Nigerian Bottling Company marks 75yrs, reaffirms commitment to Nigeria
By Tunde Oso Nigerian Bottling Company (NBC) Ltd, a member of the Coca-Cola HBC Group, has marked its 75th anniversary in Nigeria with a gala event held at the Conference Centre, Abuja. Reflecting on the company’s origin, Anastassis G. David, Chairman of Coca-Cola HBC, said: “In 1951, Anastasios Leventis negotiated the rights for the whole […]
SEC suspends rule on membership of Audit Committee
THE Securities and Exchange Commission, SEC has approved the suspension of Rule 42 (5)(e) of the Consolidated Rules and Regulations of the Commission for 90 days, effective February 25, 2015.
Economy to double in-between elections 2015, 2019
Nigeria’s Gross Domestic Product (GDP) has been projected to hit N156.3 trillion by 2019 when the next general election would be in the front burner once again. This indicates that the GDP would have almost doubled from this year’s size, all things being equal. The rebased real GDP at N82 trillion for 2013 was estimated at N84.9 trillion for 2014.
Top 10 performing stocks
On the top 10 performing stocks last week were shares of UAC of Nigeria Plc. Union Bank of Nigeria Plc, Julius Berger Nig. Plc, Access Bank of Nigeria Plc, Ikeja Hotels Plc, and Chemical and Allied Products, CAP Plc.
Investors gain N240bn in 5 days
The postponed general elections may not have affected the Nigerian stock market significantly as it maintained the longest regaining streak as investors, last week, gained N240 billion in five days, just as the Naira suffered its biggest monthly fall in over five years this February, 2015 following the drop in global oil price.
FG boosts public sector contribution to GDP with 400 infrastructure investments
In line with its plan to boost public sector contribution to gross domestic product (GDP) the federal government is pursuing an integrated approach to public sector investment in infrastructure development through the Infrastructure Concession Regulatory Commission (ICRC). FG established ICRC as an effective framework for Public Private Partnership (PPP) in Nigeria. The ICRC was subsequently inaugurated in 2008.
