Category: News

Innoson Urges Court To Set Aside Order On GTB’s Plan To Transform To Holding Company
July 13, 2021 No Responses

Innoson Urges Court To Set Aside Order On GTB’s Plan To Transform To Holding Company

AN Enugu-based manufacturing and trading company, Innoson Nigeria Limited, is seeking the order of a Federal High Court, Lagos Judicial Division, to, among others, set aside its ex parte order approving GTB’s intention to transmute to Guaranty Trust Holding Company PLC. Innoson Nigeria Limited is also askin...
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Entries For NCC’s 2021 National Essay Competition Ends July 30
July 13, 2021 No Responses

Entries For NCC’s 2021 National Essay Competition Ends July 30

Entries for the 3rd National Essay Competition of Nigerian Communications Commission (NCC) ends Friday, 30th July, 2021.    Titled:5G Technology: Opportunities & Challenges, the competition now in its third edition is designed to inspir...
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SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others
July 13, 2021 No Responses

SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others

The Securities and Exchange Commission (SEC) has proposed N10 million registration fee for issuing houses, underwriters and fund managers from the current fee of N500,000.  The commission stated this in a document titled, “Exposure of proposed new rule ...
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Dangote Cement Acquires 2,000 Trucks, To Commission Edo Plant
July 12, 2021 No Responses

Dangote Cement Acquires 2,000 Trucks, To Commission Edo Plant

By Moses Ebosele, ebosele@hotmail.com — The management of Dangote Cement Plc has rolled out over 2,000 trucks for distribution services as part of measures to address challenges related to the ease of distribution and availability of cement across the c...
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G20 Finance Ministers Back Deal To Tax Companies
July 12, 2021 No Responses

G20 Finance Ministers Back Deal To Tax Companies

G20 finance ministers have backed an “historic” plan which will see multinational companies pay their “fair share” of tax around the world. The plan to battle tax avoidance puts in place a minimum global corporate tax rate of 15%. ...
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‘Edo Inland Dry Port’ll Fast Track Nigerian Export’
July 11, 2021 No Responses

‘Edo Inland Dry Port’ll Fast Track Nigerian Export’

The Edo State Governor, Mr. Godwin Obaseki, has said the Edo Inland Dry Port will create a new vista to boost Nigeria’s export.   The governor made the submission at the Public-Private Dialogue on Inland Dry Port Operations in Nigeria orga...
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Standard Alliance Insurance Demands N10b Damages From NIA
July 10, 2021 No Responses

Standard Alliance Insurance Demands N10b Damages From NIA

Standard Alliance Insurance Plc. has demanded N10 billion from Nigeria Insurance Association (NIA) as damages for loss of reputation that resulted from its purported expulsion by the association.  This is contained in a letter sent to NIA by the solicitor...
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Pope To Deliver Sunday Blessing From Hospital
July 10, 2021 No Responses

Pope To Deliver Sunday Blessing From Hospital

The Vatican on Friday said Pope Francis recovery from intestinal surgery is continuing normally but Sundays prayer would be led from Rome’s Gemelli hospital. The Vatican said the pontiff is walking and working but he is not well enough to...
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NCC Faults Report On Sales Of Three Million New Lines In Q1
July 10, 2021 No Responses

NCC Faults Report On Sales Of Three Million New Lines In Q1

The management of Nigerian Communications Commission (NCC) has denied reports that three million sim cards were sold in the first quarter of 2021. The Commission in a statement explained that it was impossible to have recorded such sales when the ban...
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FG Vows To Recover N37b Debts Owed By Bi-Courtney, Others
July 9, 2021 No Responses

FG Vows To Recover N37b Debts Owed By Bi-Courtney, Others

The Minister of Aviation, Hadi Sirika, says efforts have been intensified by the ministry to recover over N37 billion debts owed by airlines in the country.  The minister made this known at the weekly ministerial press briefing organised by the...
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Kaduna Seals Fidelity Bank Branches Over N43.3m Tax Liabilities
July 9, 2021 No Responses

Kaduna Seals Fidelity Bank Branches Over N43.3m Tax Liabilities

The Kaduna State Internal Revenue Service (KADIRS) on Thursday, sealed four branches of Fidelity Bank Plc. over N43.3 million tax liabilities.  The branches are located at Ali Akilu Road, Ahmadu Bello Way, Polytechnic Road by Maimuna Gwarzo Junction, and ...
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Yusuf, Ex-LCCI Boss Implores FG On Enabling Environment For Businesses
July 9, 2021 No Responses

Yusuf, Ex-LCCI Boss Implores FG On Enabling Environment For Businesses

The immediate past Director-General, Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf, has urged the Federal Government to create an enabling environment to drive export business. Yusuf gave the advice at the monthly forum of the Finance Correspond...
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AIB Releases Eight Reports
July 9, 2021 No Responses

AIB Releases Eight Reports

The Accident Investigation Bureau Nigeria (AIB-N) has released eight final reports involving seven serious aircraft incidents and one accident that occurred between 2010 and 2019.  Presenting the report on Thursday in Abuja, the Commissioner of AIB, Mr Ak...
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Nigeria, UNESCO Renew Support For Lake Chad
July 8, 2021 No Responses

Nigeria, UNESCO Renew Support For Lake Chad

The Nigerian Government has pledged renewed commitment to partner with UNESCO as part of measures to improve  livelihoods of inhabitants of the Lake Chad Region.  Minister of Water Resources, Mr Suleiman Adamu made the pledge on Wednesday, when ...
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