Corporate and Commercial

The Corporate Affairs Corporation has reiterated its management and staff commitment to ensuring speedy service delivery to clients. Alhaji Garba Abubakar, CAC’s Registrar-General, in an interview with newsmen in Abuja, said the commission was ensuring this digitally through its unique portal. “There is no…

The Consumer Rights Project, a Nigerian Think Tank on Consumer Rights and Local Content Development has deprecated the attempt by the promoters of GSK International, operating in Nigeria, to cripple its Nigerian Business at the detriment of Nigerian Shareholders. They have noticed…

The planned Annual General Meeting (AGM) of Seplat Energy Plc is under threat as the Corporate Affairs Commission (CAC) has pulled out of the indigenous energy giant, citing an order made by Justice Inyang Ekwo of the Federal High Court, Abuja, restraining…

A firm contracted by the Federal Government for the production of the country’s international passports, Iris Smart Technologies Limited, has attributed the scarcity of passport booklets in Nigeria to the Federal Government’s breach of the production contract it had with it since…

Femi Otedola, billionaire businessman, says he offered to acquire Transcorp Plc for N250 billion and take the company’s market capitalisation to N2 trillion but his bid was rejected. Recently, Otedola acquired a 5.52 percent stake in Transcorp Plc to become the second largest shareholder…

The Securities and Exchange Commission(SEC) has approved and issued a licence to Tro-vest Asset Management Limited to commence full operations as a funds and portfolio manager in the country. Tro-vest Asset Management is a member of Tro-vest Capital Partners; which is a full-fledged…

Standard Chartered has announced the appointment of Olukorede Adenowo (K.O) as the Chief Executive Officer (CEO), Standard Chartered Bank Nigeria Limited. According to a statement yesterday, his appointment as CEO followed his recent appointment as Executive Director, Corporate, Commercial and Institutional Banking business…

INDOFOOD, the producer of indomie noodles, has debunked the claims by the Taiwan and Malaysian governments that one of its product varieties – chicken flavour – contains ethylene oxide (“EtO”), a cancer-causing chemical linked to lymphoma and leukaemia. In a statement on Friday, the company said its products…

Seplat Energy Plc has revealed its plans to initiate a recruitment process for a new board chairman, following the retirement of Mr Basil Omiyi. In a statement, Omiyi announced his retirement as the chairman of Seplat Energy board on Tuesday. He also disclosed the…