The Federal Government, FGN, transferred the management of the electricity distribution companies and power generating companies to the core investors during November 2013. These companies have carried out their operations under new managements for more than one year. The Nigerian Electricity Regulatory Commission, NERC, should obtain from these companies their audited balance sheets and profit and loss accounts for the year 2014 and the companies should publish these financial statements in at least two national newspapers.

Dangote Cement Plc has started realing the benefit of its expansion across Africa, declaring a gross profit of N74.7 billion for the first three months ended 31st March 2015. This indicates an increase of 10.5 percent over N67.63 billion recorded in the same period in 2014. According to the cement giant’s unaudited results for first quarter of 2015, revenues rose by 10.8 to ¦ 114.7billion compared to N103.57 billion in the corresponding in 2014.

Skye Bank Plc has announced a profit before tax of N6.2 billion for the first quarter ended March 31, 2015, representing an increase of 82 per cent over the N3.4 billion recorded during the same period in 2013. Similarly, the bank’s profit after tax grew to N5 billion during the review period compared to N2.7 billion achieved during the corresponding period in 2013, showing a rise of 85 per cent.

The President of the African Organisation for Standardization (ARSO), Dr. Joseph I. Odumodu, has disclosed that the current global activities in trade indicate that no country or continent can advance industrially, economically and socially, without the culture of quality and standards. Speaking at the lunch of the convention logo for the forth coming ARSO President’s Forum to be held in Abuja, Odumodu said that ARSO is seeking to integrate the whole of Africa through Standardisation in order to empower the continent to look within its self for sustenance.

The Association of Assets Custodians of Nigeria (AACN) has successfully concluded its fourth annual investor conference held on the 7th of May, 2015, in London, with the theme – Nigeria: Navigating changes, Extracting opportunities. The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, represented by the Director of Reserve Management, Mr. Lamido Yuguda, opened the event with the keynote address.