….As turnover grows by 44% The Nigerian Aviation Handling Company Plc (NAHCO Plc) held its 41st Annual General Meeting (AGM) in Lagos , July 29, 2022. At the AGM, which was held both physically as well as virtually, the Board of the company informed Shareholders that the group turnover stood at N10.2 billion, representing a…
The Lagos Chamber of Commerce and Industry has told the Federal Government to jettison its plan to ban the activities of miners in the country. The chamber made the call in a statement titled, “LCCI statement on the proposed nationwide ban on motorcycles and mining activities,” which was signed by its Director-General, Dr Chinyere Almona….
The United States International Development Finance Corporation and Access Bank has said a $280m deal that will boost Small and Medium-scale Enterprises’ financing in Nigeria. The Chief Executive Officer, US International Development Finance Corporation, Scott Nathan, signed a commitment letter for the $280m in financing for Access Bank Plc in Nigeria alongside Access Bank Managing…
Oil giant, TotalEnergies E&P Nigeria Limited, has inaugurated infrastructure projects, including a technical workshop at the Government Technical College in Port Harcourt, Rivers State. The development projects, which also consist of a 200-bed hostel and a 25-block classroom, are in fulfillment of TotalEnergies’ commitment to the Nigerian Content Development and Monitoring Board’s priority on human…
RMBNigeria said it is proud to have worked with Dangote Industries Limited to facilitate a corporate bond issuance in the Nigerian capital markets. It said the N187.58bn Series 1 issuance was aimed at part-financing the completion of the Dangote Petroleum Refinery Project, a key infrastructure project for Nigeria and West Africa, which is currently scheduled…
In June 2021, the Federal Inland Revenue Service (FIRS) introduced its Naira denominated tax filing platform, the TaxPro Max, an online platform meant to ease tax compliance and modernise tax administration in the country. This is in compliance with the provisions of the Finance Act 2020 which empowers the FIRS to automate tax return filing…
The Lagos State Government has begun payment of compensation to 800 people affected by the right of way of the 32km Lagos Rail Mass Transit (LRMT) Red line project in Ogun State. The Managing Director, Lagos State Metropolitans Area Transport Authority (LAMATA), Mrs Abimbola Akinajo, made this known in a statement issued in Lagos. Akinajo…
Wema Bank Plc has launched the Leadership Development School as an addition to its Purple Academy to help in the overall development and transformation of its workforce. Speaking at the opening ceremony of the leadership school, the Managing Director/Chief Executive Officer of the bank, Mr Ademola Adebise, said organisations had a huge task to optimise…
The FCMB Group Plc has declared a 73.2 per cent growth in profit for the six months ended June 30, 2022. A statement said the bank recorded a profit before tax of N15.4bn, an equivalent of 73.2per cent year-on-year growth compared to N8.9bn in 2021. It also recorded 84.2per cent in the Banking Group, 42.7per…
