Promoters and operators of entities engaged in a prohibited scheme is liable to a penalty of not less than N20 million or imprisonment to a term of 10 years or both. Thr Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, said it is one of the provisions of the newly signed Investments…
Enyimba International FC of Aba’s young defensive sensation, Divine Ukadike, says the club, popularly known as the People’s Elephant, is in the Presidential Federation Cup (PFC) for the trophy and continental ticket. The News Agency of Nigeria (NAN) reports that Enyimba FC will on Wednesday face PFC holders, Elkanemi Warriors FC of Maiduguri, in a…
BUA Foods has approved the payment of a final dividend of N13 per share to its shareholders, subject to withholding tax and shareholder approval. The company disclosed this in a corporate filing with the Nigerian Exchange Ltd. on Tuesday. The statement reads “A final dividend of N13.00 per ordinary shares of 50 kobo each, subject…
Gov Babajide Sanwo-Olu of Lagos has advised residents of the state intending to travel for the 2025 Hajj to ensure they are healthy before embarking on the pilgrimage. The governor also urged the residents to continue to give thanks to the Almighty for rebirth, growth and collective development due to the just-concluded Ramadan fast. He…
Bi-Courtney Aviation Services Ltd., operator of the Murtala Muhammed Airport Terminal Two (MMA2), has expressed the hope that the new tax policy and stable forex market in Nigeria will facilitate trade and improve the businesses. The Head of Aeronautical and Cargo Services at Bi-Courtney, Mr Remi Jibodu, expressed the hope in an interview with the…
Some Chinese, Indian, Tunisian, Ghanaian companies and over 200 indigenous companies would be participating at the forthcoming 36th Enugu International Trade Fair, says Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA). The Director-General of ECCIMA, Mr Uche Mba, told the News Agency of Nigeria (NAN) in Enugu on Tuesday that about 100 indigenous national…
The Federal Government has urged International Oil Companies (IOCs) in Nigeria to increase investments in the oil and gas sector, highlighting the country’s investment-friendly fiscal policies and incentivised investment opportunities. Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), made the call at the Cross Industry Group (CIG) Meeting held in Florence, Italy, organised…
Vice-President Kashim Shettima has urged Nigerians to promote unity, peaceful coexistence, and tolerance as key pillars for national progress, drawing from the lessons of Ramadan. Shettima made the call during a luncheon with Borno elders and his schoolmates in celebration of Eid-El-Fitr, in Maiduguri. The Vice-President, who was represented by Abdulkadir Rahis, representing Maiduguri Metropolitan…
Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended as against the N2.1 trillion recorded in 2023 financial year. This is in spite of diverse transaction and service complaints, dissatisfaction among customers and the challenging economic situation of the country. The figure represents a 62.38…
The Police Command in Kogi has stopped an alleged planned Sallah rally in Okene Local Government Area by Sen. Natasha Akpoti-Uduaghan (PDP – Kogi central). The Police Commissioner in Kogi, Mr Miller Dantawaye, announced the ban in a statement signed on his behalf by the command’s spokesman, SP Williams Ovye-Aya, in Lokoja on Tuesday. The…
