Tag: business
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Listed companies declared N1.1trn dividends in 2024 –Agama
The Securities and Exchange Commission (SEC) has said that listed companies declared dividends totaling N1.1 trillion to shareholders in 2024. The Director-General of SEC, Emomotimi Agama, disclosed this at the first quarter Capital Market Committee (CMC) meeting recently in Lagos. Agama said out of the amount, listed companies had already paid N1.0 trillion to shareholders.…
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Aruwa Capital backs Yikodeen’s smart factory revolution for Nigerian footwear
In a move set to revolutionize Nigeria’s manufacturing landscape, indigenous footwear innovator Yikodeen has secured a $1.5 million strategic investment from Aruwa Capital Management to launch West Africa’s first smart manufacturing facility dedicated to safety footwear and other product lines. This funding milestone from Aruwa’s sophomore fund will transform Yikodeen from a successful local producer…
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President Tinubu inaugurates NNPCL Board as sports people praise Musa Kida’s appointment
President Bola Ahmed Tinubu on Thursday officially inaugurated the new Board of Nigeria National Petroleum Company Limited, at the Presidential Villa, in Abuja. The board, which is led by a renowned oil and gas technocrat, Engr. Ahmadu Musa Kida, has been saddled with the responsibility of turning around the financial fortunes of the nation’s biggest…
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NBBF President, Musa Kida named NNPC Chairman
President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari, Extrasportnigeria.wordpress.com reports. President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023. According to the State…
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NSC Chairman Dikko lays emphasis on sports economy
Newly appointed Chairman of the National Sports Commission, Mallam Shehu Dikko says the country’s journey towards a sustainable sports economy has begun. Dikko stated this on Wednesday when the former Minister of Sports, Senator, John Enoh officially handed over the affairs of Nigeria’s sports to him in a brief ceremony in Abuja. Dikko said, “History…
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Financial expert, GTI lists the negatives of ambush marketing in sports
In the ever-dynamic or enterprising world of sports (football inclusive), brands often scramble to gain visibility through sports assets. However, some brands in sheer desperation for cheap visibility have found solace in embracing the controversial practice of ambush marketing in the sports ecosystem. This tactic involves companies leveraging on the visibility of a sporting event…
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