The ongoing “La Plage” Lekki Business District project in Lagos State has received a N5.5 billion credit facility from Unity Bank Plc.

The Securities and Exchange Commission (SEC) has reinstated its commitment to ensure that students imbibe the culture of savings as well as enlighten them on the gains of investing in the capital market , even as the Federal Government College, Enugu emerged the champions for the 3rd National capital market quiz competition for secondary schools, organised by the Commission.

ABUJA – The Nigerian Society of Engineers, NSE, has charged international oil companies, IOCs, operating in the country to invest in renewable energy development, as one of the ways of mitigating the impact of climate change.

ABUJA -Russal Aluminium Company Limited, the core investor in Aluminium Smelter Company, ASLCON, Ikot Abasi, Akwa Ibom State, must refund $120 million to the Federal Government coffers with all interests and charges accruable, three years after it reneged on a contract to dredge the Imo River.

CHEVRON Corp., the second-largest U.S. oil company, said on Thursday it will increase spending 20 percent to $26 billion next year, with 85 percent of the budget allocated to oil and gas exploration and production.

The value of investment on the Nigerian Stock Exchange (NSE) recorded a decline last week as equities value represented by the market capitalisation dipped by N115.65 billion.

Mr. Bayo Olugbemi, Chairman of the Chartered Institute of Bankers of Nigeria (CIBN), Lagos State Chapter, has called for concerted efforts by stakeholders in the Nigerian capital market to address the anomalies in the market and help revive the fortune of the market.

Dangote Industries Limited (DIL) has signed about $400 million (N60 billion) value of investment with the Government of Zambia in accordance with the Investment Promotion and Protection Agreement of the country.

CAMAC has been notified by its partner, Nigerian Agip Exploration (NAE), that the well intervention planned on the Oyo #5 well, located in the Oyo Field, offshore Nigeria, is scheduled to commence on December 4, 2010 with the mobilization of the Transocean Marianas to the field.

CONSUMERS in the telecommunication industry have continued to complain over poor after sales services by the service providers.
The National Communication Commission (NCC) Consumer Affairs Bureau ,Mrs Lolia Emakpore, ably represented by her deputy _ Dr Femi Atoyebi, at the consumer forum held last week in Badagry, Lagos, disclosed that several complaints by consumers show that there were not satisfied with the after sales services.