Jobs: In 12 months Lagos employs 740,146 – NBS

April 29, 2019

A total of 740, 146 jobs were  added in Lagos State between July 2017 and June 2018, a survey of the National Bureau of Statistics (NBS) as captured in its recently released report has revealed. The feat of job creation recorded by Lagos, as shown in the NBS report, is the highest in the country. […]

SEC DG woos Nigerian youth  with capital market investment opportunities

Adesola AfolabiApril 4, 2019

Mary Uduk, acting director general of the Securities and Exchange Commission, (SEC) is encouraging Nigerian youths to invest in the capital market instead of indulging in gambling. Uduk said there are various products and funds available in the market that would appeal to the youth populace in Nigeria, and encouraged them to take advantages of […]

Issuance of dividend warrants will stop by December- SEC

Adesola AfolabiMarch 28, 2019

The Securities and Exchange Commission (SEC) has said the issuance of dividend warrants will be extended to 31st December 2019. According to the SEC, this will allow relevant stakeholders deliberate on and address all outstanding issues. The dividend warrant is a document that shows a shareholder of a company is entitled to a dividend from that company. […]

Dangote Cement releases 2018 financial results, proposes N16 dividend

Adesola AfolabiFebruary 27, 2019

Dangote Cement Plc has released its full year audited results for the year ended 31 December 2018,  recording a 91 percent increase in profitability and proposing a N16 dividend to investors. On the back drop of increased infrastructural development in a pre-election year, the company reported a revenue growth of 12 percent representing N901.2 billion […]

EU broadens its dirty-money blacklist, adds Saudi Arabia

February 13, 2019

STRASBOURG (Reuters) – The European Commission added Saudi Arabia, Panama, Nigeria and other jurisdictions to a blacklist of nations that pose a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday. The move is part of a crackdown against money laundering after several scandals hit EU banks […]

AfDB, ECOWAS sign US$22.7m agreement on 1,000km Abidjan-Lagos highway study

Nse Anthony-UkoFebruary 5, 2019

The African Development Bank (AfDB) and ECOWAS, have signed an agreement for a study into a 1,000 km highway that will link Cote d’Ivoire’s commercial capital Abidjan, to Lagos. The total financing for this study which has been put at US$22.7 million, comprises of AFDB approved $12.6 million dollars to finance part of the study; […]

Phillips Consulting moves to mitigate socio-economic impacts of cancer in Nigeria

Chris IkosaFebruary 4, 2019

In a bid to mitigate the socio-economic effects of cancer in Nigeria, Phillips Consulting Limited (PCL) is directing significant research capabilities towards supporting stakeholders in ensuring the effectiveness of cancer management through the effective project management of palliative programs and initiatives. The consulting firm’s managing consultant, Victor Mba made this known in a statement made […]