Eastern Ports Rehabilitation: FG awards Escravos Channel dredging, breakwater reconstruction
As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
Nigerian banks’ capital, lower than stated – S&P
Global rating agency, Standard and Poor’s Rating Services, yesterday, said Nigerian bank’s capital base is lower than widely publicized, saying that it views the banks capital as moderate or adequate.
Sokoto, Brazilian firm sign N15bn agreement on Agriculture
Sokoto – Sokoto state government has signed a N15 billion partnership agreement with a Brazilian Company on agriculture, State Commissioner for Agriculture, Dr. Jabbi Kilgori has said.
Securities lending: Market makers seek review of CBN, Pencom Acts
Market Makers (MM) on the Nigerian Stock Exchange (NSE), have called for a review of the CBN and National Pension Commission (PenCom)’s Acts, rules and regulations on securities lending so as to assist in solving illiquidity and debt overhang problems currently affecting the nation’s capital market.
UK firm to invest N78bn in Nigeria’s real estate, leisure sectors
Scarborough United Group Plc, SUGPlc, said it plans to invest N77.89 billion ($500 million) in Nigeria’s real estate, leisure and football services in the next six to nine months.
N200bn expansion project: Flour Mills targets improved profitability, returns
Flour Mills Nigeria Plc has said that it has embarked on an expansionary programme that will improve its production capacity and strengthen its leadership position in the flour milling industry.
