CBN reads riot act to banks, firms, individuals over banned Items
It is not going to be easy for banks, companies and individuals behind activities aimed at undermining the extant policy on the 41 items banned from accessing foreign exchange at the official window of the Central Bank of Nigeria (CBN), as it is now declared economic sabotage. For the apex bank, beside the immediate prosecution,…
‘How listed firms rip off shareholders’
Apparently dissatisfied with level at which investors are short-changed in share reconstruction exercises, stock market investors have stressed the need for listed firms to stick to the initial policy of share buyback to enable shareholders to get value for their investment. Indeed, the shareholders, who opted for a ‘share buyback’, argued that post share reconstruction,…
Firms must take customer protection as their core, not ancillary business, says Irukera
Director General of Consumer Protection Council (CPC), Mr. Babatunde Irukera, in this interview with Ralph Omololu Agbana, spoke on the council’s achievements and challenges amid current efforts towards more efficient mechanisms to protect consumers. The Consumer Protection Council (CPC), among others things is empowered to eliminate hazardous products from the market; provide speedy redress to consumers complaints, and undertake campaigns as…
19 Nigerian firms partner with SUNN to fight malnutrition
As part of efforts towards tackling the menace of malnutrition, 19 Nigerian businesses have joined the Scaling Up Nutrition Business Network (SUNN), which recently hosted a one-day workshop in Lagos.
200 firms set for Abuja Housing Show
All is set for the Abuja Housing Show as ten countries, 20 organisations and 200 indigenous companies have indicated interest to participate in this year’s annual gathering of housing stakeholders.
Bayelsa govt sets regulatory, legal enforcement measures for oil firms
FOLLOWING the unresolved and consistent oil-related environmental degradation in Bayelsa State, the state Commissioner for Environment, Mr. Iniruo Wills, yesterday said the state government has set out certain administrative, regulatory and legal enforcement regulations to compel environment best practice by oil firms and other operators in the state.