Jonathan’s visit: Beware of Greek gift, S-West APC tells Yoruba monarchs
FOLLOWING President Goodluck Jonathan’s visit by to the Alaafin of Oyo, Oba Lamidi Adeyemi and other monarchs in the South West to garner support for his re-election in the March 28 presidential election, the opposition, All Progressives Congress, APC, has advised the rulers to be be conscious of the implications of “Greek gift.”
Readers response to ‘You can Invest’
Last week’s article concluded the series on “You can Invest”. Expectedly the series generated some reactions from readers in the form of questions and comments. A few of the questions and our responses are presented below for the benefit of other readers.
Top 10 performing stocks
On the top 10 performing stocks last week were the shares of Guaranty Trust Bank Plc, Okomu Oil Palm Plc, FBN Holdings Plc, Seplat Petroleum Development Co. Plc, Presco Plc and May & Baker Plc.
Egypt confirms 2017 Afcon bid withdrawal
Egypt’s sports minister Khaled Abdel-Aziz has confirmed his country has abandoned its bid to host the 2017 Africa Cup of Nations.
NERC issues licences to companies to generate 590MW
The Nigerian Electricity Regulatory Commission has issued two on-grid licences to KVK Power Nigeria PVT Limited, and Aluminium Smelter Company of Nigeria, ASCON Plc to generate 590 megawatts, MW, of electricity from solar and gas respectively. The Commission in a statement issued last week in Abuja, explained that KVT Power would be located in Yabo, Sokoto State, adding that the firm had met the requirements for the granting of 50MW on-grid generation licence with no objection received from the general public to its application.
CBN issues guidelines for Islamic banking advisory body
LAGOS — The Central Bank of Nigeria, CBN, has issued guidelines for an advisory body that will oversee Islamic banking in the country.
‘Falling oil price may not affect $3.8bn Egina project’
THE current economic impact of global downtrend in the prices of oil that is already taking its toll on key sectors of the Nigerian economy may not have adverse effect on the country’s Egina oil platform project valued at $3.8 billion. The project was awarded by Total E&P Nigeria to Samsung Heavy Industries, with a mandate to integrate a Floating Production Storage and Offloading, FPSO platform at the LADOL base in Lagos, as the local content partner.
Shareholders condemn SEC over dividend rulings (2)
SEC has come up with a new rule that dividend would be returned to the company to start up a new business outside its original business after one year of release without claim from shareholders. In continuation from last week’s edition, shareholders disapprove of such rule. They further argued that registrars also constitute a major challenge to the issue of dividend collection. This is because they do not effect change of address received from shareholders among others.
RCCG donates N2.2m storm-water drainage system to Lagos community
The Redeemed Christian Church of God, RCCG has commissioned a N2.2 million storm-water drainage system the church donated to the Langbasa Community in Eti-Osa Local Government Area of Lagos State.
Court fixes March 19 to hear 7 suits seeking to disqualify Buhari
The Abuja Division of the Federal High Court, yesterday, fixed March 19 to commence hearing on seven separate suits seeking to disqualify the Presidential candidate of the All Progressives Congress, APC, Major General Muhammadu Buhari (Ret), from contesting the forthcoming general elections.
Akwa Ibom Dep Gov lauds NEMA, tasks business owners on safety
AKWA Ibom State Deputy Governor, Valerie Ebe, has acknowledged contributions of the National Emergency Management Agency, NEMA, towards reducing disaster situations in the society through awareness campaigns and donations of relief materials to disaster victims across the country.
