The evidence being dangled before the Special Offences Court in Ikeja, Lagos, by the Economic and Financial Crimes Commission (EFCC) in its prosecution of the Chairman of Inducon Nigeria Limited, Dr. John Abebe over allegation of forgery, could soon prove to be spurious if the latest submissions made at the court were anything to go Read more
The Founder/Chairman of Zenith Bank, Mr. Jim Ovia has expressed optimism for more investments in the Nigerian economy. This is coming few days ahead of the second-quarter earnings season with investors keen on expected future earnings as a guide to positioning for investments in the Nigerian market. According to him, Nigeria is almost a virgin Read more
The Dangote Group, the largest indigenous industrial conglomerate in Sub Saharan Africa has deployed Fresh service by Freshworks, its cloud-based service desk software that helps modernize the IT teams along with other business functions. Integration of Freshservice offers a host of ITIL-aligned features, workflow automation, and powerful analytics, all accessible through a clean and intuitive interface. Read more
The chief executive officer of Boeing said the United States-based aircraft maker had made a mistake in installing a faulty cockpit warning system on its 737 MAX planes, Reuters reported. Dennis Muilenburg’s admission came after two fatal crashes over the last year. In March, 157 people died when Ethiopian Airlines flight JT610 crashed minutes after takeoff. In October last Read more
The Executive Chairman/CEO, BUA Group, Abdul Samad Rabiu paid a courtesy call on the Inspector General of the Nigeria Police Force at the Force Headquarters in Abuja to further cement the existing relationship between the organization and the force. Abdul Samad Rabiu who was received by the Inspector General of Police, Mohammed Adamu at the Read more
African leaders on Wednesday underscored the urgent need to fast-track the continent’s regional integration process in order to accelerate Africa’s economic transformation. The call was made at the opening ceremony of the Bank’s 2019 Annual Meetings, in Malabo, Equatorial Guinea, with the theme: “Regional Integration for Africa’s Economic Prosperity.” “Apart and divided, Africa is weakened. Read more
The Guardian NG 10 June 2019 – Foreign investors pulled out N1.77 trillion from the nation’s stock market in the last two years, citing insecurity and economic uncertainties. “Many blue-chip companies quoted on the stock exchange also experienced huge losses within the period.” Specifically, N435.31 billion in foreign portfolio investment outflow was recorded in 2017, Read more
The Securities and Exchange Commission (SEC) on Sunday said that Oando Plc was given sufficient opportunity of being heard before they were penalized, NAN reports. The commission in a statement sign by its spokesperson Mrs Efe Ebelo in Lagos said that there were various opportunities by the company to defend themselves during the investigation by SEC and Read more
Fidelity Bank Managing Director Nnamdi Okonkwo and Vice President Yemi Osinbajo and “met” on Friday. They were part of the top dignitaries at the formal commissioning of the Techno Oil LPG Cylinder Manufacturing Plant in Lagos State. The commissioning of the new undertaken by Techno Oil limited is part of efforts at soaring local content Read more
Two independent non-executive directors of Oando Plc have resigned from the company’s board, TheCable reports. Sena Anthony and Oghogho Akpata have both informed the Nigerian Stock Exchange (NSE) about their decisions. According to TheCable, the duo, in their separate resignation letters dated June 3, 2019 and addressed to the company secretary/chief compliance officers of Oando, Read more
