Dangote to launch own shipping fleet to boost maritime operation
By Godwin Oritse In a move to address limited shipping capacity and the rising cost of road transportation, which have hindered its regional expansion, Dangote Industries has concluded plans to acquire its own vessels to facilitate the movement of its products from Nigeria to markets across West and Central Africa. Speaking from the perspective of […]
Litigations force govt to renew pre-privatisation meter contracts
The Federal Government is being forced to revalidate contracts entered into by the defunct Power Holding Company of Nigeria, PHCN, for the supply of electricity metres to Nigerians before the privatisation of the generation and distribution segments of the power sector.
FMBN grants N1.5bn to Resort Savings and Loans
As the nation grapples with the challenge of providing affordable housing for itscitizenry, a leading mortgage Bank, Resort Savings and Loans Plc recently got an approval for N1.5 billion mortgages for more than 125 beneficiaries underNational Housing Fund Scheme in January, 2015.
Falling oil price: Nigeria, others risk N5.1tn in pipelines projects
NIGERIA among other countries may risk over N5.1 trillion ($30 billion) worth of oil and gas pipelines projects due to the persisting decline in crude oil price. As it stands, some major infrastructure project pipelines are being threatened of being heavily curtailed, as falling oil prices force those governments reliant on oil revenues to make cuts, this is according to the Business Monitor International, BMI’s Infrastructure Key Projects Database.
BoI earmarks N2.2bn for Cassava Bread Fund scheme
The Bank of Industry Limited has announced a N2.2 billion Cassava Bread Fund Initiative for 174 Members of the Association of Master Bakers of Nigeria.
Top 10 performing stocks
On the top 10 performing stocks last week were the shares of R.T Briscoe Plc, Dangote Flour Mills Plc, UACN Property Development Plc, Ikeja Hotels Plc, Champion Breweries Plc and National Salt Company of Nigeria (NASCON) Plc.
