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  • Standard Chartered invests $57m in energy firm

    Standard Chartered’s Private Equity Africa (SCPE) division has announced its first investment in Africa’s developing power sector. The SCPE invested $57 million in Zambian Energy Corporation, the controlling shareholder of Copperbelt Energy Corporation Plc (CEC). A statement...

    • Posted March 14, 2014
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  • Firm plans 1,000 agents for electricity bill payment

    A revenue collection firm for the Ikeja Electricity Distribution Company, Scratch `N’ Pay, has urged prepaid meter customers to embrace the use of recharge cards for prompt payments of their bills. The company, in a statement on...

    • Posted March 14, 2014
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  • OPEC boosts demand estimate

    The Organisation  of   Petroleum Exporting Countries bolstered forecasts for the amount of crude it will need to provide this year as the economic recovery stokes global fuel consumption. Iraq, its second-largest member, pumped the most oil since...

    • Posted March 14, 2014
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  • We will resist privatisation of refineries – NUPENG

    The Nigeria Union of Petroleum and Natural Gas Workers has said that it will resist plans by the Federal Government to privatise the country’s refineries. The President, NUPENG, Mr. Achese Igwe, said in a statement, “NUPENG takes...

    • Posted March 14, 2014
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  • Nigerians unfair, ignorant of our operations – NNPC

    The Nigerian National Petroleum Corporation on Thursday lamented that Nigerians were unfair to the cooperation and were ignorant of its operations. According to the NNPC, the incessant attacks on it by the masses were demoralising thousands of...

    • Posted March 14, 2014
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  • FG to forward four maritime bills to National Assembly — Jonathan

    PRESIDENT Goodluck Jonathan has said that the Federal Government will soon forward four maritime bills to the National Assembly for consideration and passage into law. The four bills include:  National Transport Commission, NTC, bill, the Railway bill,...

    • Posted March 14, 2014
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  • Investors stake N1.8bn on 367million shares on NSE

    Investors on Thursday staked N1.82 billion on 367.193 million shares in 4,002 deals on the Nigerian Stock Exchange (NSE), the News Agency of Nigeria (NAN) reports. This was in contrast to the 281.637 million shares worth N3.12...

    • Posted March 13, 2014
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  • FIRS unveils new tax regime for multinational companies

    The Federal Inland Revenue Service, (FIRS), on Thursday, unveiled a new tax assessment system that would ensure proper taxation of multinational companies and enterprises operating in the country. The Acting Executive Chairman of FIRS, Mr Kabir Mashi,...

    • Posted March 13, 2014
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  • Embrace cashless policy to curb corruption – Acting CBN Governor

    ACTING-governor of Central Bank of Nigeria, CBN, Mrs. Sarah Alade, yesterday, urged stakeholders to sincerely embrace the cashless policy of the bank, so as to curb corruption in Nigeria and meet the vision 2020 requirement, which according...

    • Posted March 13, 2014
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  • SEC report: Ecobank reinstates whistleblower, replaces CEO

    Ecobank Transnational Incorporated has announced the departure of Group Chief Executive Officer, Mr. Thierry Tanoh, with effect from March 12 (today). Effective the same date, he will no longer be a Director of ETI. The Board of...

    • Posted March 13, 2014
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  • Investors stake N198bn on shares in two months

    Investors staked about N198 billion on 21.506 billion shares in 233,376 deals in the first two months of 2014, THISDAY checks have revealed. Trading statistics for the two months collated by THISDAY showed that February accounted for...

    • Posted March 13, 2014
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  • 2014 budget: FG allocates N10bn for Abuja Rail Project, FCTA to get N3.7bn SURE-P funding

    The federal government has earmarked the sum of N10 billion from its 2014 SURE-P as counterpart funding towards early completion of the Abuja Rail Mass Transit project. The Minister of Federal Capital Territory (FCT), Senator Bala Mohammed,...

    • Posted March 13, 2014
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  • NSE seeks advisers for public listing

    The Nigerian Stock Exchange plans to appoint financial advisers to guide it through the process of becoming a publicly listed company, it said on Tuesday. The NSE is the second-biggest bourse in sub-Saharan Africa after Johannesburg, which...

    • Posted March 13, 2014
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  • Senate Committee silent on NNPC’s forensic audit

    The Chairman, Senate Committee on Finance, Senator Ahmed Makarfi, has refused to make a categorical statement on the action so far taken by his committee to hire forensic experts to probe the accounts of the Nigerian National...

    • Posted March 13, 2014
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