Corporate and Commercial

The Receiver/Manager’s Nominee of Integrated Energy Distribution and Marketing Company (IEDM), yesterday said it is the legal and beneficial owner of 60 per cent (controlling and managing) shareholding interests in Ibadan Electricity Distribution Company (IBEDC). It advised the public to ignore a…

The National Information Technology Development Agency (NITDA) has announced that it has issued a ‘Code of Practice’ for Interactive Computer Service Platforms/Internet Intermediaries including online platforms. The agency stated this in a statement by its spokesperson, Hadiza Umar, on Monday. “The new global reality…

The National Pension Commission (PenCom) yesterday said it has approved the mergers and acquisitions of some pension fund managers in the country. The regulator, in a statement, said it authorised the acquisition of Investment One Pension Managers Limited by Guaranty Trust Holding…

MTN Nigeria Communications (MTNN) Plc has announced that its first public offer for sale of 575 million shares recorded an oversubscription of 139.47 per cent. This is contained in a statement signed by the MTNN Company Secretary, Uto Ukpanah, posted on the Nigerian…

The federal government will today commence the collection of income tax on bonds, short-term securities. This followed the expiration of a 2012 gazette which exempted Companies Income Tax (CIT) from bonds and short-term securities in the past 10 years. The federal government had in…

The Federal Government at the weekend assured that it would step up its collaboration with the Nigerian Exchange (NGX) with a view to developing the climate financing environment in Nigeria. Minister of State for Environment, Chief Sharon Ikeazor, who performed the digital closing…