CCNN, Obu Cement to Merge, List New Entity on Stock Exchange

By Modupe Gbadeyanka Taxpayers, including organisations and individuals, who are yet to pay their outstanding taxes, will not pay penalties and interests if they make the payments on or before December 31, 2023. This tax default forgiveness was given by the Federal Inland Revenue Service (FIRS), which explained that it created this window in “recognition of the challenges that many taxpayers have faced in settling their outstanding tax liabilities.” However, it stressed that if the full principal payment is not done before the deadline, defaulters would be forced to pay the outstanding tax liabilities. The Chairman of the FIRS, Mr

By Bliss Okperan Nigeria recorded an improvement in its trade surplus in the third quarter of 2023, according to data released by the National Bureau of Statistics (NBS), which was analysed by Business Post. The agency disclosed that in the period under review, the total value of exports stood at N10.347 trillion, while imports stood at N8.458 trillion, leaving the total value of trades at N18.802 trillion, 60.78 per cent higher than the N6.435 trillion achieved in the second quarter of 2023. Analysis showed that between July and September 2023, the country, which prides itself as the biggest economy in

By Aduragbemi Omiyale The online stock trading platform of one of the leading brokerage firms in Nigeria, Morgan Capital Securities Limited, i-Trade, has experienced a technical glitch. This technical issue has made it difficult for its clients to carry out transactions on the popular platform. Morgan Capital’s i-Trade platform is popular among retail investors in the Nigerian capital market, especially those trading equities on the floor of the Nigerian Exchange (NGX) Limited, because of its lower fees. The company has already assured its customers that it was working to restore services, providing an alternative to them. “This is to inform

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.41 per cent in Week 48, with the market capitalisation gaining N4.77 billion to settle at N1.166 trillion from the N1.162 trillion it ended in Week 47, and the NASD Unlisted Security Index (NSI) rising by 3.52 points to 860.81 points from 857.29 points in the previous week. In the five-day trading week, the total volume of stocks traded slumped by 69.1 per cent to 4.22 million units from 13.6 million in the preceding week and equally, the value of shares dropped by 69.6 per cent to N41.4 million

By Modupe Gbadeyanka Lagos State government has disclosed that it was working tirelessly to raise food sufficiency in the state to 25 percent within three years from its present 12 percent. This information was revealed today by the Commissioner for Agriculture, Mr Toyin Suarau, during a Ministerial Press Briefing to mark Governor Akinwumi Ambide’s second year in office. The Commissioner said to achieve this target, the state government has approved the upgrade of the Imota Rice Milling Plant from 2.5 metric tons to 16 metric tons. He said by the time this project was completed within one year, food self-sufficiency

By Modupe Gbadeyanka One of the members of the two-man music group, Zule Zoo, Mike Aboh, has died after he slumped while taking his bath on Saturday morning in Makurdi, Benue State. His group sang the popular street song Kerewa, though, after a while, the duo struggled to remain in the spotlight as they were pushed aside by younger artists, who are now ruling the airwaves. Aboh, who was born Michael Tertsea Aboh, recently admitted in an interview he was going through some challenges. According to reports, he had to relocate to Benue State when he could no longer meet

By Modupe Gbadeyanka The Business School Netherlands (BSN) has again been rated Tier one among the Global Executive MBA Business Schools rankings in the latest CEO Magazine Global Ranking. In the 2022 Global MBA Rankings released in February 2022, the BSN International Action Learning MBA emerged sixth among the Tier One European MBA Rankings, while BSN International Action Learning MBA claimed the second spot in the Global Online MBA Rankings. The CEO Magazine Global Ranking is a global recognition hotly desired by the world’s top business schools. The platform has published its MBA rankings annually for the past 10 years

By Modupe Gbadeyanka The Ecobank Nigeria Super Rewards Season 3 has produced the first set of winners, 100, with each smiling home with N50,000 each, totalling N5 million. The promo, which started on June 20, will end on August 21, 2022, and will reward a total of 200 customers of the financial institution. The campaign was designed to reward customers of the bank and at the end of the promo, two customers will win N1 million each. According to the Head of Consumer Products at Ecobank Nigeria, Ms Daberechi Effiong, the conditions for qualifying for the campaign are simple. “New

By Dipo Olowookere The board of Oando Plc has said on Wednesday, August 10, 2022, the energy firm will hold its 43rd Annual General Meeting (AGM) in Lagos. In a notice to the Nigerian Exchange (NGX) Limited, the company said shareholders and others will converge on the Wings Office Complex located on Victoria Island. At the gathering, which is to give reports on the 2019 financial statements of the organisation, investors will deliberate on how the audited financial results of Oando for the 2020 and 2021 fiscal years should be jointly presented at the 44th AGM to be announced later.

By Modupe Gbadeyanka The 11 economic bills now receiving accelerated consideration by the 8th Senate will help to create 7.5million jobs and reduce poverty by 16.4 percent when passed into law, Senate President, Mr Bukola Saraki has said. The number three man disclosed this in his welcome address to his colleagues on resumption from their Christmas and New Year recess on Tuesday. He urged the relevant committees to fast-track the priority Bills so they can be passed and submitted to the executive alongside the 2017 budget. According to a statement by his Chief Press Secretary, Mr Sanni Onogu in Abuja,

By Modupe Gbadeyanka Despite the harsh environment that almost crippled the aviation industry in Nigeria last year, Med-View Airline recorded a rise in its profit for the year. Med-View Airline, in its 2016 full year financial results, declared a profit of N772.9 million compared with N728.5 recorded in the corresponding period of 2015. During the period under review, the company’s turnover increased to N26 billion from N14.1 billion posted 12 months earlier. Also, the firm posted a pre-tax profit of N840 million compared with N830.9 million it achieved at the end of December 31, 2015. It was observed that the