All posts tagged "headline"

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  Nigeria to become largest exporter of urea in Africa by 2017 – Dangote

  President of the Dangote Group, Alhaji Aliko Dangote yesterday said Nigeria will be the largest exporter of urea in Africa by 2017. Dangote stated this at an interactive session between members of the organised private sector and...

  • Posted January 29, 2015
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  SEC boss calls for 100% compliance on e-Dividends

  Registrars have been urged to ensure 100 per cent compliance  on electronic dividend (e-dividend) as a way of reducing unclaimed dividends in the nation’s capital market. The Acting Director General of Securities and Exchange Commission (SEC), Mounir...

  • Posted January 29, 2015
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  Dollar speculation: CBN may suspend banks’ forex licences

  The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday threatened to withdraw the foreign exchange dealing licences of banks that engaged in speculative demand for the dollar at the forex market. Emefiele, who spoke at...

  • Posted January 29, 2015
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  Oando reduces rights issue price to N16.50

  Oando Plc has reduced the price of its Rights Issue from N22.00 to N16.50, while it increased the volume of shares to 2.956 billion. The integrated oil company,  which is listed on the Nigerian Stock Exchange (NSE)...

  • Posted January 29, 2015
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  AMCON finally transfers Mainstreet, Enterprise to Skye, Heritage Banks

  The Asset Management Corporation of Nigeria (AMCON) on Tuesday officially transferred the ownership of Mainstreet Bank Limited and Enterprise Bank Limited to their new owners, Skye Bank Plc and Heritage Bank Limited, respectively. At the divestment ceremony...

  • Posted January 29, 2015
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  FG, states to cut cost over oil slump

  The Federal Ministry of Finance, the commissioners of finance and accountants-general of the 36 states of the federation have begun moves to reduce the high cost of governance in the country following the continuous decline in crude...

  • Posted January 29, 2015
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  Power generation drops by 2,042MW

  The country is currently losing 2,042.2 megawatts of electricity due to gas supply shortage and poor water management. The 411 G2 and G4 units of the Shiroro hydro power plant are currently losing 300MW, while the loss...

  • Posted January 29, 2015
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  Immigration earns N12bn from e-passports

  The Nigeria Immigration Service said on Tuesday that it generated N12.2bn from the issuance of e-passports to citizens in 2014. This was just as it inaugurated an electronic platform to block revenue leakages and enforce accountability and...

  • Posted January 29, 2015
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  Total completes gas pipeline for Alaoji power plant

  Total Exploration and Production Nigeria Limited on Tuesday announced that a section of its Northern Option Pipeline that would supply gas to the National Integrated Power Plant at Alaoji in Abia State had been completed. According to...

  • Posted January 29, 2015
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  LCCI, OPS fret over Private Companies Conversion Bill

  The Lagos Chamber of Commerce and Industry (LCCI) and the Organised Private Sector (OPS) have once more expressed concerns over the proposed bill to compel private companies to convert to Public Limited Companies (PLC), noting that the...

  • Posted January 29, 2015
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