NDDC’s N1bn a month super agent fee exposes its financial rot
Businessam Staff
November 7, 2019
Ben Eguzozie, in Port Harcourt Federal Government quango, the Niger Delta Development Commission (NDDC), is now locked in a financial crisis of confidence with a consulting firm over monthly payment of N1 billion to the firm known as “agent fee.” The money is said to be three percent ‘agent fee’ paid every month by the […]
Nigerian law makers will demand accountability in power sector, says senate president
Businessam Staff, Mudashir TundeNovember 5, 2019
Tola Akinmutimi President of the Senate, Ahmad Lawan, on Monday, said that the Ninth National Assembly would demand accountability and transparency in the nation’s power sector funding, particularly in the application of funds proposed for it in the 2020 budget. The lawmaker made this remark when Joseph Chiedu Ugbo, managing director of Niger Delta […]
NSE lifts R.T Briscoe’s suspension
Afolabi OluwaseunSeptember 18, 2019
The Nigerian Stock Exchange (NSE) today, announced that it has lifted the suspension it had earlier placed on the shares of R.T. Briscoe Nigeria Plc, after the club failed to submit its financials as at when due. In a statement signed by Godstime Iwenekhai, NSE’s Head of Listings Regulation Department, the exchange stated that the […]
Cocoa farmers urge government to include cocoa drink in school children daily meal
Kenneth AforJuly 18, 2019
By Kenneth Afor In a conscious effort to boost the nation’s agriculture sector and to make the federal government’s school feeding programme sustainable, Adeola Adegoke, president of the Cocoa Farmers Association of Nigeria (CFAN) has called on the government to include a cocoa drink as part of a daily meal for the pupils in schools […]
Nigerian bourse okays 33 companies, 435 directors on governance rating
Andy NssienJanuary 22, 2018
The Steering Board of the Corporate Governance Rating System (CGRS) says it has passed 25 companies which successfully scaled its rating test, having scored the required pass mark of 70 percent, whilst 87 others are at various stages of completing the process. The 25 successful companies join eight other firms that retained their rating from […]