Dangote Petroleum Refinery set for landmark IPO following SEC approval
… Proposed 4.1bn share offer could raise approximately ₦2.15trnBy Udeme Akpan The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed […]
Social investment, key to sustainable development – Shell
Shell Companies in Nigeria, SCiN, have identified social investment as key to sustainable development of the Niger Delta region and fast track the economic growth of the country. In line with its corporate social responsibility, CSR, the Groupis work with government, communities and civil society to implement programmes that have a lasting impact on lives in the Niger Delta and beyond.
NDPHC board re-jigs management ahead of Phase 11 start off
The Niger Delta Power Holding Company (NDPHC) board has advised the general public to disregard reports insinuating that the board was making spirited attempts to make hurried appointments ahead of May 29 for a promised seamless handover by the present administration. This was contained in a statement signed by Mr Yakubu Lawal, General Manager, Communications and Public Relations of the company.
Don’t be deterred by dwindling crude price: foreign investors told
Despite the instability in the price of crude in the international market, insurance operators have appealed to foreign investors not to be deterred from investing in and doing business with Nigerian insurance industry because the sector is well structured. According to these operators, series of transformation programmes have been ongoing in the insurance sector which have helped to structure the industry very well.
Crazy bills: NERC calls for consumers’ coalition to tackle operators
The Nigerian Electricity Regulatory Commission, NERC has called on electricity consumers to be organised and challenge the operators in the sector in order to effectively address complaints arising from electricity tariff setting, metering and billing by power firms. The Chairman, NERC, Dr. Sam Amadi, who stated this in Abuja during the inaugural meeting of the Nigerian Electricity Consumer Advocacy Network, noted that there is need for consumer advocacy organisation in the system.
CIIN repositions for greater service deliver
In a bid at repositioning for greater service delivery and to revitalize its impact and relevance in the Nigerian financial services sector and that of the insurance industry in particular, the Chartered Insurance Institute of Nigeria (CIIN), has set in motion a Strategy Advisory Exercise to identify key issues bordering on the growth and advancement of the insurance industry in the country.
