Lawyers still have a role to play on company registration, but …—CAC boss, Mahmud
The Registrar General of the Corporate Affairs Commission (CAC), Bello Mahmud has made clarification on how the services of a lawyer can be used at a minimal cost on the prospective applicant wishing to register a new company. In an…
Relief as CBN announce resumption of dollar sales to fuel marketers’, others
Return to business is imminent amongst the independent petroleum marketers as the Central Bank of Nigeria (CBN) has given strong signal to sell dollars to them and the airline operators. According to the apex bank, fuel importers, manufacturers, airlines and…
Nigeria records N719.4bn balance of trade in Q1—NBS
An infinitesimal indication that the economy may have been on the part of recovery in terms of import-export trade balance has emerged from the latest report of the National Bureau of Statistics (NBS), released earlier in the week in Abuja….
Lafarge Africa intensifies moves to harvest electricity from biomass for production
Leading cement solutions providers, Lafarge Africa Plc has expressed its readiness to adopt biomass as an alternative source of energy generation in order to boost operational success. This was revealed by the Legal Director of the company, Mrs. Edith Onwuchekwa,…
Review 70% duty on car imports until made-in-Nigeria vehicles saturate market—Group
Chairman of the Auto-dealer Association, Owode Area of Ogun State, Samuel Johnson, has called on the Federal Government to review the automotive policy, which imposes 70 per cent levy on imported vehicles, pending when credible investors have given serious signs…
Lafarge explains reasons behind N140 bn rights issue proposal
Lafarge Africa Plc has revealed three strategic reasons behind its quest for N140 billion rights issue proposed by the company’s directors, saying it would position the firm for future expansion exercise, assist in reducing debt profile, and further deepen cash…
How litigation frustrated House inquiry on $17bn undeclared crude involving IOCs CEOs
Deadlock can best be described as proceedings at the House of Representatives ad hoc Committee investigating $17 billion undeclared proceeds of crude oil and liquefied gas sales between 2011 and 2014 at the national Assembly yesterday. The Committee had invited…
Nigerian Customs to resume e-auction from July 1, warns against fraudsters
After months of postponements, the Nigerian Customs Service (NCS) has announced that its electronic auction of seizures will begin from July 1, 2017. But before now and since the mention of changing from physical bargaining auction model to e-auction, online…
Recession, forex crisis weaken experts to assess 3 years of Emefiele at CBN
It would be recalled that following the disquiet circumstance leading the ouster of former Governor of Central Bank of Nigeria (CBN) and current Emir of Kano, Sanusi Lamido, former managing director of Zenith Bank, Mr. Godwin Emefiele was named by…
FG plans to reply Microsoft with $1bn ICT Company to boost local technology
After days of official silence on the image damaging statement issued by Microsoft Corp on why it was dropping its earlier plan to seat a $30bn twin data centre in Nigeria for South Africa, the federal government has revealed its…
