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MTN yet to submit application for listing, says SEC

MTN yet to submit application for listing, says SEC

Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has said that MTN Nigeria has not filed any application that could kick-start regulatory consideration of the proposed listing of the telco on the Nigerian stock market. SEC stated that while there had been some engagements with the telco, MTN Nigeria or its professional parties […] …

Ayuk seeks collaboration on local content development, improved governance

Ayuk seeks collaboration on local content development, improved governance

Centurion CEO and Executive Chairman of the African Energy Chamber, NJ Ayuk, will lead an industry delegation to Nigeria this week to meet various oil industry players. According to the statement on Wednesday by African Energy Chamber, Ayuk, who arrived Lagos, called for more industry collaboration on key issues pertaining to Nigeria’s oil & gas industry, […] …

CBN vows to make Nigeria world’s third palm oil producer

CBN vows to make Nigeria world’s third palm oil producer

The Central Bank of Nigeria (CBN) has vowed to help push Nigeria to the world’s third largest producer of palm oil. If successful, Nigeria will overtake Thailand and Columbia as a major palm oil producer in the world. Addressing stakeholders in the palm oil industry in Abuja Monday, the Governor of the CBN Mr. Godwin […] …

FIRS Arraigns Companies, 3 Others Over Tax Evasion, Assault on Revenue Staff

FIRS Arraigns Companies, 3 Others Over Tax Evasion, Assault on Revenue Staff

The Federal Inland Revenue Service (FIRS) on Monday arraigned Fortless Global Concept Limited and Everyday Wine Shop and their representatives at the Federal High Court, Abuja on alleged tax evasion, obstruction of official duty and attack on staff of the FIRS on duty among other charges. In the Charge No: FHC/ABJ/CR/48/2019, between the Federal Government […] …

Samsung has transformed Nigeria into FPSO construction hub – NCDMB

Samsung has transformed Nigeria into FPSO construction hub – NCDMB

Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) unit in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has declared. Speaking to reporters in Lagos on the local content milestones in the oil and gas industry, Executive Secretary of […] …

Move to IPPIS or face consequences, AGF tells MDAs

Move to IPPIS or face consequences, AGF tells MDAs

The Accountant General of the Federation (AGF) Ahmed Idris has advised Ministries, Departments and Agencies (MDAs) of Government to comply with the directive to move their payroll to the Integrated Personnel Payroll Information System (IPPIS) or be ready for the consequences. Ahmed warned the Treasury will leave no stone unturned in ensuring that President Muhammadu […] …

Dollar set for biggest weekly drop in three months

Dollar set for biggest weekly drop in three months

The dollar slipped against its rivals on Friday and was set for its biggest weekly drop in more than three months before a U.S. Central Bank meeting next week. Policymakers will at the meeting shed more light on the outlook for interest rates. While no change in policy rates is expected next week after the […] …

Fed govt launches mobile app to boost ease of doing business

Fed govt launches mobile app to boost ease of doing business

The Federal Government through the Presidential Enabling Business Environment Council (PEBEC) on Thursday launched a new Ease of Doing Business (EoDB) Mobile App, Nigeria’s official public service feedback and complaints platform for business environment reforms. The web-based portal or platform will enable the PEBEC office resolve issues and complaints encountered by private sector operators with […] …

I didn’t interrogate Akingbola, says EFCC witness

I didn’t interrogate Akingbola, says EFCC witness

A chief inspector at the defunct Intercontinental Bank Plc, Abdulraheem Jimoh, on Thursday told the Federal High Court in Lagos that he did not interrogate the bank’s Managing Director/Chief Executive Officer Dr Erastus Akingbola during his investigation. Under cross-examination by defence counsel Chief Wole Olanipekun (SAN) during Akingbola’s trial before Justice Mojisola Olatoregun, Jimoh, the […] …

EFCC re-arraigns ex-Intercontinental Bank MD on money laundering

EFCC re-arraigns ex-Intercontinental Bank MD on money laundering

The Economic and Financial Crimes Commission (EFCC) on Wednesday re-arraigned a  former Managing Director of the defunct Intercontinental Bank PLC, Erastus Akingbola in a Federal High Court in Lagos, for alleged Money Laundering charges. He is charged by the EFCC with amended 22 count charge bordering on the offence. He had pleaded not guilty to […] …

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