Business articles

MTN offices sealed over non unionism

MTN offices sealed over non unionism

Postal and Telecommunications Employee (NUPTE) on Monday picketed MTN over non unionism. Mr Olajuwon Olaide , the Chairman NUPTE Ibadan told the News Agency of Nigeria (NAN) at the MTN office, off Ring Road, Ibadan, that the union was sealing all MTN offices in all the states in the country. Olaide said the union had

Buhari shouldn’t have signed 2018 budget — BudgIT CEO, Onigbinde

The co-founder and Chief Executive Officer, BudgIT, Seun Onigbinde, in this interview with TOBI AWORINDE, says Nigerians expect harmony between the National Assembly and the executive to deliver exceptional results in the execution of the 2018 budget What are your thoughts on the 2018 budget? A budget that precedes an election period will definitely be

Indian billionaire flees to Britain, seeks asylum

Indian billionaire jeweller Nirav Modi, wanted over an alleged massive bank fraud, has fled to Britain where he is seeking asylum, according to a report Monday. Modi, whose celebrity clients have included actress Naomi Watts and Kate Winslet, is accused of involvement in a $1.8 billion scam against Punjab National Bank (PNB), India’s second-largest state-run

SPECIAL REPORT: Fraud allegations, unremitted loans, crop failure, other anomalies dog Nigerian govt’s “rice revolution”

Speaking to a packed audience at the 10th Bola Tinubu Colloquium, an annual conference held to mark the birthday of Mr Tinubu, the national leader of the ruling All Progressives Congress (APC), in Lagos in March, Vice President Yemi Osinbajo said agriculture was at the core of the government’s economic policy. He said his boss,

SEC charges business owners to embrace corporate governance

The Securities and Exchange Commission (SEC) Nigeria has restated the need for business owners in the country to embrace corporate governance as a desirable option to grow their enterprises, improve shareholders’ funds and profitability on a sustainable basis. The commission’s Acting Director General, Ms. Mary Uduk, gave the advice during her comments as one of

TSA, IPPIS, BVN save Nigeria N20 billion monthly-NITDA boss

By Emmanuel Odihi The Director-General/CEO of the National Information Technology Development Agency, Dr. Isa Pantami has stated that Single Treasury Account (TSA), the Integrated Payroll and Personnel Information System (IPPIS) and the Bank Verification Number (BVN) has saved Nigeria N4 billion and that it saves Nigeria N20billion monthly. He stated this Yesterday May, 22, at

NBA Seeks Collaboration with SEC

The Nigeria Bar Association (NBA) is seeking collaboration with the Securities and Exchange Commission (SEC) in the Commission’s efforts to deepen the capital market. Chair NBA Section on Business Law (SBL) Mr. Olumide Akpata, made the call when members of the NBA-SBL visited the SEC office in Abuja While assuring the Ag. DG of the

PIB: NNPC recommends splitting of petroleum licences

The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry Administrative legislation currently before the National Assembly. In a presentation at the Public Hearing organized by the House of Representatives Committee on the Petroleum Industry Administrative Bill (PIAB), Petroleum

UTILIZATION OF RETURNED LOOT: ANEEJ applauds Buhari for including CSOs

The Africa Network for Environment & Economic Justice, ANEEJ, has applauded the plan by the Buhari administration to expend the $320million loot returned from Switzerland to Nigeria on the poorest of the poor through a conditional Cash Transfer Programme. In a statement released to the media after 8th Commonwealth Conference on Anti-Corruption, organized by the

INVESTIGATION: Cartels, empty stations and dashed hopes in the quest for kerosene

Driving through the dusty, uneven and untarred roads filled with brick red sand and pot holes as deep as craters, Mosimi, in the Sagamu area of Ogun state, seems like a million miles away. Navigating sharp bends on winding roads, driving slowly behind heavily loaded trucks and maneuvering between oil-bearing tankers is a travelers’ nightmare

SEC restates commitment to ensuring fairness and transparency in Capital Market transactions

The Securities and Exchange Commission (SEC) has restated its determination to ensure that every shareholder is fairly, equitably and similarly treated and given sufficient information regarding transactions in the capital market. Acting Director General of SEC, Ms. Mary Uduk stated this while delivering a keynote address at the 1st Annual Seminar of the Committee on

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