Business

Some shareholders of Oando Plc yesterday protested as the Securities and Exchange Commission (SEC) suspended the company’s annual general meeting (AGM), billed to hold today.SEC had announced the suspension of the AGM in…

The Securities and Exchange Commission (SEC) has suspended till further notice the Annual General Meeting (AGM) of Oando Plc scheduled to hold Tuesday. The Commission made this known on Monday in a…

The Nigerian National Petroleum Corporation (NNPC) recorded N174.62 billion sale of white products in March, the corporation’s Monthly Financial and Operations Report (MFOR) for March 2019 has stated. A…

Giant technology companies might cause significant disruption to the world's (including Nigeria's) financial system, the head of the International Monetary Fund has warned. Christine Lagarde…

Calling a top in technology stocks isn’t for the squeamish, but that’s just what one brave investment manager is doing.That poses a dilemma for the stock market, says Principal Global Investors’ Seema Shah. Tech has…

The Central Bank of Nigeria (CBN) vowed on Saturday to sustain its policy of defending the naira against world currencies for the next five years. It said the policy is backed by the CBN Act. Speaking…

Gabriel Zucman started his first real job the Monday after the collapse of Lehman Brothers. Fresh from the Paris School of Economics, where he’d studied with a professor named Thomas Piketty, Zucman had lined up an…

Ijeoma Nwogwuwu, the managing director of Arise TV, says it is disingenuous for Oando Plc. to say it was not aware of the forensic audit by Securities and Exchange Commission (SEC). Speaking on the issue…

Importation of sugar by Nigeria from Brazil has dropped by 17.46 per cent (N34.45 billion) from N197.3 billion ($540.57 million) to N162.85 billion ($446.17 million). The import was reduced by 17.47 per cent in one year…

In an effort to consolidate on its impressive financial performances and market leadership across the financial services spectrum, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced a…

RISING dollar inflows through the Investors’ and Exporters’ (I&E) Forex Window and foreign reserves accretion have stabilised the naira in the official and parallel markets. The I&E…

The Enugu Electricity Distribution Company (EEDC) says it will commence the deployment of prepaid meters to its customers in the south-east from June 15. In a statement on Tuesday, Chukwuemeka…

Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.They made the call in interviews with the News…

With the enlisting of the leading mobile operator in the country on the Nigeria Stock Exchange, the Nigerian Communications Commission, NCC, says other operators including Bharti Airtel, Globacom and…

The share price of Oando Plc dropped by 9.52 per cent on Monday, the first day of trading after the Securities and Exchange Commission ordered the resignation of the company’s Group Chief Executive Officer and other…

Apple, an American multinational technology company, is reportedly set to split its iTunes streaming service into three apps. The move follows Apple’s decision to rebrand itself as not just an…

The announcement by the Securities and Exchange Commission (SEC) on Sunday June 2, 2019, on the alleged appointment of Mr. Mutiu Olaniyi Adio Sunmonu, CON, to head an Interim Management Team at Oando may…

Leading jurists at the weekend urged the management of Asset Management Corporation of Nigeria (AMCON) to explore the opportunities offered by Alternative Dispute Resolution (ADR) centres established by the Federal High…

Two weeks after listing its shares on the premium board of the Nigerian Stock Exchange (NSE), the board of MTN Nigeria, at the weekend presented its audited financials for the year ended December 31, 2018.Highlights of the…

The Securities and Exchange Commission (SEC) yesterday named Mutiu Sunmonu as the head of an interim management team it constituted to oversee Oando Plc. It mandated members of the interim team to…

The Asset Management Corporation of Nigeria (AMCON) is seeking better ways to recover the over N5 trillion debts. The corporation will be exploring the Alternative Dispute Resolution (ADR)…

The Nigerian Electricity Regulatory Commission (NERC) has commended MOMAS Electricity Meters Manufacturing Company (MEMMCOL) for its immense contribution to the downstream power sector especially…

The African Union (AU) has signed a memorandum of understanding with Huawei to strengthen their cooperation in information and communication technologies, the Chinese telecom giant announced on Friday.…

The axe has fallen and it has cut deeper than expected. That Wale Tinubu, the Group Chief Executive Officer of OandO and his deputy, Mofe Boyo, have been removed from their lofty positionsand barred from…