All posts tagged "headline"

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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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  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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  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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