archiveOctober 11, 2016

The Minister of Finance, Mrs. Kemi Adeosun, has challenged members of the accounting profession to join forces with the current administration in its bid to promote accountability and transparency in governance. The Minister gave the charge on the day two of the 46th Annual Accountants Conference organized by the Institute...

Plans by Coca-Cola to slim down the number of its global franchisees, especially in Nigeria and other African countries have suffered a major setback. It was learnt that the $3.5billion-$5billion stake in its African bottling operation would be too big for a single buyer to swallow. According to research group,...

The Nigerian Equities market continued on a positive trend on Tuesday as strategic positioning by investors ahead of third quarter 2016 financials releases prevailed. Equity investors on the Exchange gained N37.5 billion as market capitalisation closed at N9.629 trillion the highest in the last five trading sessions as the All-Share...

The European Investment Bank and United Bank for Africa (UBA) have agreed a new €60 million lending programme to support private sector investment across Nigeria. This represents the EIB’s largest ever loan to UBA and will allow the bank to provide longer term loans than currently available to private companies...

United Bank for Africa (UBA) Plc released its third quarter results for the nine months period ended September 30, 2016 on the floor of the Nigerian Stock Exchange today showing an eight per cent growth in profit for the period of N52.3 billion from N48.6 billion made in the corresponding...

Ijaw leaders on Monday reiterated their call on Federal Government to completely jettison its military option towards addressing the Niger Delta crisis, saying the move would not yield the desired positive result. This was the central message of goodwill speeches delivered at the first memorial lecture held in honour of...

The United States Government has announced the sum of $92.73m in developmental assistance to support the five-year $2.3bn agreement signed with the Federal Government in 2015. According the U.S. Embassy in a statement on Tuesday in Abuja, the amount was being provided through the U.S. Agency for International Development, adding...

...plans media capacity building on tax reporting PwC Nigeria, a leading professional services firm, in a bid to celebrate and reward excellence in business reporting in Nigeria at the weekend in Lagos, doled out a sum of N2.35 million to outstanding journalists in the maiden edition of its Media Excellence...

  MTN Nigeria has appointed Ms Felleng Sekha as the head of regulatory affairs for the group. Felleng Sekha earlier worked in MTN Nigeria for about nine years before moving out in 2007. Her appointment is to bolster the group’s mutual and cordial relationship with governments across Africa and particularly...

Dangote Group has raised alarm over the activities of online fraudsters, whom it said are maliciously misrepresenting and misusing its brand image and that of its senior executives to defraud unsuspecting members of the public. According to a press statement from Dangote Group, the fraudsters  perpetuate their wicked act through...