Tuesday, March 30, 2021
Shareholders to Receive N2.9bn Dividend as FCMB Records N20bn Profit
Shareholders of FCMB Group Plc are to share N2.97 billion as dividend for the year ended December 31, 2020, translating into 15 kobo per share. The dividend, which is higher than 14 kobo paid the previous year, was contained in the audited results released to the Nigerian Stock Exchange (NSE) by financial institution. Read more
Neimeth Shareholders Task Board to Sustain Growth
Shareholders of Neimeth International Pharmaceuticals Plc have commended the board and management of the company over the performance and called for sustenance of the growth trajectory. The shareholders, who spoke at the 62nd annual general meeting (AGM) in Lagos, made the call after hearing the expansion plans of the company as disclosed by its chairman, Ambrosie B.C Orjiako. Read more
Lagos accounts for 12.15% as states debts hit N4.2tn
The total states and Federal Capital Territory domestic debt profile hit N4.2tn with Lagos State accounting for 12.15 per cent of the debt stock as of the end of 2020. According to the report by the National Bureau of Statistics in its report on ‘Nigerian domestic and foreign debt (Q4, 2020) on Monday, Jigawa State had the least debt stock in this category with a contribution of 0.74 per cent. Read more
FG moves to revive oil fabrication yard in Lagos
The Federal Government has expressed its readiness to assist in reviving a multimillion-dollar oil fabrication yard in Lagos State stalled since 2015 after a force majeure declared by an international oil company operating in the country. The Snake Island Fabrication Yard was being built by an indigenous company, Kaztec Engineering Limited, with Addax Petroleum Development Company as its technical partner. Read more
‘Forensic investigation can curb Nigeria’s $10b yearly illicit financial outflows’
The application of Forensic science in Nigeria will halt the pervasive illicit financial outflows estimated at a whopping $10 billion yearly, particularly by the multinationals from Nigeria. Also, the deployment of fraud preventive technology will help Nigeria account for recovered loot and prevent their re-looting. Read more
‘Forensic investigation can curb Nigeria’s $10b yearly illicit financial outflows’
The application of Forensic science in Nigeria will halt the pervasive illicit financial outflows estimated at a whopping $10 billion yearly, particularly by the multinationals from Nigeria. Also, the deployment of fraud preventive technology will help Nigeria account for recovered loot and prevent their re-looting. Read more
