Coca-Cola skips its highest market Nigeria, in setting up PET recycling plants
Leading global beverage group, Coca-Cola Beverages Africa has invested more than $5 million to tackle plastic pollution across the African continent with the establishment of PET recycling industries in Kenya, Mozambique, Namibia, South Africa, Tanzania, Uganda, Zambia and Zimbabwe. Though…
(Investigative Report) 2 years on, Anambra Cargo Airport missing in radar?
More than two years after the incumbent Governor of Anambra State, Chief Willie Obiano, sealed a $2bn Memorandum of Understanding (MoU) with Chinese investors to signal the effective takeoff of construction activities at site of Umuleri International Cargo Airport (UICA),…
Digital banking rubbishing investments in physical asset by banks—CIBN Report
Strong signal has emerged suggesting that sooner than later, many banks would stop establishment of physical branches for service extension and deepening of branch networks. Revelations from the 2018 annual report of the Chartered Institute of Bankers of Nigeria (CIBN)…
New roadmap for the CBN, economy coming—Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has hinted that in days to come, his new roadmap for the apex bank and the struggling economy will come. Speaking briefly after taking oath for his second…
Gwarzo: SEC workers have no right to stop court ordered return—Lawyer
Contrary to Monday morning’s closure of the Securities and Exchange Commission (SEC) Abuja secretariat’s main gate to stop possible resumption of the suspended Director General, Mounir Gwarzo, Abuja lawyer and human right activist, Nura Audu, has described the act as…
Nigeria’s tax structure squeezing investors,’ silent on consumers—LCCI decries
The leadership of the Lagos Chamber of Commerce and Industry (LCCI), has again, called for a total restructuring of the nation’s tax system to give breathing space for manufacturers and production entities. In an agenda setting document for the Federal…
SEC ambushes Oando’s court action plot, appoints interim management team
Just as strong indication emerged weekend that the embattled management of Oando Plc has resolved to challenge the Securities and Exchange Commission (SEC) on the outcome of its forensic audit at a competent court of jurisdiction from today (Monday), the…
Honeywell: Ecobank erred to already sealed understanding—Court rules
A Federal High Court in Lagos, last week ruled that Honeywell’s payment of N3.5 Billion between 2013 and 2014 constitutes the full and final settlement of its indebtedness to Ecobank Nigeria Limited. Trouble had started in August 2015, when two…
Transparency’ll help listed firms access long-term sustainable capital—Onyema
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, has observed that promoting transparent disclosures on environmental, social and governance issues can help listed companies access the long-term sustainable capital that will help them contribute their…
Nigeria’s oil sector bleeds up to 92.9% of total illicit flows—NEITI
Fresh report by the Nigeria Extractive Industries Transparency Initiative (NEITI), has decried the jumping yearly losses to Illicit Financial Flows (IFFs) in Nigeria, saying about 92.9 per cent of the total bleeds away from the oil and gas sector. Illicit…
