Business

AVA Capital set for NGX listing to strengthen market visibility

AVA Capital set for NGX listing to strengthen market visibility

By Peter Egwuatu AVA Capital Plc, an integrated financial services group with operations in investment banking, asset management, securities trading and trusteeship, is set to list on the Nigerian Exchange Limited (NGX) by way of Listing by Introduction on Friday. According to a statement made available to Vanguard, the listing is a strategic transition into the […]
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Stockbrokers must meet minimum standard – Onyema

Stockbrokers must meet minimum standard – Onyema

Chief Executive Officer (CEO) of the Nigerian Stock Exchange, (NSE) Mr. Oscar Onyema has charged stockbrokers to ensure that they comply with the minimum requirements to operate in the stock market.

UK firm commends FG for adopting PPP model

UK firm commends FG for adopting PPP model

A United Kingdom based firm has commended the Federal Government for adopting Public Private Partnership (PPP) model for execution of several projects across the country.

Pension fund operators contribute to shallow growth of sector

Pension fund operators contribute to shallow growth of sector

Six years after the pension industry came into existence, activities of pension fund operators in the country are still elusive to a majority of the public because the operators have refused to carry out comprehensive marketing campaigns to reach them.

Nigeria, Kenya investment hotspots in Africa – Survey

Nigeria, Kenya investment hotspots in Africa – Survey

Nigeria and Kenya have been tipped as Africa investment destination hotspots in the coming years. According to a research finding by the Economist Intelligence survey, global institutional investors plan to boost their asset allocation in African markets over the next five years, and are shifting to long-term investment strategies from more speculative, short-term bets.

Capital market: NSE to engage FG over fiscal policy

Capital market: NSE to engage FG over fiscal policy

THE Nigerian Stock Exchange, NSE, yesterday, lamented the exclusion of the Nigerian capital market in the fiscal policy of the Federal Government in year 2011, saying it will engage the Minister of Finance and the National Assembly to influence policy that would uplift the market and the Gross Domestic Product, GDP, of the country.

EFCC probe: Group faults Madueke’s committee

EFCC probe: Group faults Madueke’s committee

A number of analysts have criticised the invitation of the Economic and Financial Crimes Commission, EFCC, by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to probe her ministry in the management of the controversial fuel subsidy.

Industry probes: Another fruitless effort?

Industry probes: Another fruitless effort?

As said by Honourable Farouk Lawan, the Chairman of the Committee set up by the House of Representatives to investigate the reason for the high level of subsidy payments in 2011, a few issues are still hanging.

Chevron excited over success in gas liquids

Chevron excited over success in gas liquids

Chevron Nigeria Limited, CNL has said that its Escravos Gas-to-Liquids, EGTL Project completed the first half of 2011 with no lost time injury, no security incident, no industrial relations incident and no regulatory compliance violation.

Union protests transfer of PHCN workers

Union protests transfer of PHCN workers

Electricity workers in the country under the auspices of the National Union of Electricity Employees, NUEE, have threatened to down tools and subsequently incite a nationwide blackout if the Federal government fails to take definite steps to resolve all labour-related issues in the privatisation of the Power Holding Company of Nigeria, PHCN.

Court judgment boosts Union Bank’s recapitalisation bid

Court judgment boosts Union Bank’s recapitalisation bid

Union Bank of Nigeria Plc‘s recapitalisation process was further boosted last weekend, with the Appeal Court‘s dismissal of the suit filed by some aggrieved shareholders to stop it by challenging the authority of the Central Bank of Nigeria (CBN) to protect the financial system by the actions taken in August 2009.