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  • Lack of implementation of IFAD programmes caused by failure in payment of counterpart funds – Ogbin

    The Cross-River state Programme Officer for International Fund for Agriculture Development (IFAD), Mr Innocent Ogbin, yesterday said the State government has accessed about 447,000 dollars from IFAD since 2006. Speaking to reporters during an interview with the...

    • Posted December 27, 2012
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  • “Nigerians will enjoy stable power,” TCN assures

    The Transmission Company of Nigeria(TCN) has assured Nigeria of improved service delivery in power transmission, distribution and delivery. Considering the importance of the power sector towards unlocking Nigeria’s Industrial, Innovative and Infrastructural development prospects,the company has been...

    • Posted December 27, 2012
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  • Kola Karim Appointed Director Of A.G. Leventis

    A.G. Leventis (Nigeria) Plc notified The Exchange of the appointment of two new Directors,Messrs Kola Karim and Michail Oikonomakis effective from December 06, 2012. Mr. Kola Karim has been the Managing Director/CEO, (Shoreline Group) Shoreline Energy International...

    • Posted December 27, 2012
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  • NSE Reviews Indices In Bi-Annual Exercise

    The management of the Nigerian Stock Exchange has almost wrapped up its bi-annual review of its indices. The NSE reviews its indices every June and December. It has signaled that changes effected from its latest review will...

    • Posted December 27, 2012
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  • 90% Of Retail Transactio​ns In 2012 Were Cash Backed – Experts

    Ninety percent of the total transactions in the retail industry during the 2012 period were cash backed transactions, experts have said. The large volume of cash backed transaction has sent signals that the CBN’s cashless policy has...

    • Posted December 27, 2012
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  • 70% of Nigerian Stock Market Activity Controlled By Foreigners

    Players in the capital market are disconcerted by the fact that 70% of the activity of the bourse is controlled by foreigners. Research shows that 70% of the daily buying and selling that transpires on the Nigerian...

    • Posted December 27, 2012
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  • Conoco Phillips acquisition to be funded by debt and equity – Oando

    Nigeria’s leading indigenous oil and gas firm, Oando plc says it is set to fund its major acquisition deal of American energy firm Conoco Phillips through the sale of its debt and equity(shares). The deal which is...

    • Posted December 27, 2012
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  • Governor Obi to take $75m loan, CD reminds him of his failed promises

    Constant government borrowing for state’s sustainability has recently become fashionable in the country, with the President and state governors taking to the tide. Just few weeks ago, the Association of Senior Civil Servants of Nigeria (ASCSN) challenged...

    • Posted December 27, 2012
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  • ICPC to fraudulent contractors: “2013 won’t be business as usual”

    The Independent Corrupt Practices and other related Offences Commission (ICPC) has communicated its renewed determination and strategies to combat fraudulent contractors come 2013. In a warning message, it said contractors should take note because “2013 won’t’ be...

    • Posted December 27, 2012
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  • Job creation: Minister seeks economic revamp through MSMEs development

    After Nigeria has had what can be best described as another unproductive year in job creation, The Minister of State for Trade and Investment, Dr. Samuel Ortom, has called on stakeholders to put in renewed efforts into...

    • Posted December 27, 2012
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  • Nigeria backs UN sustainable energy resolution

    The recent global declaration of a decade of sustainable energy between 2014 and 2024 by the United Nations General Assembly has received a maximum boost in Nigeria. The Declaration for all has come at a crucial time...

    • Posted December 27, 2012
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  • Starcomms Posts N5.3 billion Loss

    CDMA operator, Starcomms has announced a N5.3 billion loss after nine months of operations. The company made the announcement prequel to its Annual General Meeting which is expected to take place on Friday, December 28th. The company’s...

    • Posted December 26, 2012
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  • N52 billion Unclaimed Dividends: Investor Apathy To Blame – Operators

    The Securities and Exchange Commission (SEC) has pegged the figure of N52 billion as the value of total unclaimed dividends in the country. Whilst some market participants were quick to blame registrars for complicity in the matter,...

    • Posted December 26, 2012
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  • Power generation now 4,500 MW – Jonathan

    President Goodluck Jonathan has said that there has been a significant improvement in the nations power sector. This is contained in his message posted on his Facebook wall on Christmas day. The president also said that he...

    • Posted December 26, 2012
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