By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The central bank of Nigeria (CBN) Tuesday unveiled a new code of corporate governance and whistleblowing guidelines for banks and discount houses. This is contained in a circular dated May 16, 2014 with reference number FPR/DIR/CIR/GEN/01/004 and signed by Kevin .N. Amugo, director, financial policy […]
Capital Market
Non-implementation of VAT, stamp duty waiver angers shareholders
One year and five months after the Finance ministry promised that it would waive Value Added Tax and stamp duty on capital market transactions; it has failed to keep its promise, leaving shareholders angry. The Minister of Finance, Dr. Ngozi Okonjo-Iweala, had explained in a statement in December 2012 that […]
May & Baker seeks more funds
The Managing Director, May & Baker Nigeria Plc, Mr. Nnamdi Okafor, says the company needs new equity funds and is considering the option of raising the funds. According to a statement on Monday, the funds will be used to support the company’s plan for long-term growth and reduce the high […]
