Dangote Petroleum Refinery set for landmark IPO following SEC approval
… Proposed 4.1bn share offer could raise approximately ₦2.15trnBy Udeme Akpan The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed […]
FG targets 700 vessels yearly under new flexible ship registry
THE Federal Government is targeting an additional 700 vessels annually into its newly introduced hybrid registry from 2011, following the migration from closed registry by the Nigerian Maritime Administration and Safety Agency (NIMASA) to hybrid registry.
MFBs Association set to register Intervention Fund
The Lagos State Chapter of the National Association of Microfinance Banks (NAMB) has said it is set to register its Intervention Fund’ with the Corporate Affairs Commission (CAC).
Afribank shareholders write Jonathan, want Sanusi stopped
Shareholders of Afribank Nigeria Plc have appealed to Acting President, Goodluck Jonathan, to stop Central Bank of Nigeria’s Governor, Malam Lamido Sanusi, from completely destroying their life long investments in the bank.
Financial integrity key to the success story of Lagos, Deputy Gov
LAGOS State Deputy Governor, Princess Sarah Adebisi Sosan said the State has excelled in its development efforts because of the government’s insistence on integrity, transparency and accountability in the management of financial resources.
Low returns, lack of awareness, bane of bond market, Experts
EXPERTS in the Nigerian capital market have attributed low coupon rates and low awareness for the inactivity and unattractiveness of the nation’s bond market.
