Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent. Oyedele, who made the call at the United Nations Dialogue […]
GE Reports: Jet engine with 3D-Printed parts powers ext-Gen Boeing 737 MAX
The latest-generation Boeing 737 MAX, powered by a pair of advanced LEAP-1B engines, made its maiden flight today in Seattle. The flight lasted 2 hours and 47 minutes. “The flight was a success,” said Captain Ed Wilson, chief pilot for the 737 MAX program. “The 737 MAX just felt right in flight, giving us complete confidence that this airplane will meet our customers’ expectations.”
Corruption’ll cost Nigeria 30% of GDP by 2030 —Report
A NEW study by professional services firm, PriceWaterhouseCoopers, PwC has shown that Nigeria will lose 30 per cent of its GDP to corruption by 2030.
FCMB, Courteville: Profit warnings and more underway
PREVIOUS week’s corporate disclosures, a measure of corporate discipline and integrity resonated with profit warning from FCMB Plc, a major player in Nigeria’s banking sector. A week later another quoted company, Courteville Business Solutions, the technology company running the popular Autoreg, issued their’s.
Implications of Lagos bond repayment re-scheduling —Cowry Assets
BONDHOLDERS may hope for improved liquidity with the proposed Lagos State repayment re-scheduling. Reacting to the plans by Lagos State Government to propose a new repayment schedule for the bond Managing Director/Chief Executive Officer, Cowry Asset Management Limited, Mr. Johnson Chukwu, said “The reason why the Lagos State Government wants to convert two of its outstanding bonds of N80 billion and N87.5billion, totalling N167.5billion, from bullet payment bonds to amortising bonds is for the state to reduce the interest burden it is bearing on both bonds.
Obat Oil denies diversion of N1.2bn oil subsidy
THE management of Obat Oil and Petroleum Limited has denied reports of its alleged diversion of N1.2billion oil subsidy, saying the publication is not only malicious but orchestrated to disturb its business.
