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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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  • The passage of the Nigerian Electricity Management Services Authority bill (NEMSA)

    Recently, the Nigerian Senate passed a Bill to establish the Nigerian Electricity Management Services Authority (“NEMSA”). This is one controversial bill which many have argued will upset the already-steady regulatory environment of the Nigerian electricity sector. With...

    • Posted May 4, 2015
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  • Oil prices rise further as dollar drops

    Oil prices rose again Thursday on data suggesting the US crude glut is easing as the dollar weakened against the euro. US benchmark West Texas Intermediate for June delivery rose $1.05 to $59.63 a barrel on the...

    • Posted May 3, 2015
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  • Dangote Cement expends N217bn on pan-African expansion

    Dangote Cement Plc invested N217 billion on its expansion programme across African countries during the 2014 financial year. The countries are Nigeria, Senegal, Cameroun, Congo, Ghana, Cote d’Iviore, Sierra Leone, South Africa, Ethiopia, Tanzania  and Zambia. The...

    • Posted May 3, 2015
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  • BoI recovers N2.9bn from debtors

    Following an aggressive loan recovery exercise, a re-engineering of its processes as well as a review of its risk management framework, the Bank of Industry’s (BoI’s) non-performing loan (NPL) portfolio has dropped to 4.09 per cent. Specifically,...

    • Posted May 2, 2015
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  • Transcorp announces N2.57bn pre-tax profit for Q1

    Transnational Corporation of Nigeria Plc says it made a profit before tax of N2.57bn in the first quarter of the 2015 financial year, compared to a loss before tax of N573.95m in 2013. The group’s profit after...

    • Posted May 1, 2015
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  • Okumagba steps aside as CIS president

    The Council, Chartered Institute of Stockbrokers on Thursday said it had approved the request of the institute’s President and Chairman of Council, Mr. Albert Okumagba, to step aside, pending the (conclusion of the) ongoing investigation by the...

    • Posted May 1, 2015
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  • Sterling Bank to pay N1.7bn dividend

    Sterling Bank Plc has received the approval of its shareholders to pay a dividend of N1.72bn, which translates into six kobo per share, for the 2014 financial. The bank had generated N103.7bn as gross earnings for the...

    • Posted May 1, 2015
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  • Nebo wants incoming regime to prioritise renewable power sources

    Minister of Power, Prof. Chinedu Nebo has urged the in-coming administration to remain receptive to investors with interest in other sources of electricity generation in the country. Nebo stated that concentration of future investments on coal, solar,...

    • Posted April 30, 2015
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  • FG inaugurates Africa’s first global Investment Office

    The Federal Government, on Tuesday, inaugurated the United Nations Industrial Development Organisation’s first global Technology and Investment Promotion Office in Nigeria.   The establishment of the Nigeria ITPO, the first to be located in sub-Saharan Africa, is...

    • Posted April 30, 2015
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  • Okoya seeks enhanced Nigeria, Belgium trade

    The President, Nigerian-Belgian Chamber of Commerce, Mr. Tunde Okoya, has said that an enhanced trade relations between the two countries will be mutually benefitting to their economies. While he noted that Nigeria’s oil and maritime industries would...

    • Posted April 30, 2015
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  • NIPP power stations ready to generate 2,910MW – Report

    A Status Report presented to the 31st Meeting of the Board of Directors of the Niger Delta Power Holding Company (NDPHC) held on April 17, 2015 has revealed that power stations built under the National Integrated Power...

    • Posted April 30, 2015
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  • NNPC advocates quick reform to mitigate oil revenue erosion

    The Nigerian National Petroleum Corporation (NNPC) has proposed immediate reforms that would reduce Nigeria’s seeming over reliance on oil revenue to offset over 85 per cent of her national expenditure. NNPC explained that a structural reform of...

    • Posted April 30, 2015
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