Business Capital Market News

Suspended Oando assuages shareholders, to release offical statement soon

Ihesiulo Grace 19 October 2017 0

Afolabi Adesola Oando Plc has reacted to the suspension and forensic audit directives from Nigeria’s Securities and Exchange Commission (SEC). The energy firm in a statement released via the Nigerian Stock Exchange (NSE) late Wednesday noted that “The Company is currently reviewing

Business Economy

‘No better time than now to invest in Nigeria’ – Rendeavour

Ihesiulo Grace 25 September 2017 0

Senior officials of the Federal Government joined representatives of the Nigerian private sector and American investors to discuss ease of doing business and foreign investment at the Nigeria-U.S. Business and Investment Forum in New York on Tuesday 18 September. Minister of Foreign Affairs, Geoffrey Onyeama, the official representative of President Muhammadu Buhari at the

Business Economy Top Stories

Lagos is foreign investors’ favourite destination in Nigeria

Ihesiulo Grace 23 August 2017 0

The National Bureau of Statistics on Tuesday released the capital importation report, stating that investment inflows into the country rose by 95.02 percent from $884.1m in the first quarter of this year to $1.79bn in the second quarter. While on year on year, this was an increase of 43.6% from the $1.042.2 recorded in Q2 […]

Capital Market

Equities market maintains uptrend as YTD returns surpass 42%

Ihesiulo Grace 14 August 2017 0

The worth of investment on the Nigerian Stock Exchange (NSE) has continued on an uptrend as trading closed in a positive territory for the week ended 11th August 2017, extending gains into the 5th consecutive week, while Year-to-Date returns sit at 42.14 per cent. The lead market indicator; NSE’s All-Share Index (ASI) appreciated further by […]

Business

Labour hails Dangote on investment, employment, youth empowerment

Ihesiulo Grace 2 July 2017 0

… Urges others to emulate him Following his fresh investments in automobile and agriculture, the organized labour has commended Alhaji Aliko Dangote, President and the Chief Executive of the Dangote Group for promoting investment and creating thousands of direct and indirect youth employment across the country and in Africa. The labour said Dangote’s patriotism remains

Business

Heritage Bank, Workforce to promote financial performance

Ihesiulo Grace 11 April 2017 0

Heritage Bank has partnered Workforce group in a bid to enhance impactful leadership that will contribute to the financial performance of an organisation. Speaking at a Learning & Development Leaders Conference organised by Workforce group in Lagos recently, Mrs. Tochi Onuoha, Head, Learning and Development with Heritage Bank posited that it is imperative for the […]

News

Buhari appoints board members for NSIA

Ihesiulo Grace 22 March 2017 0

President Muhammadu Buhari has approved the list of nominees into the reconstituted Board of Directors of the Nigeria Sovereign Investment Authority. The agency, which announced the approval on Wednesday in a statement in Abuja, said the list had earlier been approved by its Governing Council. The National Economic Council, NEC, during its last meeting received […]

Business News Nigeria

Oil, gas sector needs $10b investment annually

Ihesiulo Grace 3 March 2017 0

The Oil and gas sector needs investment worth about $10 billion for four consecutive years in order to transform the sector. The Minister of State for Petroleum Resources, Dr. IbeKachukwu stated this while delivering his ministerial address at the ongoing 2017 Nigeria Oil and Gas Conference (NOG) in Abuja. “For transformation to occur in the […]

Business News

Zenith Bank records N71.37bn bad loans in 2016

Ihesiulo Grace 2 March 2017 0

Following the poor state of power sector and dwindling global oil prices, Zenith Bank Plc has reported N71.37 billion bad loans in financial year ended December 31, 2016. The lender in 2015 reported N44.89 billion bad loans, 59 per cent increase above 2016 bad loans. With the growth in bad loans in 2016, the lender’s […]

Technology

Singapore targets investment in Nigeria’s telecom, others

Ihesiulo Grace 24 November 2016 0

Singapore Investment Corporation (SIC) has embarked on fact finding mission to Nigeria with interest in vast areas of investment opportunities in the country, especially telecommunication, oil and gas and solid mineral resources. Mr Ang Eng Seng, SIC President, Europe and his Deputy, David Kosson and their team informed journalists in Abuja, while on visit to […]

News Opinion

How to Be Smart with Your Money (3) By Tunde Oyedoyin

Ihesiulo Grace 14 May 2015 0

In the two previous articles, I talked about the importance of knowing how to be smart with your money and checking your bank’s monthly  statements . I once went over a mini- statement I printed from an ATM and noticed an organisation had taken the money they shouldn’t take. Guess what, I called and told […]

Business

Dangote Cement's Shareholders to Benefit from New Projects

Ihesiulo Grace 29 April 2015 0

As shareholders of Dangote Cement meet today to approve the company’s 2014 financial results, indications have emerged that the investors will have a lot to be thankful for as a result of the massive expansion project being embarked upon by the company in 16 African countries, outside Nigeria. Returns from the African projects are expected […]

Business

NSE Partners MSCI to Woo Investors

Ihesiulo Grace 26 March 2015 0

MSCI Inc. a global provider of investment decision support tools, and The Nigerian Stock Exchange (NSE), the stock exchange servicing the largest economy in Africa, announced a strategic cooperation agreement to develop and market on a global scale a cobranded family of indexes for the Nigerian equity markets. The Nigerian Stock Exchange (NSE) indexes are […]

Agriculture Business

Stimulating Cottage, Industrial Palm Oil Investments

Ihesiulo Grace 20 March 2015 0

Investments in production and processing of palm oil has been identified and proven to be a veritable tool of poverty reduction and economic diversification. From being the world’s leading producer and exporter of palm oil in the 1960s, Nigeria has fallen to being a net importer to meet rising domestic demand. Largely, demand is primarily […]

Agriculture

Gov. Obiano Attracts $660million Investment on Agriculture

Ihesiulo Grace 17 March 2015 0

Anambra State Government has said it has attracted over $660m investments on Agricultural sector. The State Governor, Chief Willie Obiano, stated this yesterday, during a celebration marking his one year in office, however added that his target in Agriculture was to make Anambra among the Top-3 agricultural states in Nigeria. According to Obiano, these include […]