Corporate and Commercial

guideline that allows companies to hold their annual and other general meetings mainly through the use of proxies will expire by December 31, 2022. The Corporate Affairs Commission (CAC) yesterday said the guideline, which was introduced in the wake of the COVID-19 pandemic,…

The Corporate Affairs Commission (CAC) in Abuja yesterday unveiled a Beneficial Ownership Register (BOR) platform for companies in a bid to improve transparency. The Registrar General of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, at the unveiling of the platform to customers…

Operators in the carbonated soft drinks sub-sector of the Manufacturers Association of Nigeria (MAN) have raised alarm over implications of the federal government’s proposed 20 per cent Ad-valorem Excise Tax on non-alcoholic beverages, which covers the widely consumed Carbonated Soft Drinks (CSD)…

African Export-Import Bank (Afreximbank) and the Silverbird Group yesterday signed a partnership agreement on the side-lines of the Africa Investment Forum holding in Abidjan, Cote d’Ivoire, to build West Africa’s largest and most modern educational and film studio complex in Lagos. The partnership…

On Tuesday, Amazon Web Services, Inc. (AWS) announced the opening of its first office in Lagos, Nigeria. AWS said the new Lagos office is part of its support for the growing number of customers and partners in Nigeria. “The office will support organizations of…

MTN is set to invest in Nigerian owned businesses through a campaign – ‘MTN Pulse BlowMyHustle’, which aims to economically empower Nigerian youths involved in scalable businesses. Speaking at the MTN Pulse launch, Chief Marketing Officer, MTN Nigeria, Adia Sowho, said “The ‘hustle…

BUA Group, a manufacturing and infrastructure conglomerate, says it is no longer interested in a 50,000-hectare land it acquired from the Kogi government in 2012. The company said this in a letter seen by press, dated October 14, 2022, and addressed to…

The President of Dangote Group, Alhaji Aliko Dangote has thrown his weight behind the clamour for the revival of Nigeria’s ailing textile and manufacturing sectors by urging the National Assembly to pass a law that would penalise sale of banned textiles materials…

The National Security Council (NSC) chaired by President Muhammadu Buhari has directed that the Dangote cement factory in Obajana, Kogi State, be reopened immediately. The council gave the directive on Friday at a meeting held at the Council Chambers of the State House,…