BUSINESS TOP STORIES

NSE Release: Oando Plc Warns Against Unofficial Company News Circulating In The Media

Daily Dispatch June 3, 2019

Our attention has been drawn to an unsigned document circulating online addressed to the Securities and Exchange Commission (SEC) and allegedly from the Chairman of Oando PLC (the ‘Company’ or ‘Oando’).  We would like to use this medium to inform the general public that the Company has not

BUSINESS

Breaking: Oando staff return home as police storm head office

Daily Dispatch June 3, 2019

Staff members of Oando Plc have been forced to stay away from work as policemen stormed the head office of the company on Monday morning. The Securities and Exchange Commission announced on Sunday night that it had set up an interim management team to oversee the affairs of Oando following the order that the company’s […]

BUSINESS

NCAA revokes pilot’s licence for violation of Nig. CARs law

Daily Dispatch June 2, 2019

The Nigerian Civil Aviation Authority (NCAA) has revoked the Airline Transport Pilot’s Licence (ATPL) of a pilot for serious violation of the Nigeria Civil Aviation Regulations (Nig.CARs). The General Manager Public Affairs, NCAA, Mr Sam Adurogboye, revealed this in a statement issued in Lagos on Sunday. Adurogboye who did not state the name of the […]

BUSINESS

CIFIPN to APBN: Sanction accountants who audited collapsed banks

Daily Dispatch June 1, 2019

The Chartered Institute of Forensic and Investigative Professionals in Nigeria (CIFIPN) have called on the Association of Professional Bodies of Nigeria (APBN) to sanction accountants that audited collapsed banks in the country. The anti-fraud body said that APBN will be applauded if they can call professional bodies that produced those that were involved in auditing […]

BUSINESS

Breaking: SEC orders Oando Group CEO Wale Tinubu, others to resign

Daily Dispatch May 31, 2019

The Securities and Exchange Commission has concluded its investigation of Oando Plc and ordered the Group Chief Executive Officer of the company, Mr. Wale Tinubu, and other affected board members to resign. SEC, in a statement on Friday, also said it barred Tinubu and the Deputy Group Chief Executive Officer of the company, Mr. Omamofe […]

BUSINESS

MTN Nigeria Posts N1.04trn Revenue In 2018

Daily Dispatch May 31, 2019

Two weeks after listing on the Nigerian Stock Exchange (NSE), MTN Nigeria Communications Plc on Friday announced revenue of N1.04 trillion for the financial year ended December 31, 2018. The News Agency of Nigeria (NAN) reports that the revenue was higher when compared with N887 billion achieved in the comparative period of 2017. A breakdown […]