage levies
Nigerian Association of Master Mariners, (NAMM), has raised alarm over the payment of 1.5 percent Local content and two percent Cabotage levies by indigenous operators, which they described as double taxation.
Ford to start truck manufacturing in Nigeria
American automobile manufacturer, Ford Motor Company has announced plans to start assembling its best-selling Ford Ranger pickup truck in Nigeria by October, 2015.
Skye Bank to raise N30bn equity, restructure loans
Skye Bank Plc is in talks to raise N30 billion from existing and new investors before the end of the year to bolster its capital base, its chief executive, Timothy Oguntayo said on Monday.
Auditors doubt Multiverse going concern status
Auditors of Multiverse Resources Plc, Sola Oyetayo & Co, have expressed uncertainty over the ability of the company to continue as a going concern following existence of huge losses and liability in its 2014 audited account. (following significant erosion of its capital).
Experts fault CBN’s cash limit on ATM withdrawal
Some financial experts and businessmen on Tuesday said the Central Bank of Nigeria (CBN) limit on cash withdrawal via the Automated Teller Machine (ATM) may lead to a disruption of cash flow.
