By Financescape UAC of Nigeria plc has informed the Nigeria Stock Exchange and investing public that it has entered into an agreement with imperial logistics limited under which imperial logistics ltd proposed to increase its shareholding in MDS logistics ltd from 49% to 57%, by acquiring an additional 8% shareholding from UAC Nigeria. […]
By Financescape The Central Bank Of Nigeria Has issued a disclaimer on fraudulent loan offers. In a statement sign by CBN Director of Corporate Communications Isaac Okorafor CBN stated that its attention has been drawn to fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of the small-scale business […]
By Financescape The Nigeria Stock Exchange Has announced the delisting of Skye Bank Plc and Fortis Microfinance Bank Plc. In a notice to its dealing members, The Nigeria Stock Exchange stated that pursuant to Clause 15 of the General Undertaking, Appendix III of the Rule Book of The Nigerian Stock Exchange, 2015 […]
By Financescape Total Nigeria plc has appointed Mrs. Lesley Baxter-GREEN as Director in the company. In a notice to the Nigeria Stock Exchange and the general public, the company stated that the Board of directors has approved the appointment of Mrs. Lesley Baxter-GREEN effective from August 16, 2019. Mrs. Lesley Baxter-GREEN is […]
By Financescape The Nigerian National Petroleum Corporation (NNPC) has announced fifteen (15) consortia/companies as winners of its 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement. In a release Mr. Ndu Ughamadu, the Corporation’s Group General Manager, Group Public Affairs Division, said Under the DSDP arrangement, the […]
By Financescape Guaranty Trust Bank plc one of the leading Banks in Nigeria has released its Half-year financial account for the period ended June 30, 2019. According to the report, Revenue has dropped to N146.4 billion from N160 billion recorded in 2018. The Banks gross earnings drop to N221.9 billion in 2019 […]
By Mustapha H. The Kano State coordination office of Agro-Processing, Productive Enhancement And Livelihood Improvement Support Protect, APPEALS, has disclosed that tomato farmers in the state lose about 40% of their harvest every season. This is why APPEALS has introduced a project to tame post-harvest loss in three value chains, namely […]
By Mustapha Hodi A seasoned industrialist, Alhaji Sa’idu Dattijo Adhama has called for the establishment of Cotton/textiles/garment, groundnut, and leather Development Commissions in northern Nigeria. Adhama, in an interview with a correspondent in Kano, said establishing the aforementioned commissions would help a lot in providing job opportunities to teeming youth in the […]
By Financescape EQUITY Sentiments remained bearish in the NSE equities market, as the benchmark index went down by 1.40% WOW to close the week at 26,925.29. The All Share Index closed the week at 26,925.29 basis points, Year to date, the index is down by -14.33%. sell pressure persisted across all […]
By Financescape The Nigerian Bureau of Statistics has released the consumer price Index July 2019 report. The consumer price index, (CPI) which measures inflation increased by 11.08% (year-on-year) in July 2019. According to the NBS report, This is 0.14% points lower than the rate recorded in June 2019 (11.22%). The Increase were recorded in all COICOP […]
By Financescape The Federal Inland Revenue Service (FIRS) issued a Public Notice today, 14 August 2019, directing taxpayers, particularly companies in the Fast Moving Consumer Goods sector, to deduct and remit withholding tax and value-added tax on the “compensation” due to their distributors, dealers, and agents. The FIRS defines “compensation” to include commission, […]
By Mustapha H. Small and Medium Enterprises Development Agency of Nigeria, SMEDAN on Friday signed a Memorandum of Understanding, MoU with Micro Finance Banks, MFBs in a bid to grow Small and Medium Enterprises, SMEs. Hence, the SMEDAN launched One Local Government One Product, OLOP, in order to ease access to loans from […]
