27 C
Lagos
Wednesday, October 21, 2020
President Muhammadu Buhari Friday in Abuja assented to the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly. The President’s action on this important piece of legislation, therefore, repealed and replaced the extant Companies and Allied Matters Act, 1990, introducing after 30 years, several corporate legal innovations...
A pan-African investment company, Heirs Holdings, has announced the appointment of Dan Okeke as the Group Executive Director with effect from August 1. Okeke has had a distinguished three-decade career at the United Bank for Africa Plc (UBA), where he recently served as an Executive Director in charge of leading...
The management of Bristow Helicopters Limited has terminated the appointment of no fewer than 100 pilots. Bristow Helicopters, in a statement on Tuesday, said those sacked comprised both Nigerian nationals and expatriates working with the company. It explained that the decision to sack the pilots was due to the severe impact...
One of Africa’s largest food retailers, Shoprite, has announced plans to exit the Nigerian market after posting continuous losses from its operations in the world's populous Black nation. Shoprite, in a trading update filed at the Johannesburg Stock Exchange (JSE) on Monday morning, said it was planning to discontinue its...
The Ogun State Governor, Prince Dapo Abiodun on Wednesday signed Today into law the Revised 2020 Appropriation Bill, which reduced the state's budget from 449.97 billion Naira to 280 billion Naira. In a statement by the Governor, the revision of the Budget which was presented to Abiodun by the Speaker...
A Togo-based Ecobank Academy has made history to become the first corporate member of the Global Business School Network (GBSN). GBSN has been building management education capacity in and for the developing world for over 17 years. The core of the network spans six continents with more than 100 leading business...
Mrs. Nneka Onyeali-Ikpe is expected to take over from Mr. Nnamdi Okonkwo as the Managing Director/Chief Executive Officer of Fidelity Bank Plc effective January 1, 2021. The bank disclosed this on Monday in a notice by the Company Secretary, Ezinwa Unuigboje, to the Nigerian Stock Exchange (NSE) and the general...
The Central Bank of Nigeria (CBN) Wednesday demanded statutory powers from the Nigerian Senate to enable freeze bank accounts that are linked to criminal suspects. This demand was made on behalf of CBN by the Director, Legal Services, Mr Kofo Salam-Alade, who appeared before a Senate Committee Hearing for a...
The President Muhammadu Buhari-led Federal Government Sunday handed over the National Arts Theatre complex in Lagos State to the private sector for a complete revamp and modernisation. This was coming as Lagos State Governor, Babajide Sanwo-Olu, said the proposed transformation of the theatre complex give Nigeria an opportunity to harness...
An explosion at Gbetiokun, OML 40 oil field operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture has killed seven people. This was disclosed in a statement by the Nigerian National Petroleum Corporation (NNPC), Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru...