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Financial Statements

The Commissioner for Finance Dr. Rabiu Onaolapo Olowo, made the appeal on Monday at a technical meeting with directors and heads of finance and accounts of all ministries, department and agencies of the government.

Lagos financially, economically viable – official

Contrary to the publication by BudgIT, a public finance analyst, the Lagos State Government said it is economically and financially solid.
According to the cement company’s Group Chief Financial Officer, Mr. Guillaume Moyen, Dangote Cement, is focused on growing the Nigerian economy.

Dangote Cement pays over N1 trillion dividends in seven years

Dangote Cement has grown the wealth of its shareholders, paying over N 1 trillion as dividends in the past seven years.
Shoppers leave the Shoprite store in Daveyton, South Africa May 23, 2018. REUTERS-Siphiwe Sibeko

Shoprite challenges order stopping assets transfer

South African retail company, Shoprite Checkers (PTY) Limited, has filed an application seeking the discharge of the mareva injunction stopping it from transferring its assets.
Speaker of the House of Representatives, Rep. Femi Gbajabiamila on the floor, moving a bill on the Repeal of Quarantine Act, 2004 at plenary yesterday at National Assembly Abuja. . Photo by Gbemiga Olamikan. 2

House of Reps seeks information on foreign reserves

What is the status of Nigeria’s Foreign Reserves Accounts? The House of Representatives on Wednesday demanded explanation from the Presidency through its Committee on Public Accounts.
Shoppers leave the Shoprite store in Daveyton, South Africa May 23, 2018. REUTERS-Siphiwe Sibeko

Court stops sale of Shoprite operations in Nigeria

A Federal High Court sitting in Lagos, Nigeria, has made an order stopping Shoprite Checkers (PTY) Limited from disposing of or transferring its assets out of its jurisdiction or to a third party over a $10 million judgment sum.
A man reads a message on data bundles from mobile telecoms operator Econet Wireless on his mobile phone in Harare, Zimbabwe, January 13, 2017. REUTERS-Philimon Bulawayo

Zimbabwe accuses mobile phone operator Econet of money laundering

Zimbabwean police have issued a warrant against the largest mobile phone operator Econet Wireless to hand over a list of its mobile money transactions and subscribers because authorities suspect it of involvement in money laundering, according to the warrant.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria Stock Exchange warns investors on shares of 13 firms

The Nigerian Stock Exchange (NSE) has urged investors to trade with caution on the shares of 13 companies for failing to submit financial statements without any explanation.

Union Bank posts N42.6 billion gross earnings in first quarter of 2020

Union Bank of Nigeria Plc on Wednesday announced gross earnings of N42.6 billion in its unaudited financial statements for the first quarter ended March 31, 2020.
The Governor of Imo State, Senator Hope Uzodinma, has sacked all chairmen of boards and parastatals in the state, including their members.

Governor Uzodinma speaks on ‘plan to probe’ Emeka Ihedioha

Governor Hope Uzodinma of Imo State, has clarified statements alluding to his alleged plan to probe the administration of his predecessor, Emeka Ihedioha.
African Export-Import Bank (Afreximbank)’s President, Prof. Benedict Oramah, said this at the on-going Afreximbank Annual Meeting (AAM 2019) in Moscow on Thursday.

Afreximbank board retains Nigeria as chairman

The African Export-Import Bank (Afreximbank) will pay a total of $69 million to its shareholders as dividend from its 2018 earnings, according to decisions reached during the Annual General Meeting of Shareholders (AGM) of the Bank which ended in Moscow on Sunday.
African Export-Import Bank (Afreximbank)

Afreximbank approves $69 million dividend for investors

The African Export-Import Bank (Afreximbank) on Saturday announced a $69 million dividend to its shareholders from its 2018 earnings.

Oando demands forensic audit report, rules out directors’ resignation

Oando Plc has demanded from the Securities and Exchange Commission the report of the forensic audit carried out by Deloitte & Touche for it to have a better understanding of the findings that culminated in the decisions taken by the commission.
Nigeria’s Securities and Exchange Commission’s claims that the group chief executive officer of Oando Plc, Wale Tinubu, his deputy Omamofe Boyo and the oil firm were involved in dubious activities cannot be substantiated

Oando: SEC’s claims against Wale Tinubu ‘unsubstantiated’

Nigeria’s Securities and Exchange Commission’s claims that the group chief executive officer of Oando Plc, Wale Tinubu, his deputy Omamofe Boyo and the oil firm were involved in dubious activities cannot be substantiated, an official of the oil company Oando said late on Friday.

NSE sanctions eight banks with N102 million fines

The Nigerian Stock Exchange has sanctioned eight banks with fines totalling N102.7m for failing to file their financial statements at the regulatory date.

Recent Stories

A knife-wielding attacker shouting “Allahu Akbar” beheaded a woman and killed two other people in what French officials described as a terrorist act at a church in the French city of Nice on Thursday, while a gunman was shot dead by police in a separate incident.

France: Three dead as woman beheaded, gunman killed in second incident

A knife-wielding attacker shouting “Allahu Akbar” beheaded a woman and killed two other people in what French officials described as a terrorist act at a church in the French city of Nice on Thursday, while a gunman was shot dead by police in a separate incident.

Report: Contracts secrecy in oil industry endangering Nigeria’s economy

A coalition of Civil Society Organisations, in a report published yesterday, lamented that a number of critical contracts in the Nigerian oil and gas industry are shrouded in secrecy and risk endangering the Nigerian economy and the welfare of citizens.

Nokia doubles profit, pledges to win at 5G

Finnish telecoms equipment maker Nokia more than doubled its profits in the third quarter as its new chief executive promised on Thursday to do “whatever it takes” to become the 5G market leader.
Kevin De Bruyne and Aymeric Laporte returned to training on Thursday and Pep Guardiola was remaining tight-lipped about whether they would be fit to return to face the Hammers.

Barcelona presidential front-runner hints at potential Pep Guardiola return

During an exclusive interview with Sky Sports, Barcelona presidential candidate Victor Font revealed his intention to reunite Pep Guardiola and Lionel Messi at the Nou Camp.
Fabinho has said he is now ready to make his first Premier League appearance since joining Liverpool.

Brazil coach shrugs off Fabinho dig from Liverpool boss

Klopp had a little dig at Brazil boss Tite after Liverpool's Champions League win over Midtjylland, criticising Fabinho's lack of game-time for the national team.