Safeguarding investors’ capital remains biggest post-listing challenge- AVA Capital
By Peter Egwuatu THE Managing Director and Chief Executive Officer, AVA Capital Plc, Mr. Kayode Fadahunsi has revealed that safeguarding investors’ capital remains the biggest post listing challenge. He added that preserving investor trust would be the company’s foremost priority, adding that the group seeks to strengthen governance, transparency and accountability while pursuing long-term growth as […]
CBN moves to reduce unbanked population by 20%
THE Central Bank of Nigeria, CBN, has restated its commitment to reducing the country’s unbanked population by 20 per cent before year 2020. The move is part of the apex bank’s financial inclusion strategy aimed at ensuring greater participation in the nation’s financial sector.
Banks develop funding framework for power projects
Banks have commenced collaborative effort to develop a framework to lend and finance power projects.
Our expectations of the Transmission Company of Nigeria in 2013
The Transmission Company of Nigeria, TCN, is the link between the electricity distribution companies and the power generation companies. TCN will remain 100% owned by the Federal Government of Nigeria, FGN, while the electricity distribution companies and the power generation companies will be partially privatised.
Sanusi justifies revocation of 236 BDCs
As reactions continue to trail the recent revocation of the operating licenses of the 236 Bureaux De Change (BDC) operating across the country, the Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi has explained that the revocation became necessary because the affected BDCs fell short of the minimum operational standards.
Indonesia signs pact with Nigeria on aircraft maintenance, operation
Indonesian airliner, GMF Aeroasia and Industry has sealed a pact with five Nigerian airliners on maintenance and operation.
Heritage Bank pays SGBN customers at account validation centres
One significant highpoint of the account validation exercise kicked off by Heritage Banking Company on Tuesday 29 January for Customers of the defunct Societe Generale Bank of Nigeria (SGBN) is the immediate issuance of payment cheques to customers whose accounts are successfully validated.
SMEs, local manufacturers dying of faulty credit system – Okeke
Over the years, investigation had revealed that apart from the epileptic power supply that has affected business operations at every level in this country, poor credit facility has been a major challenge of local manufacturers. In this interview, Managing Director, ENGASOD Logistics Limited, Tobia Okeke, explained that faulty credit facility is one of the reasons why SME’s, local manufacturers are dying in Nigeria. Excerpts:
Oil Spill: FG’s N8bn fines against Shell, Chevron unconstitutional — Saraki
Chairman, Senate Committee on Environment, Mr. Bukola Saraki has declared as unlawful and unconstitutional, the $8 billion fines being sought by the Federal Government of Nigeria against Royal Dutch Shell and Chevron for oil spills in the Niger Delta.
Sinopec eyes acquisition of Afren’s $1bn assets
hina Petrochemical Corporation, Sinopec, has announced plans to acquire Afren Plc’s assets valued at N157 billion ($1 billion) in Nigeria and other part of the globe.
World Bank to spend $5bn on projects in Nigeria
The World Bank has announced plans to spend $5billion on 27 projects across Nigeria in the next five years, just as the African Development Bank (AfDB) sealed a pact to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of $500 million to Bank of Industry (BOI) and of $200 million to Nigerian Export-Import Bank (NEXIM), to support export-oriented Small and Medium Enterprises’ (SMEs) modernisation and expansion.
