By Ginika Okoye Promoters and operators of entities engaged in a prohibited scheme are liable to a penalty of not less than N20 million or imprisonment to a term of 10 years or both. The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, said it is oneContinue Reading
Appointment By Angela Atabo The Nigerian Society of Engineers (NSE) has commended President Bola Tinubu for appointing seasoned professionals to lead the Nigerian National Petroleum Company (NNPC). NSEs’ President, Margaret Oguntala, stated this in a statement on Wednesday, in Abuja, describing the move as “putting the right peg in theContinue Reading
By Adeyemi Adeleye Some experts and professionals have called for massive investment in renewable energy, efficient supply chains and Artificial Intelligence (AI) to enhance businesses and catalyse Nigeria’s economy. They spoke at the ST. RACHEAL’s People’s Consulting Ltd, 2025 Talent Development and Retention Summit Series 2, titled “Economic Opportunities”, onContinue Reading
By Polycarp Auta The Plateau Internal Revenue Service (PIRS) says it has generated more than N3.3 billion as Internally Generated Revenue (IGR) in January. Dr Jim Wayas, the Chairman of PIRS, disclosed this in an interview with the News Agency of Nigeria (NAN) on Monday in Jos. Wayas said thisContinue Reading
By Salif Atojoko President Bola Tinubu has congratulated Mr Jim Ovia, the founder and chairman of Zenith Bank Plc, on his admission to the prestigious Freedom of the City of London. President Tinubu described the honour as a fitting recognition of Ovia’s exceptional contributions to business, innovation, and technology. HeContinue Reading
By Taiye Olayemi The Central Securities Clearing Systems (CSCS) Group has announced a profit after tax (PAT) of N11.95 billion for the 2024 financial year. This reflects 18.7 per cent increase from the N10.08 billion recorded in 2023. According to the company’sContinue Reading
By Ginika Okoye The Nigeria Deposit Insurance Corporation (NDIC) has urged members of the public to continue their banking activities without fear, assuring that all banks remain safe and sound. Hawwau Gambo, the Acting Head, Communication and Public Affairs Department of NDIC in Abuja on Sunday, reiterated the corporation’s commitmentContinue Reading
By Ginika Okoye The Nigeria Deposit Insurance Corporation (NDIC) says it will declare the first tranche of liquidation dividends from Heritage Bank’s asset realisation in April. According to NDIC, it will thereafter begin payment to uninsured depositors of the bank. Hawwau Gambo, the Acting Head, Communication and Public Affairs ofContinue Reading
By Rukayat Moisemhe Experts have emphasised the importance of team alignment, a high-performance culture, employee engagement, and effective leadership in attracting funding and ensuring business sustainability for entrepreneurs and start-ups. They made the call at the American Business Council (ABC) Business-for-Business (B4B) Revenue Acceleration Programme on Friday in Lagos. MrsContinue Reading
By Taiye Olayemi GTCO Plc has announced a pre-tax profit of N1.266 trillion for the 2024 financial year. This represents a significant increase from the N609.3 billion reported in 2023. The company made this known in aContinue Reading
