The Association of Motor Dealers of Nigeria (AMDON) has appealed to the Federal Government to lift the restriction on imported vehicles through land borders for the benefit of all Nigerians. The chairman of the group in Sokoto State, Alhaji Manaur Zagi, stated this on Tuesday during a workshop organized by the Nigerian Customs Service, Sokoto/Zamfara […]
Bamboo Global Inc, an online brokerage firm, yesterday launched on its platform Nigerian stocks including blue chip corporations like Guaranty Trust Holding Company PLC, MTN, and Dangote Cement. In a statement, Bamboo said it is ensuring that retail investors will see the fastest trade settlement timelines and the most seamless dividend payment system available in the […]
Chairman, United Bank for Africa Plc, Mr. Tony Elumelu has called for increased focus on capital allocation and investment in innovation to drive improvement in global improvements. Elumelu, who is also the Founder, Tony Elemelu Foundation, TEF, made this call yesterday while speaking at the Abu Dhabi Health Forum in the United Arab Emirates. He said: […]
The National Agency for Science and Engineering Infrastructure (NASENI), said it has started receiving a lot of interest from dealers and the general public of its recently produced products. Recall that NASENI had on Thursday unveiled a set of new NASENI products, developed in collaboration with technical partners. The Executive Vice Chairman/Chief Executive Officer of […]
Transnational Corporation Plc has outlined strategies to build on the 173% revenue growth achieved in the first quarter 2024 (Q1’24). The financial statement of the company for Q1’24 showed revenue growth of 173 per cent to N88.55 billion from N32.39 billion in the corresponding period of 2023 (Q1’22) As a result, Profit Before Tax shot […]
TotalEnergies Nigeria has launched the 2024 edition of its Startuppers challenge with each winner getting N8 million to support its business in Nigeria and the African continent. The challenge was launched virtually on Thursday at an event attended by the Managing Director of TotalEnergies Marketing Nigeria Plc, Dr Samba Seye and other executives of the energy […]
Dubai’s Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 percent, as the airline company set a new record for the second year in a row. “The Emirates Group has once again raised the bar to deliver a new record performance,” said chairman and chief executive Sheikh Ahmed bin Saeed […]
The Lagos State Government has warned unregistered individuals and organisations to desist from engaging in real estate activities in the state or face legal consequences for non-compliance with the Lagos State Real Estate Regulatory Authority registration requirements. Lagos State Commissioner for Housing, Moruf Akinderu-Fatai, who gave the warning recently at the 2024 Ministerial Press Briefing […]
The Securities and Exchange Commission (SEC) has exposed new rules on issuance and allotment by private companies securities declaring that any person who issues or allots securities without its prior approval or violates any provisions of its regulations will be liable to a penalty not less than N10 million in the first instance and a […]
The International Monetary Fund (IMF) has cautioned the Federal Government against the proposed amendment of the Act establishing the Central Bank of Nigeria (CBN), calling rather for the strengthening of the apex bank. The position of the Fund was contained in the Article IV Staff Consultation Report of the Board of d the Federal Government against the […]