Tag: Federal

Investors get N29b from unclaimed dividend in one year
November 27, 2016 No Responses

Investors get N29b from unclaimed dividend in one year

Ongoing campaign by the Securities and Exchange Commission (SEC) for investors to embrace e-dividend mandate has led to the payment of N29 Billion out of N90 Billion unclaimed dividend  between November 2015 and this year.   Briefing Journalists on the...
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224 firms bid for crude lifting contracts
November 25, 2016 No Responses

224 firms bid for crude lifting contracts

Not less than 224 local and foreign firms have submitted bids for the purchase and sale of Nigeria’s crude oil. Speaking at the opening ceremony for the sale and purchase of the crude oil grades in Abuja, the Group Managing...
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SEC unveils capital market journal
November 25, 2016 No Responses

SEC unveils capital market journal

The Securities and Exchange Commission is set to improve the financial literacy of Nigerians as poor financial literacy has been identified as one of the factors responsible for the low level of financial inclusion in the country. This was disclosed...
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Minister tasks NIMASA Board on mandate
November 25, 2016 No Responses

Minister tasks NIMASA Board on mandate

The Minister of Transportation, Rt. Hon. Rotimi Chibuike Amaechi has urged the members of the Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) to assist the Management of the Agency discharge its mandate optimally.  Deliverin...
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‘Senate allegations against VON Automobile is unsubstantiated’
November 25, 2016 No Responses

‘Senate allegations against VON Automobile is unsubstantiated’

VON Automobile Nigeria Limited has described Senate allegations of economic sabotage as “falsehood and premeditated blackmail to disparage the company’s impregnable accomplishment”. VON Automobile Managing Director Adetokunbo Aromolaran expressed this re...
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CBN implores FG on domestic debt
November 23, 2016 No Responses

CBN implores FG on domestic debt

As part of measures to protect the integrity of the financial system, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has called on the Federal Government to evaluate its domestic indebtedness and put modalities in place...
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Stakeholders seek legal backing for 2006 Ports concessioning
November 23, 2016 No Responses

Stakeholders seek legal backing for 2006 Ports concessioning

Apparently worried by the legal challenges trailing its operations, Seaport Terminal Operators in Nigeria on Tuesday appealed to the National Assembly to pass into law the Ports and Harbour Bill as part of measures to  give legal backing to ports...
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Minister advocate structured system of movie distribution
November 23, 2016 No Responses

Minister advocate structured system of movie distribution

The Minister of Information and Culture, Alhaji Lai Mohammed, has tasked stakeholders in the nation’s movie industry to fashion out astructured system of distribution that will guarantee return on investment and protect Nigerians from exposure to unwho...
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Strategic role of Board, Management synergy, by NIMASA DG
November 23, 2016 No Responses

Strategic role of Board, Management synergy, by NIMASA DG

To achieve the Nigerian Maritime Administration and Safety Agency (NIMASA) vision of becoming the leading maritime administration in Africa, it is important that there is no disconnect between policy formulation and policy implementation, Director General,  D...
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NSE Photo News
November 23, 2016 No Responses

NSE Photo News

L – R ( A ) shows Serge LeVert-Chiasson, Senior Partner, Sarona Asset Management; Danladi Verheijen, Managing Director, Verod Capital Management; Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Wale Adeosun, Chief Investment...
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NPA to partner maritime professionals
November 23, 2016 No Responses

NPA to partner maritime professionals

The Managing Director, Nigerian Ports Authority (NPA) Ms Hadiza Bala Usman has pledged  to work with professionals in the maritime sector and make the ports attractive to business. According to Usman, NPA was more determined to close the gaps between the...
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FG expends N1.1tri on debt servicing in nine months
November 22, 2016 No Responses

FG expends N1.1tri on debt servicing in nine months

The Federal Government has spend not less than N1.1 trillion on debt servicing in the last nine months, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, has said.  According to the minister, this also includes N44 billion...
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BPE to partner PTAD on pension issues
November 22, 2016 No Responses

BPE to partner PTAD on pension issues

Acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Onome Akpotaire has pledged the Bureau’s willingness to work with the Pension Transitional Arrangement Directorate (PTAD) to achieve its mandate especially on pension issues arisi...
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Nigeria’s GDP drops by 2.24% in 3rd quarter
November 22, 2016 No Responses

Nigeria’s GDP drops by 2.24% in 3rd quarter

For the third quarter 2016, Nigeria’s Gross Domestic Product (GDP) dropped by 2.24 per cent.  Data released on Monday by the National Bureau of Statistics (NBS) revealed that Nigeria’s economy shrunk by 2.06 per cent due to revenue shortage, foreign...
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