Diamond Bank Plc has invested more than N30 billion in a geometric power project in Aba that will generate sustainable power supply for the industrial city all year round.

February and March have been observed to be the hottest months of the year in Nigeria and the rest of West Africa. However, this year in the Lagos area, we have had three noticeable rainfall events during January and we have, in early February, been experiencing the cooler temperatures brought about by the harmattan.

The United Bank for Africa (UBA) Plc, has introduced a reloadable prepaid card offering customers financial control, convenience and security. The UBA Prepaid Card which is available in Nigeria and 18 African countries where UBA has presence is accepted at all VISA acceptance points, on over 1 million ATMs, 30 million POS/Merchant Terminals in over 179 countries across the world.

A shareholder in the capital market has flared stockbrokers and registrars over huge cost they impose on shareholders who intend to dematerialise their certificates to meet the Nigerian Stock Exchange, NSE, and Securities and Exchange Commission, SEC’s demand.

The Chinese oil giant CNOOC completed its $15.1 billion purchase of Canada’s Nexen energy group on Monday, in what analysts have said is China’s largest foreign investment.

Oando Plc a major player in Nigerian oil and gas industry last week disclosed that it received the sum of N270 billion as subsidy claims from the Federal Government in the last four years, adding that it was not involved in the scandal.

Here we are again reinventing the wheels of governmental agency reform, this time the power sector, while simultaneously taking actions that seem to undermine the reform process – alleged bias in the granting of distribution licenses, capacity shortages and, generally letting the bottom fall out of the quality of power generation and distribution. The government has recently announced the commencement of the review of its “Power Sector Roadmap.”

Bothered by the steady decline in food production across the country, the Agricultural and Allied Employees’ Union of Nigeria, AAEUN, has implored financial institutions, federal and state governments to introduce interest free loans for farmers in order to help them battle the looming food crisis in the country.

The opportunity to buy shares through private placement or public offering as we learnt last week is not always available. This is because it is not all the time that companies raise money by selling shares.

Registrars have been unilaterally allocating stockbroking houses and stock accounts of shareholders of bank Holding Companies (Holdco), said Central Securities Clearing System (CSCS) Limited.