FBN Holdings to File 2016 Audited Financial Results April

By Aduragbemi Omiyale The federal government has expressed its readiness to work closely with the Nigerian Exchange (NGX) Limited to attract startups to the stock exchange. The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, said the government would use the newly created NGX Technology Board to achieve this goal. Speaking at a tech event themed Invest in Africa’s Future- Let’s Talk About Exits on Thursday in the United States, he noted that Nigeria had been grappling with its over-dependence on oil in the last few years, adding that diversifying from heavy reliance on a single sector like

By Adedapo Adesanya Crude oil prices went in different directions on Friday amid profit-taking as markets weighed supply concerns from Russia’s fuel export ban against demand woes from future rate hikes. While the Brent futures lost 3 cents to close at $93.27 a barrel, the US West Texas Intermediate crude (WTI) futures rose by 40 cents to sell for $90.03 a barrel. However, both benchmarks closed downwards on a week-on-week basis, with Brent shedding 0.3 per cent, breaking a three-week streak of gains, and WTI sliding by 0.03 per cent for the week, the first decline in four weeks. Russia

By Aduragbemi Omiyale Mr Tokunbo Akande, the Special Adviser to the Executive Chairman of the Lagos State Internal Revenue Service (LIRS), Mr Ayodele Subair, has waded into the controversies surrounding stamp duty. The Federal Inland Revenue Service (FIRS) and the Nigerian Postal Service (NIPOST) have been at loggerheads at to which of them should collect the revenue charged on financial transactions in the country. Mr Akande, while commenting on the matter, described stamp duty as ‘a revenue stamp and not a postage stamp.’ While featuring as a guest on The Tax Talk programme on Channels Television recently, he emphasised that

By Adedapo Adesanya President Muhammadu Buhari has given assurances that Nigeria will support the Republic of Burundi in diverse ways, including energy. This, he said, is necessary in the spirit of African solidarity and brotherliness, according to a statement issued by the Special adviser to the President on media and publicity, Mr Femi Adesina. He gave the assurances on Tuesday when he received the Special Envoy of President Evariste Ndayishimiye, who came with a message to his office. On request for assistance in the area of energy provision, particularly fuel, by the Burundi leader, President Buhari acknowledged the feeling of

By Adedapo Adesanya  The Vice President, Mr Kashim Shettima, has departed Abuja for Johannesburg, South Africa, to represent President Bola Tinubu at the 15th BRICS Summit of Heads of State and Government. BRICS, an acronym for Brazil, Russia, India, China and South Africa, is a group of five major emerging and developing economies. In a statement released on Monday by Mr Olusola Abiola, the Director of Information in the Office of the Vice President, it was stated that the VP would be joining other business and political leaders across the world at the summit scheduled for the Sandton Convention Centre,

By Dipo Olowookere Nigeria’s House of Representatives has threatened to stop the sale of 9mobile after Executive Vice Chairman of the Nigerian Communications Commission (NCC), Mr Umar Dambatta, said his agency was yet to receive the $50 million reported in the media to have been paid by Teleology Holdings Limited as deposit for being the preferred bidder. During a hearing organised by the lower parliament, Chairman of House Committee on Telecommunications, Mr Saheed Fijabi, stressed that the sale may likely be restarted because of issues arising from the bidding process. The committee inaugurated a panel to address petitions and concerns

By Dipo Olowookere The management of Fidelity Bank Plc says it is considering instituting a legal action against some of its former employees, who staged protests at its branches in Ikeja last week and in Victoria Island, Lagos this week. In a statement made available to Business Post on Thursday, lender expressed dismay at the actions of the demonstrators, which it described as harassment. Fidelity Bank said in the statement signed its Divisional Head, Brand & Communications, Mr Charles Aigbe, that, “The actions, aimed at preventing innocent customers from carrying out their banking transactions, are the handiwork of a few

By Dipo Olowookere Leading multilingual and Pan-African news outlet, Africanews, is now available to all device mobile owners through its apps designed to run on iOS and Android. Africanews free app allows Android device users to access the latest Pan-African and international news everywhere, anytime. The app also provides two special features such as the OFFLINE mode and the DATA SAVING option, both of which can be combined to keep you informed without an internet connection or to save money on the internet bundle. All users in Africa or in the world can use their smartphone or tablet to follow

By Modupe Gbadeyanka The Nigerian Stock Exchange (NSE) reversed the bearish closure yesterday to finish bullish today after Seplat led the gainers’ chart. The equity market closed the last trading day of the week in the green zone, appreciating by 0.30 percent to inflate the YtD gain to 7.02 percent. The All-Share Index (ASI) increased at the Friday’s transactions by 120.22 percent to settle at 40,928.70 points, while the market capitalisation went up by N43.4 billion to close at N14.784 trillion. Business Post reports that Seplat added N33.20k to its share value today to wrap the day at N698.30k per

By Dipo Olowookere In its quest to make electronic payments safe, simple and smart, Ecobank Nigeria has launched the Ecobank MasterPass QR, a Mastercard global digital system that allows people to pay for services using mobile phones. Business Post learns that this new platform will enable micro, small and medium enterprises (MSMEs) in Nigeria receive digital payments from customers. Managing Director of Ecobank Nigeria, Mr Charles Kie, disclosed that the Ecobank MasterPass QR improves customer experience with a clean front-end design and a built-in sophisticated and secure supporting technology. He explained that payments are made by customers scanning a Quick

By Modupe Gbadeyanka A promo aimed to reward movie lovers in Lagos and Abuja will commence on Friday, December 24, 2021, Rite Foods, makers of Bigi drinks has confirmed. The campaign tagged Watch and Win will enable customers to win prizes through a raffle draw slated for March 19, 2022, a statement from the company disclosed. It was explained that fun-seekers who watch any movie at any Silverbird Cinema in Lagos and Abuja will win a raffle ticket which is redeemable at any of the participating Silverbird movie outlets for a chance to win incredibly exciting prizes which include a