Dangote Refinery unveils N2.15trn IPO at N525 per share
Dangote Petroleum Refinery and Petrochemicals FZE on Monday unveiled a N2.15 trillion Initial Public Offer (IPO), offering Nigerians and other Africans an opportunity to acquire shares in the 700,000-barrel-per-day refinery. The offer comprises 4.1 billion ordinary shares at N525 per share, with a minimum subscription of 10 shares valued at N5,250. Chief Executive of the […]
IMF predicts 7.3% economic growth, lower inflation for Nigeria
The International Monetary Fund, IMF, has predicted a 7.3 percent economic growth for Nigeria in 2014, up from 6.4 percent in 2013, with inflation to continue on downward trend.
FG to generate $5.7bln from 10 power plants, says BPE boss
The Federal Government will generate more than five billion dollars from the sale of 10 National Integrated Power Plants (NIPP), an official said.
Exporters decry absence of functional trade zones
Nigerian exporters have blamed the under investment of exportable products on the absence of functional trade zones for non-oil products in the country.
Irrigation key to national food security — Perm Sec
Permanent Secretary, Bauchi State Ministry of Agriculture and Natural Resources Dr Dauda Abdullahi has said that harnessing the nation’s irrigation potential was the key to its food security. Abdullahi, who said this in Bauchi, added that it would be difficult for the country to meet its food needs by depending on rainfall.
Turkish entrepreneurs develop business ties at ECOWAS-Turkish expo
Exhibitors at the just concluded ECOWAS -Turkish Export Expo in Lagos have expressed satisfaction at the number of trade partnerships they entered into. The exhibition was organised to increase trade volume between Nigeria and Turkey. The Association of Businessmen and Investors of Nigeria and Turkey (ABINAT) reported that bilateral trade between the two countries has risen from $2 billion in 2012 to $2.3 billion in 2013.
