All posts by BusinessNews Staff

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  Investor responds to market demand, plans retail malls in FCT

  The strong demand for modern shopping centres by new and existing retail brands (local and foreign), seeking more foothold in Nigeria’s evolving retail market is, increasingly, gaining momentum especially at uptown neighbourhoods. The demand, which is fuelled...

  • Posted May 5, 2015
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  Union Bank Finances N4bn Gas Plant Project

  Union Bank of Nigeria Plc has signed a N4 billion agreement to finance Egboama Gas Plant owned by PNG Gas Limited. A statement from the bank explained that the facility would will provide the required funding for...

  • Posted May 5, 2015
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  E-dividend mandate’ll reduce unclaimed dividend – Shareholders

  Electronic Dividend (e-dividend) was introduced to forestall the rising incidence of unclaimed dividend in the Nigerian Capital Market. Shareholders who spoke with Vanguard Investors Forum, explains how e-dividend work and its benefits over paper dividend. Excerpts: Mr....

  • Posted May 5, 2015
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  Kaduna Electric Alerts of Plot to Sabotage Its Operations

  The management of Kaduna Electric has alerted the public on efforts by some disgruntled elements to sabotage its operations. It accused some members of the immediate past management team of the company and some of those who...

  • Posted May 5, 2015
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  Six banks top human capital value-added in 2014

  Six Nigerian banks have been identified as having the highest positive human capital value-added for Financial Year 2014 down from eight that made it in 2013. A research conducted by Thaddeus Investment Advisors & Research Ltd has...

  • Posted May 5, 2015
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  South African groups to double Nigeria investments

  As xenophobia diplomatic tension between Nigeria and South Africa dies down, South African companies are taking bullish positions on the Nigerian economy, apparently crowding out local competition. Two of the South African companies have, Pepkor and Shoprite,...

  • Posted May 4, 2015
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  Rising debts: Oil marketers may sack workers

  Downstream operators in the nation’s petroleum sector are under pressure to reduce their staff strength and constrain operations, following rising debts in the sub-sector, according to findings by our correspondent. The oil marketers, as the operators are...

  • Posted May 4, 2015
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  Nigerian banks cut dividends as capital needs spur earnings retention

  Nigerian banks are cutting their dividend payouts to shareholders as the need to conserve capital due to Basle 2 requirements leads them to retain earnings. “Banks are increasing dividend retention ratios,” said Muyiwa Oni, a bank analyst...

  • Posted May 4, 2015
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  Private sector investment in Lagos waste management value chain hits N28bn

  A total of N28 billion was invested by local and foreign investors into the entire value chain of waste management process in Lagos State since 2007, Ola Oresanya, managing director, Lagos Waste Management Authority (LAWMA), has revealed....

  • Posted May 4, 2015
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  Shareholder activism: Stakeholders disagree to agree

  Shareholders and regulators in the Nigerian capital market have expressed dissatisfaction over the activities and operations of either parties. This was the fallout of a recent deliberation at the Grey Matter Dialogue, organised by commercial law firm,...

  • Posted May 4, 2015
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