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Seven Firms Jostle To Beat NSE’s Deadline

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6 years ago

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Seven companies operating in Nigeria are currently jostling to meet the deadline for the release of the 2019 financial results, which is a post listing requirements of the Nigerian Stock Exchange (NSE).
The seven firms, before the end of weekend, had notified the Exchange of their close period for the year under consideration.
The seven companies are First Bank Nigeria Holding, FBNH Plc, United Bank of Africa, UBA Plc, Julius Berger Nigeria Plc, Honeywell Flour Mills Plc.
Others include: Nigerian Aviation Handling Company, HAHCO Plc, Vitafoam Nigeria Plc and Consolidated Insurance Plc.
The NSE in a notice to public companies stated: “The SEC’s communication required public companies to elect one of two options: to file Fourth Quarter, Unaudited Financial Statement, UFS within thirty (30) days after the quarter end and Annual Financial Statement, AFS within ninety (90) days after the year end or not to file Fourth Quarter UFS but to file the Annual AFS within sixty (60) days after the year end. “
In view of the above, companies listed on the Nigerian Stock Exchange are required to notify the Exchange on or before Friday, 17 January 2020 of their preferred option to enable the Exchange monitor compliance with the SEC’s directive effectively.”
Early filers, according to the NSE are companies that file their interim financial statements at least two weeks before the due date, and Audited financial statements at least four weeks before the due date.
Meanwhile, the notice sent to the NSE from FBN Holding reads: “This is to inform the public and our stakeholders that the Board of FBNH will be meeting on Wednesday January 30 to consider the unaudited financial statements for the year ended December 31, 2019 on Thursday, January 30, 2020. Consequently, there will be a closed period from Wednesday, January 15, 2020.”
For UBA the notice states: “ In compliance with the post listing requirements of the NSE for quoted companies UBA hereby declares the commencement of the closed period for trading in the bank’s shares from January 12, 2020, in respect of the Reports and Financial Statements for the period ended December 31, 2019 as well as the final dividend.”
For Julius Berger it states: “The Board Audit Committee of Julius Berger Nigeria would meet Thursday January 23, 2019 to consider the results for the fourth quarter ended December 31, 2019. In the light of this, January 27, 2020 has been declared a closed period.”

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Kenyan Runners Dominate Berlin Marathons

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23 hours ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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23 hours ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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23 hours ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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