Ikot Akpan Udo crisis: A-Ibom govt intervenes at last
UYO—AKWA Ibom State Deputy Governor, Obong Nsima Ekere, Thursday, set up two committees, the Peace and Reconciliation Committee, headed by Chief Effiong Eneyo, a member of the State Boundary Committee, and a Boundary Delineation Committee, led by Surveyor Okokon Essien, the State Surveyor-General, to resolve the crisis arising from the boundary clash that led to the killing of 13 citizens of Ikot Akpan Udo and destruction of the community in Ikot Abasi Local Government Area of the state by the Amazaba Andonis of Eastern Obolo Local Government Area in August 2008.
LADOL facilities attract investment from 20 UK companies
About 20 companies based in the United Kingdom have indicated interest to invest in the Lagos Deep Offshore Logistic base otherwise known as LADOL Free Zone (LFZ) because of the facilities available there.
JTF sets illegal refineries ablaze in Delta
WARRI – Determined to rid the Niger Delta region of illegal bunkering activities, the Joint Task Force, Operation Pulo Shield, yesterday, destroyed several illegal refineries in Onyobru Town in Jesse, Ethiope West Local Government Area of Delta State.
Operators appraise equity rebound,seek sustenance of regulatory framework
OPERATORS in the Nigerian capital market have stated that for the equity market upsurge currently being experienced under the new leadership of both the Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE), there is need to sustain the reforms being put in place by the apex capital market regulator.
BoI seeks EFCC’s partnership for industrial growth
The Bank of Industry, BOI, has sought the partnership and collaboration of the Economic and Financial Crimes Commission, EFCC, in its quest to halt the sliding fortune of local industries across the country.
Quoted companies are excessively charged on NSE
Poly Products Nigeria Plc, a manufacturer of polythene and other plastic products, recently disclosed plans to delist from the Nigerian Stock Exchange. In this interview with Vanguard, Mrs. Funmi Ajayi-Tomori, a Director in the company, gave an insight into the delisting plan, arguing that quoted companies are still burdened by excessive charges from the regulatory authorities among other things. EXCERPTS
Investors, developers scramble for FCT land swap deal
Some investors, both foreign and local, have indicated interest in the land swap scheme initiative of the Federal Capital Territory Administration (FCTA ) to accelerate delivery of affordable housing in FCT.
Edo PDP chieftain, Arigbe-Osula, urges support for Oshiomhole
FORMER Minority Whip of the House of Representatives and chieftain of Peoples Democratic Party, PDP, in Edo State, Mr. Emmanuel Arigbe-Osula, weekend, said that Governor Adams Oshiomhole’s administration has restored hope to the hopeless in the state.
Capital market wrecked by NSE and SEC – 1
Nigeria’s capital market is totally wrecked. It had been partially demolished by 2008, but there was still some hope. Now it is in ruins – thanks to the heads of the two institutions controlling it. The global community, and nations with honest capital markets, whose shares are heading for the basement, must be amused that in Nigeria those who are supposed to build the capital market – the NSE and SEC—are exactly the ones destroying what is left of it.
Provisioning deflates CIBN operating surplus by 45%
The Chartered Institute of Bankers of Nigeria (CIBN) recorded 45 per cent decline in its operating surplus for the year ended December 31st 2011 due to provisioning for diminution in investment. Results of the Institute show that operating surplus fell to N21 million from N74.5 million in 2010.
Lagos generates N11bn land revenue in 2011
Lagos State government generated a turnover of N10.96 billion from land administration in 2011, which is less than the over N13 billion generated in 2010.
