Sundiata Post Media Limited, a multimedia news platform, has launched its e-commerce platform, Dealboku. In a statement on Thursday, Max Amuchie, founder/CEO of Sundiata Post Media, said Dealboku is an idea whose "time has come". Amuchie said Dealboku is different from other conventional online shops where goods are sold at shelf prices, as its e-commerce platform is an online deals marketplace where [...]
The Nigerian Stock Exchange (NSE) has advised investors to be cautious while trading shares belonging to 13 companies. In a statement signed by Godstime Iwenekhai, head of NSE listings regulation department, the bourse said the companies failed to comply with the directive to issue a press release as set forth in the deficiency filing notice (DFN). The defaulting companies are Aso Savings [...]
Access Bank Plc has notified shareholders of moves by its Zambian subsidiary to acquire Cavmont Bank Limited, a subsidiary of Capmont Capital. In a notice published on the Nigeria Stock Exchange website, Access Bank said there is no certainty that a transaction would be agreed on yet. "There can be no certainty that a transaction will be agreed, nor as to the [...]
The Asset Management Corporation of Nigeria (AMCON) has taken over the assets belonging to eight obligors within the last 21 days. The corporation, on Wednesday, took over assets belonging to Deap Capital Management and Trust Limited over a N1.6 billion debt. AMCON said John Tsoho, when he was a justice of the federal high court in Lagos, ruled in its favour against [...]
Segun Agbaje, managing director of Guaranty Trust Bank, has been appointed as an independent member of the board of PepsiCo. In a notice published on the Nasdaq website, the company said Agbaje will join its board and audit company from July 15. “I am delighted to welcome Segun to the PepsiCo Board. Segun is a well-respected and proven business leader with a [...]
The UK government has confirmed that it would nominate Liam Fox (pictured), a former cabinet member, to contest for the World Trade Organisation director-general position. Liz Truss, the UK trade secretary, disclosed this in a tweet on Wednesday. https://twitter.com/trussliz/status/1280848320785678337 Fox, who served as UK secretary of state for international trade from 2016 to 2019 and secretary of state for defence between 2010 and [...]
The Federal Inland Revenue Service (FIRS) has extended the deadline of the waiver of penalty and interests to be paid on tax debts owned by individuals and businesses. In a statement on Wednesday, Abdullahi Ahmad, director of FIRS communications and liaison department, said the deadline has been extended from June 30 to August 31. Ahmed quoted Muhammad Nami, the FIRS executive chairman, [...]
The debate over the ideal Pay TV model in Nigeria has been on for ages. It has, however, been taken a notch higher, as Lai Mohammed, the minister of information and culture, on June 30 made a case for the pay-as-you-go (PAYG) model at the national assembly. Among the other benefits he listed, he said PAYG would grow an untapped low-income [...]
Atedo Peterside, the founder of Anap Foundation, has been appointed to co-chair the steering committee for the development of a medium-term national development plan, alongside Zainab Ahmed, the minister for finance, budget and national planning. The economic and recovery growth plan which was created in 2015 expires in 2020. Clem Agba, the minister of state for budget and national planning, disclosed the [...]
PZ Cussons Nigeria says that it will decide, in an extraordinary general meeting with its shareholders, on how it will transact the sale of Nutricima Limited to FrieslandCampina. According to a statement published on the website of the Nigeria Stock Exchange (NSE), the meeting will hold on July 28, 2020. PZ Cussons said shareholders at the EGM will have to approve and [...]
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