Business
Wednesday, 15 May 2013 16:02
Long Walk to e-Dividend
The electronic dividend payment system introduced by the Securities and Exchange Commission is trailed by myriads of problems hindering its effective implementation When the Securities and Exchange Commission, SEC, introduced e-dividend, an electronic dividend paying system, in the Nigerian stock market, on June 16, 2008, stakeholders in the sector were excited about the innovation, which they said would be beneficial to all. But five years on, the deadline fixed by SEC for all shareholders and investors in public quoted companies to migrate to e-dividend have been shifted four times. From a December 31, 2008 deadline, it…
Monday, 13 May 2013 17:30
IFC Partners Guinea on Private Sector Growth
The International Finance Corporation, IFC, last week, met with Alpha Conde, Guinean president, to explore ways to strengthen private sector participation in the development strategy of the West African country. “The private sector has an essential role to play in Guinea’s economic development – by helping build roads and power stations and develop the country’s natural resources,” Jin-Yong Cai, executive vice president and chief executive officer, CEO, IFC, a member of the World Bank Group, said. According to the IFC boss, the global development institution is well positioned to help Guinea establish an enabling environment for private companies…
Monday, 13 May 2013 17:25
FG Recovers $2 Billion from Oil Companies
The federal government has so far recovered about $2 billion debts owed it by oil companies operating in the country. The Nigeria Extractive Industry Transparency Initiative, NEITI, which made this disclosure in a statement recently, said efforts are being made by an inter-agency group it was leading to recover an outstanding sum of $9.6 billion also owed by oil firms. Orji Ogbonnaya Orji, director, communications, NEITI, who disclosed this in a statement, said the amount represented the difference between what the companies claimed they paid and what government declared it received, stressing that the sum was calculated from…
The four global system for mobile communication, GSM, operators in the country have again come under the hammer of the Nigerian Communications Commission, NCC, regulator of the telecoms sector, for violating the telephone subscribers registration regulations 2011, which proscribes the sale of pre-registered subscriber identification module, SIM, cards. The four operators, MTN, Airtel, Globacom and Etisalat were fined a total of N53.8 million last week with each of the pre-registered SIM cards attracting a penalty of N200,000. The industry regulator based its action on the number of pre-registered SIM cards that were either reported to it or purchased…
Monday, 13 May 2013 17:21
Huawei Unveils Windows Smartphone for Africa
Chinese information and communications technology, ICT, solutions giant, Huawei, in partnership with Microsoft, has unveiled its first Windows Phone 8 smartphone, in Lagos last week. The device, which is designed specifically for the growing African market is based on the Ascend W1 unveiled recently at the Consumer Electronics Show in Las Vegas, United States. Dubbed Huawei 4Afrika, the phone is marketed as an “affordable option” for developers, first-time smartphone buyers, small businesses and students. It is thus seen as a smart and stylish alternative for consumers looking for great technology at a pocket-friendly price. The Huawei device with…
Monday, 13 May 2013 17:19
Nigeria, South Africa Strengthen Bi-Lateral Relations
The much publicised state visit of President Goodluck Jonathan to South Africa last week has begun to yield fruits. Jonathan and Jacob Zuma, South Africa’s president have signed a multi-level memorandum of understanding, MoU and agreements in Cape Town to strengthen bilateral relations between their countries as part of activities marking the visit. Areas covered under the agreement are defence co-operation, power sector development, information and communication technology, oil and gas, waiver of visas on diplomatic and official passports, women development and empowerment, child development, cooperation in legal field, geology, mining and mineral processing and metallurgy. “South Africa…
Monday, 06 May 2013 14:00
Major HR Conference to Focus on Innovation and Business Success
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Business
In June, the HR Leaders in Africa 2013, a major HR conference, will take place in Lagos, Nigeria. HR professionals from leading companies will gather to share ideas and discuss policies at the forum, which is themed Bringing World Class Innovation in Human Resources. It will showcase approaches taken by organisations as they adapt to the upsurge in the economies of regional countries. Following the success of the inaugural HR Leaders in Africa conference last year, this year’s event promises to be a comprehensive learning and networking forum for HR professionals. HR Leaders in Africa 2013 will run…
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- Most Read
- Most Commented
- Private Jet Boom: More Nigerians Fly in Style in Top Story Read 1712 times
- The ‘Bull’ and His Business Empire in Top Story Read 1682 times
- MNP Won’t Solve Problem of Poor Quality of Service – Gbenga Adebayo, chairman, ALTON in Top Story Read 1369 times
- Ferguson: The End of an Era in Blog Read 1349 times
- A Call for Openness in The Nation Read 1032 times
- A Carnival of Love for Ileso, Edosa in Entertainment Read 994 times
- NCC Slams GSM Operators in Business Read 553 times
Between Their London and Our L
London is a city of shops and shopkeepers. People come to London for different reasons. ...
Read moreMental Health in Children
It is widely accepted that Attention Deficit Hyperactivity Disorder – or ADHD – is ...
Read moreEnduring Violent Relationships
Why do women stay in abusive or violent relationships? Each woman who chooses to doe...
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