The Asset Management Company of Nigeria (AMCON) is close to selling Peugeot Automobile Nigeria (PAN) Ltd, a local car assembly joint venture, to Africa’s richest man, Aliko Dangote, and two Nigerian states. “We have concluded all processes on the bids since about two months ago, all we are waiting for (now) is the approval of […]
As part of deliberate efforts to reduce youth unemployment levels in Nigeria, Fidelity Bank Plc in partnership with Gazelle Academy and the Federal Polytechnic, Oko Venture has just concluded an entrepreneurship training programme for 400 students in Anambra State. Organised under the Fidelity Youth Empowerment Academy stream three, the week-long training programme was aimed at […]
Erstwhile Governor of Anambra State, Peter Obi thursday called on the federal government to introduce a policy that will deepen the nation’s capital market through privatisation of assets. Speaking at second annual Capital Market Summit of the Association of Owners of Stockbroking Houses of Nigeria (ASHON) in Lagos, Obi said it was wrong for the […]
The Senate on Thursday passed first tranche of the Petroleum Industry Bill (PIB), titled the Petroleum Industry Governance Bill (PIGB) 2017. The bill, which is expected to take care of the governance aspect of the industry, scaled third reading following presentation of report of Joint Committee on Petroleum Resources (Upstream, Downstream, Oil and Gas). If […]
Shareholders of Nestle Nigeria Plc have commended the board of directors for recommending a dividend of N7.93 billion for the year ended December 31, 2016, despite the decline in bottom-line of the company. Speaking at the annual general meeting (AGM) in Lagos, the shareholders said it was gratifying to note that Nestle is paying a […]
Nigeria’s Federal Executive Council chaired by Acting President Yemi Osinbajo has approved a 29-member National Minimum Wage Committee to negotiate with labour unions and work out a new minimum wage. Labour Minister, Dr. Chris Ngige announced this at the end of the meeting in Abuja, and said members will be drawn from the Nigerian Governors’ […]
Shareholders of Dangote Cement on Wednesday were full of praise for the Board, Management and staff of the company after approving the dividend payout of N144.8 billion, which translated to N8.50 kobo per share as against N8 per share, that was paid in the corresponding period of 2015. Speaking at the company’s annual general meeting […]
Acting President Yemi Osinbajo: addresses civil servants on the need for hard work Text of a speech delivered by Acting President Yemi Osinbajo at a meeting with middle level civil servants in Abuja on Wednesday 24 May on the implementation of Executive Orders So, this morning I want to urge that the future lies in […]
The Senate has mandated the Central Bank of Nigeria (CBN) to sanction any commercial bank that refuses to collect coins from customers as deposits. It also charged the regulatory bank to convert lower currency notes into coins to be used side-by-side with notes in order to facilitate retail transactions in the country. This followed a […]
The Nigerian National Petroleum Corporation (NNPC) on Tuesday received no fewer than 34 bids submitted by different companies for the digitization of legacy documents in the corporate headquarters. The bid opening exercise was conducted in the full glare of representatives of the bidding companies and Civil Society Organizations (CSOs) at the NNPC Towers, Abuja. In […]