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R.T. Briscoe Nigeria Plc one of the six listed companies that were suspended on 1 September 2020, has now filed its outstanding financial statements with The Exchange. In view of the Company’s submission of its outstanding financial statements, and pursuant to Rule 3.3, of the Default Filing Rules, which states that; “The suspension of trading …
Continue reading “NSE Lifts Suspension Placed on Trading in the Shares of R.T. Briscoe”
• The Federal Government has traced the problem in the power sector to the sales of power generation and distribution companies to incompetent investors by the previous administration of President Goodluck Jonathan. Mohammed said, “Before we came in, the power sector had been privatized by the previous administration, but the people they sold to them …
Continue reading “FG discloses how the problem of the power sector was created”
• The National Executive Council of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to dissociate themselves from the planned nationwide strike and protest by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), which is to commence on Monday, September 28, 2020.This wasreportedly disclosed by the National Public …
Continue reading “Oil marketers back out of NLC, TUC nationwide Strike .”
Fidelity Bank, one of the top lenders in the country has pledged its continued support for the micro, small and medium enterprise (MSMEs) sector whose activities were disrupted in the heat of the COVID-19 pandemic. The Bank made the disclosure recently at the 13th edition of the Annual Banking and Finance Conference of the Chartered …
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…As Kyari Assures of Resolution of Forex IssuesStakeholders in the Downstream Sector of the Nigerian Oil and Gas Industry, including the Major Oil Marketers Association of Nigeria (MOMAN), have lauded the Federal Government for the courage to tackle the challenges in the Downstream Sector frontally.A press release by the Corporation’s spokesman, Dr. Kennie Obateru, stated …
Continue reading “MOMAN, Other Downstream Players Hail FG, Pledge Support for Deregulation”
The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialization of gas from the Oil Mining Lease (OML) 143 that could help reduce gas flaring in the country.Speaking at the agreement signing ceremony which held at the NNPC Towers, the Group Managing …
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BY LAI OLORODE Certainly, Iwo has been embroiled in controversies for a couple of years and particularly since the ascension of Oba Abdurosheed Adewale Akanbi to the throne of his forefathers. It must, however, be understood that this is not peculiar to the Oluwo’s Palace. This seems to be the case when young men ascends …
Michael Lafferty, Chairman of the Lafferty Group, is one of the business luminaries with deep wealth of experience;his words of wisdom and professionalism in the financial industry are rarely toyed with by professionals across the globe. At one of such occasions he described retail banking “ the foundation on which global banks are built” …
Continue reading “FIDELITY BANK :THE POWER OF RETAIL BANKING”
The management of construction giant- Julius Berger Nigeria, announced on Thursday to diversify to agro processing businessThis was sequel to the the approval by its board at a meeting on September 22, 2020, for the diversification as tabled by its management. A statement to the Nigerian Stock Exchange (NSE), by Mrs. Mrs. Cecilia Madueke, the …
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The surprise cut of the Monetary Policy Rate, MPR, the rate at which the Central Bank lends to the commercial banks which consequently determinesother lending rates in the economy, from 12.5 to 11.5 % has continued to generate heated controversy among financial analysts and other economic stakeholders in the country According to some analysts the …
