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Firm asks court to block SAP accounts over breach


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Oluwatosin Omojuyigbe
A firm, B4G Consulting Limited, has urged the Lagos State High Court to restrain the banks operated by the Systems Applications Products Nigeria Limited from releasing the total sum of $3,371,945.27 and N5m to SAP and other instruments belonging to it pending the hearing and determination of an alleged contract breach suit.
The firm, in a suit marked LD/ADR/519/2016, and reassigned to Justice Ezekiel Ashade, sought an order of the court directing the banks to file and serve affidavits before the court within seven days of the grant of the prayers of the firm to disclose an account of all money, funds or other instruments belonging and payable to SAP held with them. ....

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Lagos emerge as top foreign investment destination as Nigeria's Q3 capital importation stands at $1.46bn

Foreign Investment into Nigeria rises 12.8% to $1.46bn in Q3'20 -


By Babajide Komolafe
Foreign Investment into Nigeria (capital importation) rose by 12.86 percent, quarter-on-quarter (q/q) to $1.46 billion in the third quarter of the year (Q3’2020) from $1.29 billion in Q2’2020.
Nigeria Bureau of Statistics (NBS) disclosed this in its Foreign Capital Importation report for Q3’2020.
The Bureau however stated that the $1.46 billion foreign investment inflow recorded in Q3’2020 represents a 74 percent decline when compared with the $5.62 billion recorded in the corresponding period of 2019 (Q3’2019).
The NBS stated: ” The total value of capital importation into Nigeria stood at $1.46 billion in the third quarter of 2020.
This represents an increase of 12.86 percent compared to Q2 2020 and a 74.03 percent decrease compared to the third quarter of 2019. ....

United Kingdom , Lagos State , Babajide Komolafe , Nigeria Bureau Of Statistics , Standard Chartered Bank Nigeria , Kindly Share This Story , Foreign Capital Importation , Standard Chartered Bank Nigeria Limited , Foreign Direct , Portfolio Investment , Share This Story , ஒன்றுபட்டது கிஂக்டம் , லாகோஸ் நிலை , நைஜீரியா பணியகம் ஆஃப் புள்ளிவிவரங்கள் , தரநிலை பட்டய வங்கி நைஜீரியா , கைஂட்லீ பகிர் இது கதை , வெளிநாட்டு மூலதனம் இறக்குமதி , தரநிலை பட்டய வங்கி நைஜீரியா வரையறுக்கப்பட்டவை , வெளிநாட்டு நேரடி , போர்ட்‌ஃபோலீயோ முதலீடு , பகிர் இது கதை ,