Ecobank Transnational Incorporated names new finance chief
Businessam Staff
May 16, 2019
In line with Ecobank Transnational Incorporated (ETI)’s established executive succession plan, the board has appointed Ayo Adepoju, vice president, group finance as acting chief fnancial officer (CFO). Ecobank Transnational Incorporated (ETI) parent company of the Ecobank Group, said its Chief Financial Officer, Greg Davis, is leaving his post so that he can spend more time […]
CAC extends registration window for small businesses by 90 days
Businessam StaffMay 13, 2019
The Corporate Affairs Commission (CAC) has given micro, small and medium-scale enterprises (MSMEs), 90 extra days to register their business names at the reduced cost of N5,000. The CAC said the federal government has directed that the cost of registration for the categories of businesses be reduced by 50 per cent for the next three […]
Value chain manufacturers, exporters-importers body set to redefine business practices
Ben EguzozieMay 8, 2019
VACTON – Value Chain Traders Organisation of Nigeria (VACTION), is a new association of manufacturers, importers, exporters, traders and other related organisations in the country with a set goal to redefine manufacturing, export-import and trading business in the country. The aim is to rid corrupt practices from among business operators, said Ralph John, president of […]
KOTEX® launches its new range of sanitary pads and tampons brands into the Nigerian market
Chiamaka ObunadikeMay 4, 2019
By Chiamaka Obunadike A new range of sanitary pads and tampons by Kimberly-Clark, makers of world’s finest hygiene products, were officially launched into the Nigerian market on Friday 3rd of May 2019 at an event in Lagos. The event, which held at Oriental Hotel was attended by various dignitaries and celebrities. Raffaella De […]
10 Access Bank customers get N1m each in first post-merger DiamnondXtra monthly draw
Businessam StaffApril 20, 2019
In fulfillment of its promise to the twenty–nine million customers and over two million Diamondxtra customers, leading commercial and retail bank, Access Bank Plc has rewarded 10 customers with N1 million each in its first post-merger Diamondxra monthly draw. At the prize presentation ceremony held at the bank’s head office in Lagos recently, Victor Etuokwu, […]
Global market access: NEPC trains 100 exporters in move to reverse Nigeria’s slow-paced growth
Ben EguzozieApril 17, 2019
Nigeria’s total exports in 2018 valued at $52.9 billion reflected a –46.7 percent drop since 2014, though a 29.9 percent uptick from 2017, according to data sourced from World’s Top Exports (WTEx). Of this volume of goods shipped around the world by Nigeria, crude oil accounted for 94.1 percent, and only 5.9 percent from non-oil products, showing […]
FBN Holdings moves 2018 dividend qualification date forward
Adesola AfolabiApril 16, 2019
The board of FBN Holdings Plc has announced a change in the date of qualification date for the proposed payment of 2018 financial year dividend from April 22, 2019 to April 23, 2019. This was disclosed in a statement signed by Seye Kosoko, the company secretary and filed with the Nigerian Stock Exchange (NSE). Last […]
Thomas Murray upgrades CSCS risk assessment ratings to A+
Businessam StaffApril 16, 2019
A risk assessment carried out by Thomas Murray, the global post-trade risk and custody specialists, on Central Securities Clearing System (CSCS) Plc has yielded an upgraded rating symbol from A to A+, which denotes a ‘Low’ Overall Risk. The outlook for the CSCS risk assessment also emerged positive owing to the fact that there are […]
CCNN turns out positive post-merger performance with N5.7bn profit after tax in FY18
Businessam StaffApril 15, 2019
Cement Company of Northern Nigeria (CCNN), producers of Sokoto cement, has reported a net profit of N5.7 billion (US$15.75 million), 77 percent higher than the figures recorded in 2017, and comes ahead of analysts expectations, following its merger with Kalambaina Cement Company. A statement by the company explained that while the merger was completed in last […]
NBS gets new board as Senate confirms nominees
Businessam StaffApril 11, 2019
The National Bureau of Statistics (NBS) will have a new board as the Senate confirmed President Muhammadu Buhari’s nominees for the job. Those confirmed for the NBS board are Dr Kabiru Nakaura from the Northwest as chairman, while Mr Akinola Bashir (Southwest), Prof Moses Momoh (South South), Wallijoh Danladi Ahijoh (Northcentral), Adam Modu (Northeast), and […]