AMCON denies taking over Wema Bank
The Asset management Corporation of Nigeria on Wednesday denied claims that the corporation had taken over the ownership of Wema Bank. According to the Head, Corporate Communications, AMCON, Mr. Kayode...
View ArticleWe’re committed to gas resource development – Accugas
The Managing Director, Accugas Limited, a subsidiary of Seven Energy International Limited, Mr. Stephen Tierney, said the company is committed to Nigeria’s gas resource development. Tierney, in a...
View ArticleCCT scheme: FG releases N5bn to vulnerable women
President Goodluck Jonathan has released N5bn to 56,500 vulnerable women in the country under the Conditional Cash Transfer scheme to address issues relating to poverty. The scheme is targeted at...
View ArticleExperts fault BPE on Enugu power firm sale
The Bureau of Public Enterprises has continued to receive knocks for extending the payment deadline for Interstate, the preferred bidder for the Enugu Distribution Company, DAYO OKETOLA writes Experts...
View ArticleMarket capitalisation falls by N5bn
Equity trading activities on the Nigerian Stock Exchange continued its weak bargain on Wednesday, with major indicators losing marginally. The market capitalisation of the listed shares fell by 0.1 per...
View ArticleWe’re committed to gas resource development – Accugas
The Managing Director, Accugas Limited, a subsidiary of Seven Energy International Limited, Mr. Stephen Tierney, said the company is committed to Nigeria’s gas resource development. Tierney, in a...
View ArticlePost-harvest losses: FG, firm to build 800 warehouses
The Federal Government on Wednesday signed a Memorandum of Understanding with a private firm, African Exchange Holdings, to build 800 warehouses across the country to mitigate post-harvest losses...
View ArticleNigerian banks provide N280bn for power firms’ acquisition
Nigerian banks were responsible for raising over 70 per cent (about N280bn) of the balance paid by investors for the 14 successor companies to the Power Holding Company of Nigeria, investigations by...
View ArticleDangote, 11 banks seal $3.3bn refinery deal
The Dangote Group on Wednesday sealed a $3.3bn medium term deal with 11 local and foreign banks to finance the building of a petrochemical plant consisting of a refinery and fertiliser plant in the...
View ArticleSafety violation: NERC to sack power firms’ CEOs
The Nigerian Electricity Regulatory Commission on Wednesday said it would start firing the chief executive officers of power firms who treat safety issues with levity. The resolve, NERC said, was based...
View ArticleMinister, Aregbesola disagree over FG’s fertiliser policy
The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, and the Osun State Governor, Mr. Rauf Aregbesola, on Wednesday disagreed on the success or otherwise of the Federal Government’s...
View ArticleEssen RFID develops solution to tackle pipeline vandalism
An Original Equipment Manufacturer based in Mumbai, India, Essen RFID, has developed a technological solution to pipeline vandalism, one of Nigeria’s greatest problems. The Chief Executive Officer of...
View ArticleFG urges Total to manufacture solar products locally
The Federal Government has challenged Total Nigeria Plc to consider local manufacturing of solar-powered and environment-friendly lamps in the country. This is coming on the heels of the unveiling of...
View ArticleOil theft: Stakeholder advises government
The Chairman, Gladtrico International Limited, Chief Eric Ebozele, has advocated citadel fencing of areas where pipelines are located nationwide. Ebozele, who spoke to newsmen in Abuja after receiving...
View ArticleCNS Marine acquires $50m vessels, deepens offshore capacity
CNS Marine Nigeria Limited has acquired three vessels worth over $50m (N6bn) for offshore services in Nigeria. The Managing Director/Chief Executive Officer of the company, Mr. Barry Adedamola, in a...
View ArticleEconomic crisis: IMF approves $6.7bn Pakistan loan to ease
The International Monetary Fund has approved a $6.7bn (£4.3bn) loan for Pakistan amid a continuing economic crisis in the country. The loan will be paid out over three years, beginning with the release...
View ArticleECB improves forecast for eurozone economy
The European Central Bank has improved its outlook for the eurozone economy this year. It now expects the single-currency area to shrink 0.4 per cent compared to its previous forecast in June of a 0.6...
View ArticleOando pays N5.1bn dividend to shareholders
Oando Plc has disbursed N5.1bn as aggregate dividend to its shareholders for the 2012 financial year. A statement from the company on Thursday noted that the payment, which was made at the beginning of...
View ArticleVono profit rises to N121m
Vono Product Plc has said it recorded N121m gross profit in its 2012 financial period. In a statement on Thursday, the outgoing Chairman of the firm, Mr. Bashiru Lasisi, disclosed this during the...
View ArticlePEARL Awards wants SEC/NASS crisis resolved
The PEARL Awards Nigeria has called for a speedy resolution of the pending faceoff between the Securities and Exchange Commission and the National Assembly. The President/Chief Executive, PEARL Awards...
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